wall street in advance

July 2018 Economic Statistics
and Other Economic Influences

                Weekly Chain Store Sales*
                 Average Hourly Earnings*
                 API Weekly Gas/Oil Stockpiles Report*  **
Mortgage Applications  Data
                 EIA Weekly Report on Gas & Oil Stockpiles* (10a.m.)
                 Weekly Unemployment Report*
                  Weekly Mutual Fund Flows*
                   Natural Gas Storage Levels* (a.m.)

 *Except Holidays    ** As of 1/09         All Dates Subject to Change:
Sunday,    July 01 Q2 Swiss Real Estate Index Family Homes
Mexico General Election (includes President)
    OVERNIGHT into US Mon. a.m. et:
         Aussie AiG Jun Performance of Manufacturing Index & CBA PMI Manufacturing
         Brazil MPC Q3 Long Term Interest Rate Target Announced
         Japan Q2 Tankan Indices + Outlooks
         So. Korea Nikkei Jun Manufacturing PMI
         Japan Official June FX Reserves & Vehicle Production
         India Jun Nikkei Manufacturing PMI
         Russia Markit Jun Manufacturing PMI
         Aussie TD Securities June Inflation & ANZ Job Ads + RBA Commodity Index
         China Caixin Jun Manufacturing PMI
         Swiss May Retail Sales & June SVME Manufacturing PMI
         Eurozone, France, Germany, Italy & Spain Jun Manufacturing PMI
         Italian May Unemployment Rate

         UK June Markit Manufacturing PMI
         Eurozone May Unemployment Rate & PPI
         South Africa Manufacturing PMI + Jun Vehicle Sales
         Singapore Jun Manufacturing PMI
         Brazil Jun Manufacturing PMI
         ECB Economist Praet panelist @ Informal Seminar on Occasion of Erkki Likkanen's Farewell from Bk of Finland (Helsinki Finland)
Monday,  July 02 US June Markit Manufacturing PMI Index
US June ISM Manufacturing Index, Employment, Prices Paid, New Orders
US May Construction Spending
US Treasury Auctions $48B 3-, & $42B 6-month Bills (11:30 am et) +$35B 4-week
Federal Reserve Raises the Amount of Interest Receives & Its Holdings Allowed to Run Off without Reinvestment
Holidays in Canada + Hong Kong
Brazil Jun Trade Balance

    OVERNIGHT into US Tues. a.m. et
        Japan June Monetary Base

        Aussie May Building Approvals
        RBA (Aussie) MPC Statement, Interest Rate Decision & Cash Rate Target
        French Government May Budget Balance
        Spanish Unemployment Rate/Change + CPI
        UK Markit/CIPS Jun Construction PMI
        Hong Kong May Retail Sales
        Eurozone May Retail Sales + PPI
Tuesday,  July 03 US June Motor Vehicle Sales
US May Factory Orders
RBC Canadian Jun Manufacturing PMI
US May (F) Durable Goods Orders/Shipments
ECB Economist Praet @ Gala hosted by Nat'l Bank of Romania (Bucharest)
Equity & Options Markets Close Early--1pm et
SIFMA Controlled (Bond) Markets Close Early--2pm et
    OVERNIGHT into US Wed. a.m. et:
         New Zealand Jun QV House Prices, ANZ Jun Job Ads, AiG Performance of Services IndexCBA Jun Services & Composite PMI
         UK BRC Jun Shop Price Index
         Nikkei Japan Jun PMI Services & Composite
         Aussie May Trade Balance & Retail Sales
         BoJ Harada speaks (Ishikawa)
         China Jun Caixin Services & Composite PMI
         Markit June Eurozone, France, Germany Jun Services & Composite PMIs 
         BoE  FPC (Financial Policy Cmte) Meeting Record of 06/19 Detailed

        Riksbank (Sweden) MPC post-Meeting Rate Announcement/Press Conference
         BoE Dpty Gov for Prudential Regulation, Sam Woods, keynote Seminar: "Building a resilient UK Financial Sector--next steps for prudential regulation, structural reform and mitigating risks" (London)
Wed.        July 04 UK Jun Official Reserves/Change, Markit/CIPS Services & Composite PMI
All US Markets Closed for Independence Day Celebrations
   OVERNIGHT into US Thurs. a.m. et:
         BoJ's Masai speaks (Matsumoro)         
         India Nikkei Jun Services PMI
         Russia Markit Jun Services PMI
         South Africa Standard Bank Jun PMI
         German May Factory Orders
         Swiss Jun CPI
         Austrian Nat'l Bank & the Economic Chamber host an economics conference (to 6th; Vienna Austria)
         Markit German Jun Construction PMI
         BoJ's Masai meets with Business Leaders (Nagano)
         UK Jun New Car Registrations
         Markit Jun Eurozone, France, Germany, Italy Services & Retail PMIs

         Brazil May Industrial Production, Markit Services & Composite PMI, FX Flows
         South Korea May Current Account
         Hong Kong Jun Manufacturing PMI
Thursday, July 05 MBA weekly Mortgage/Refinance Applications
Challenger June Job-Cuts Report (7:30am et)
ADP Private Sector Employment Report (8:15am et)
US weekly Jobless Claims (8:30am et)
US June PMI Services Index + Markit Composite PMI
US June ISM Non-Manufacturing Index
/Prices Paid/Employment Outlook (10am et)
EIA weekly Petroleum Stats (11am et)
Brazil Jun Auto Production & Sales
US Treasury Refunding Announcement
FOMC June 12-13 Meeting Minutes Released (2pm et)
Fed Balance Sheet & US weekly Money Supply (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
         Aussie Jun AiG Construction Ndex
         Japan May Labor Cash Earnings+Household Spending& FX
        German May Industrial Production
        South Africa Jun Foreign Reserves
        French May Trade Balance + Current Account
        Aussie Jun FX Reserves
        Swiss Jun FX Reserves
        Italy May Retail Sales
        Hong Kong Jun FX Reserves
        India Bank Deposit & Loan Growth + FX Reserves
        UK Halifax Jun House Prices, Q1 Unit Labor Costs
Friday,     July 06 US June Unemployment Report/Change/Participation/Hourly Earnings
Canada Jun Unemployment Rate/Change/Participation/Full + Part-Time
US May International Trade Deficit
Canada May International Merchandise Trade
Russia CPI
Canada IVEY Jun PMI
EIA weekly Natural Gas Report
Baker-Hughes weekly US/North America Rig Count (1pm et)
Saturday, July 07
Sunday,   July 08 China Jun Foreign Direct Investment
    OVERNIGHT into US Mon. a.m. et:
         Japan May Current Account, Trade Balance, Jun Bank Lending, Bankruptcies
         China Jun Fx Reserves  
         New Zealand REINZ Jun House Sales
         Swiss  Jun Unemployment Rate
         German May Trade Balance (Imports/Exports)
         ECB's Coeure participates Session 31 "Which Leadership for Tomorrow?" @ Recontres Econonmiques from Le cercle des Economistes (Aix-en-Provence (FR)
         Eurozone Sentix Jul Investor Confidence
         Singapore Jun Fx Reserves
         ECB Chief Draghi addresses European Parliament's ECON Committee
         BoJ Gov Kuroda speaks at Qtrly Regional Bank Branch Managers Meet
Monday,  July 09 Fed's Kashkari welcome remarks @ "Homeownership in Indian Country: Creating the Opportunity for Choice" (Prior Lake MN)
US Treasury Auctions $48B 3-month & $42B 6-month Bills (11:30am et)
TD Ameritrade IMX (12:30pm et)
US May Consumer Credit (Debt, really-3pm et)
Brazil Holiday
Pres. Trump to announce Supreme Court pick 9pm et
    OVERNIGHT into US Tues. a.m. et:
         New Zealand Jun Electronic Card Spending
         UK BRC Like for Like Jun Sales
         Japan Jun M3 Money Supply
         China Jun New Yuan Loans, Aggregate Financing, Money Supply
         Aussie NAB Jun Business Conditions
         China Jun PPI + CPI + New Loans
         Japan Jun Machine Tool Orders
         BoE conference on Economics & Psychology: New Ways of thinking about economic policy (thru 10th, London)
         May French + Italian Industrial Production
         UK May Trade Balance, Industrial + Manufacturing Production, Construction Output, 1st Monthly Estimate of GDP, May Index of Services + Trade Balance
         ECB's Lautenschlager speaks at 9th ECB Statistics Conference "20 years of ESCB Statistics: What's Next? (Frankfurt Germany)
         German ZEW Jul Survey, Expectations, Sentiment
Tuesday, July 10 NFIB July Small Business Optimism Index (6am et)
UK NIESR Jun GDP Estimate
Jun Canada Jun Housing Starts, May Building Permits
Redbook weekly store sales
JOLTS (Job Turnover & Quits)
IRS Tax Forum (Atlanta GA thru 12th)
US Treasury Auctions 4-week Bills & $33B 3-year Notes
    OVERNIGHT into US Wed. a.m. et:
        South Korea  Jun Unemployment Rate
        Japan Jun Corporate Goods Price Index, PPI, May Core Machinery Orders
        Aussie May Home Loans & Investment Lending, Value of Loans
        German Jun wWPI
        ECB's Praet, Mersch, Nouy speak at ECB Statistics Conference (Frankfurt)
        NATO Heads of State Summit (Brussels Belgium thru 12th)
Wed.,      July 11 MBA Mortgage/Refinance Applications
OPEC Monthly Report
US June PPI-Final Demand

Atlanta Fed Business Infltaion Expectations
BoE Gov Carney speaks @ Global Financial Crisis Conference hosted by US Nat'l Bureau of Economic Research (Massachussetts)
Bk of Canada MPC Meets, Monetary Policy Report, Rate Decision
US May Wholesale Inventories + Trade
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et Typically, big draw over holiday; last week July 4th)
BoC Press Conference w/Gov Poloz & Dpty Gov Wilkins
US Treasury Auctions $22B reopened 10-year Notes  (1pm et)
NY Fed's (new) Pres. Williams regional economic discussion in Brooklyn NY (4:30pm et)
    OVERNIGHT into US Thurs. a.m. et:
         New Zealand Jun Food Prices
         Singapore May Retail Sales
         China Foreign Direct Investment
         UK RICS Jun House Prices
         ECB Survey of Professional Forecasters
         Japan Tokyo Avg Jun Office Vacancies
         Aussie July Consumer Inflation Expectations
         Eurozone, French, German Italian Jun CPI, HICP
         BoE Credit Conditions & Bank Liabilities Surveys
         IEA Monthly Report

         China Outstanding Loan Growth
         South Africa May Mining & Gold + Manufacturing Production
         India May Industrial Production, Manufacturing Output, Jun CPI
         Eurogroup Meetings
         Eurozone May Industrial Production
         26th Arab Econonmic Forum (Beirut Lebanon to 13th)
         ECB Publishes Account of MPC Meeting
Thurs.      July 12 US June CPI
Brazil May Retail Sales
US weekly Jobless Claims, Jun Avg Weekly Earnings
June Chain Store Sales (few that still report)
Canada Jun Teranet/Nat'l Bank Home Price Index, New Housing Price Index
US Treas. Sec'y Mnuchin testifies at US House on State of  Int'l Financial System (10am et)
EIA weekly Natural Gas Report (10:30am et)
Fed's Harker keynotes @ Rocky Mountain Economic Seminar (Victor ID thru 13th)
US Treasury Auctions $14B reopened 30-year Bonds
US Treasury Budget & Refunding Announcement
Fed weekly Balance Sheet & US Money Supply
BoE's Cunliffe speaks @Cumbria Chamber of Commerce (Kendall UK)
Fed's Kashkari on Immigration @ Worthingon Int'l Festival Immigration Panel Discussion w/Q&A (8pm et)
    OVERNIGHT into US Fri. a.m. et:
        Singapore Q2 GDP
        China Jun Trade Balance (Imports/Exports)
        Riksbank publishes minutes from its monetary policy meeting
        German Jun Wholesale Price Index
        Spain Jun CPI, HICP
        Japan May Industria;l Production/Capacity Utilization
        Swiss June Producer & Import Prices
Friday,     July 13 US June Import/Export Prices
India RX Reserves & Trade Balance
Canada Jun Existing Home Sales
U.M. Prelim July Consumer Sentiment
Fed's Bostic Town Hall @ Northern VA Society of CPA +Q&A (Falls Church VA)
Baker-Hughes US/North American Rig Count (1pm et)
Saturday, July 14

         WEEKS AHEAD:  0
7/16   Trump & Putin Summit (Helsinki, Finland)
                                           07/26    ECB MPC Meets
                                           07/31    BoJ MPC Meets
                                                         FOMC 2-day Meeting Starts
                                           08/01    FOMC post-Meeting Statement
*FOMC 2018 Voting Members:  Chairperson Jerome Powell, as of 02/05/18, and ALL members of the FOMC Board of Governors are permanent voters: That includes Randall Quarles, & Lael Brainard, plus New York Fed Pres, currently William Dudley, who plans on retiring in 2018.:New, revolving Regional Fed Bank leaders who are voters for 2018: Atlanta Fed Pres. Raphael Bostic, new in August 2017 (replaced Dennis Lockhart), former McKinsey exec Thomas Barkin, who assumed the title of Pres of Richmond Fed on 01/01/18, plus veterans John Williams, who left San Francisco Fed to become Pres of NY Fed. That hole in the San Francisco Fed's hierarchy results in Esther George--a vrey vocal hawk--becoming a voting member of the FOMC. Cleveland Fed's Loretta Mester, another  very vocal hawk who wants rates raised at a quicker pace because she believes the Fed has, already, fallen behind the curve.  Richmond wound up with an opening, after Jeff Lacker resigned, in early April 2017, when it became known he'd leaked sensitive FOMC discussions to Medley Advisors. Richmond operated with an Interim Pres, Mark L Mullinix, while searching for a new leader. Dissenters at the Dec. 2017 Meeting, Neel Kashkari & Charles Evans, are no longer voters in 2018. Hawk Mester votes in 2018..
               * HICP used in Europe, means Harmonized Index of Consumer Prices