wall street in advance

May/June 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,    June 03     OVERNIGHT into US Mon. a.m. et:
        Japan Monetary Base end of May
        Aussie Q1 Business Inventories, Corporate Operating Profits, ANZ May Job Ads +April Retail Sales, HIA New Home Sales
         UK Markit/CIPS UK May Construction PMI
         Eurozone June Sentix Investor Confidence, April PPI
         Singapore May Manufacturing PMI
         Spain Unemployment/Change
Monday,  June 04 US May Factory Orders
US April Final Durable Goods Orders/Shipments
US Treasury Auctions $48B 3-, & $42B 6-month Bills  (That's it aside from 4-wk)
TD Ameritrade IMX (12:30pm et)
New Zealand Holiday Celebrates Queen's Birthday
    OVERNIGHT into US Tues. a.m. et:
         Aussie AiG May Performance of Services & CBA May PMI Services+ Composite Indices
         UK May BRC Like-for-Like Sales
         South Korea April Current Account
         Japan April Overall Household Spending, Nikkei May Services & Composite PMI
         Aussie Q1 Current Account Balance
         Caixan China May Services & Composite PMI
         Hong Kong May Manufacturing PMI
         RBA (Aussie) MPC Interest Rate Decision, & Cash Rate Target (06/05 local time)
         India May Nikkei Services PMI
         Russia May Markit Services PMI
         Markit Eurozone, France, Italy, Spain & Germany May Services & Composite PMI
         French Gov't April Budget Balance
         South Africa Standard Bank May PMI & Q1 GDP
         UK May New Car Registrations, May Markit/CIPS Services & Composite PMI
         Eurozonme April Retail Sales
         Canada Q1 Labor Productivity
Tuesday,  June 05 Brazil April Industrial Production & Markit May Services + Composite PMI
ECB Chief Draghi & Jean-Claude Trichet meet for talks on 20th ECB Anniversary
Redbook weekly store sales snapshot
Canada Q1 LaborProductivity
US PMI May Services Index
US ISM May non-Manufacturing Index
Russia CPI
    OVERNIGHT into US Wed. a.m. et:
         New Zealand Q1 Volume of All Buildings, ANZ May Job Ads & Commodity Prices
         Japan April Labor Cash Earnings
         Aussie Q1 GDP
         Spain April Industrial Production 
         Swiss May CPI
         India Interest Rate Decision, Reverse REPO Rate, & Cash Reserve Ratio
         Markit Eurozone German, French, Italian May Retail PMI
         ECB Supervisory Bd Member Angeloni a panelist discussing "Completing the Banking Union," organized by the Ass'n of German Public Banks (Brussels Belgium)
         BoE MPC member McCafferty Q&A session on LBC radio
         ECB Supervisory Bd member Hakkarainen keynotes "The Digitalisation of Banking--Supervision Implications" @Lisbon Research Centre on Regulation & Supervision of the Financial Sector (CIRSF Lisbon, Portugal)
         ECB's Praet keynotes "Int'l Congress of Actuaries 2018" (Berlin Germany)
Wed.        June 06 MBA weekly Mortgage Applications
Canada April Int'l Trade Value/Balance, Building Permits + Ivey May PMI
US April International Trade Deficit + Revisions to Prior
US 18Q1 Productivity & Costs
EIA weekly Petroleum/Gasoline/Distillates Report (w/e June 1)
Brazil Fx Flows
    OVERNIGHT into US Thurs. a.m. et:
         China May Fx Reserves
         Hong Kong May Fx Reserves
         Aussie April Trade Balance & Fx Reserves
         Swiss May Unemployment Rate + May Fx Reserves
         South Africa May Fx Reserves & April Manufacturing Production
         French April Trade Balance
         Italian April Retail Sales
         German April Factory Orders
         UK Halifax May House Price Index + RICS House Price Balance
         Eurozone Q1 GDP, Fixed Gross Capital, Gov't Expenditures, Household Consumption 
          BoE MPC Ramsden speaks (London)
          1st Dpty Gov Jochnick on SAB's Financial Day offers his impression of the economic situation n Sweden & the rest of the world
Thursday, June 07 US May Chain Store Sales (all 9 still reporting)
US weekly Jobless Claims
Russia Central Bank Reservces
US Qtrly Services Survey
BoC Gov Poloz & Dpty Wilkins Press Conference to discuss the (Canada) Financial System Review
EIA weekly Natural Gas Report
US Refunding Announcement
US April Consumer Credit (3pm et;  Debt really)
US weekly Fed Balance Sheet & Money Supply
    OVERNIGHT into US Fri. a.m. et:
         Japan April Current Account Balance, April Trade Balance, Q1 GDP, Business Spending, May Bank Lending, May Bankruptcies
         China March  Trade Balance, May Foreign Direct Investment,
         German Manpower Q3 Employment Outlook, April Trade Balance, April Current Account, Industrial Production
         French April Industrial Production
         Eurozone Q1 Labor Costs
         BoE/TNS May Inflation over next 12 Months
         UK NIESR GDP Estimate, April Industrial & Manufacturing Production
         India Fx Reserves & Bank Deposit + Loan Growth
         Brazil May CPI
         ECB's Mersch Keynotes International Risk Management Conference (Paris FR)
         Canada Q1 Capacity Utilization, May Unemployment Rate/Change/Participation,  Housing Starts
Friday,     June 08 US April Wholesale Inventories & Sales  (10am et)
G7 Heads of Countries Summit hosted by Canadian PM Trudeau (thru 9th Quebec)
Baker-Hughes weekly US/North American Rig Count
German Chanceller Merkel meets with IMF, WTO, OECD, World Bank followed by
Joint Press conference (Berlin)
Saturday, June 09 G7 Heads of State Meeting Wraps (Quebec Canada)
China May CPI & PPI

Russia Trade Balance
Sunday,  June 10     OVERNIGHT into US Mon. a.m. et:
        China May Money Supply, New Yuan Loans
        German May Wholesale Price Index
        New Zealand Q1 Manufacturing Activity
        Japan April Machine Orders & Tool Orders
        UK May NIESR GDP Estimate, April Manufacturing & Industrial Production, Construction Output
Monday, June 11 US Treasury Auctions $48B 3- & $42B 6-month Bills (11:03am et)
US Treasury Auctions $32B 3-yr & $22B reopened 10-year Notes (1pm et)
    OVERNIGHT into US Tues. a.m. et:
         New Zealand May Retail Card Spending, ANZ May Heavy Truckometer
         Japan Q2 BSI Large All Industry & Large Manufacturing, May Domestic Corporate Goods Price Index
         China Q3 Manpower Survey
         Aussie Q3 & New Zealand Q3 Manpower Surveys
         Aussie NAB May Business Confidence, April Home Loans & Investment Lending, Value of All April Loans
         Japan April Tertiary Industry Index
         UK May Jobless Claims, ILO Unemployment Rate/Change, Apr. weekly Earnings
         German June ZEW Survey Current Situation/Expectations/Sentiment
         Pres. Trump in Singapore for Negotiations with No. Korea's Kim Jung-un on Denuclearization
Tuesday, June 12 FOMC 2-day Meeting Starts
NFIB Small Business Optimism Index (6am)
US May CPI  (8:30am et)
Redbook weekly store sales snapshot
US Treasury Auctions $14B reopened 30-year Bond (1pm et)
US May Treasury Budget Statement (Deficit or Surplus?  2pm et)
Expected Court Decision on AT&T's (T) Merger with Time Warner (TWX)
    OVERNIGHT into US Wed. a.m. et:
         Aussie Westpac June Consumer Confidence Index, ANZ Roy Morgan wkly Consumer Confidence Index
         Swiss Q1 Industry & Construction Output, May Producer & Import Prices
         UK May CPI, RPI (Retail Price), PPI, April House Price Index (HPI)
         Eurozone Q1 Employment, April Industrial Production
         Bank of Iceland Releases Monetary Policy Statement
Wed.,      June 13 MBA weekly Mortgage/Refinance Applications (rates dipped last week)
US May PPI-Final Demand
Atlanta Fed Business Inflation Expectations
Canadiana Teranet/National Bank May Home Price Index
EIA weekly Petroleum/Gasoline/Distillate Status (w/e  06/08)
Former FOMC Chief Yellen fireside chat @ Stifel Cross Sector Insight (Boston)
FOMC post-Meeting Statement on Interest Rates +Updated Member Forecasts (SEP) (2pm et)
FOMC Chief Powell's 2nd post-Meeting Press Conference (2:30pm)
    OVERNIGHT into US Thurs. a.m. et:
       UK RICS May House Price Balance

       Aussie May Unemployment Rate/Change/Participation
       China May Jobless Rate, Retail Sales, Industrial Production, Fixed Assets
       Japan April (F) Industrial Production/Capacity Utilization
       German May CPI
       UK Retail Sales
       French FinMin le Maire inaugurates new Hdqtr of Privacy-Focused Search Engine Qwant (06/14 local time)
       Norges Dpty Gov Matsen speaks at Nordea Seminar
       ECB MPC Provides Rate Decision, Economic Forecast & QE Intentions +
       ECB Chief Draghi post-Meeting Press Conference
(06/14 local time)
Thursday, Jun 14 US weekly Jobless Applications
Canada April New Housing Price Index
US May Retail Sales
US Import/Export Prices
US Business (Wholesale & Retailer) Inventories (10am et)
DoJ Inspector General (Expected) to Unveil Results of Investigation of DoJ & FBI into Hillary Clinton's Private Email Server in run-up to 2016 Elections
EIA weekly Natural Gas Report (10:30am et  w/e 06/08)
US Treasury Refunding Announcement for 52-week Bills & 30-yr TIPS
Fed weekly Balance Sheet + US Money Supply (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
         New Zealand May Business & Manufacturing PMI
         BoJ MPC Rate & QE Decision (06/15 local time)
         China May New Home Prices
         EU 25 May New Car Registrations
         Swiss KOF Institute Summer Economic Forecast
         Eurozone April Trade Balance, May CPI, Q1 Labor Costs
Friday,     June 15 Canada April International Transactions & Manufacturing Sales, May Existing Home Sales
Empire State--NY Fed Manufacturing Survey
US May Industrial Production/Capacity Utilization
U.M. (P) June Consumer Sentiment/Expectations (10am et)
White House Expected to Name the Chinese Products Subject to New Tariffs
Baker-Hughes weekly Rig Count (w/e  06/08)
US Quadruple Witch--Options & Futures Expire
NASDAQ 100 Annual Reconstitution on close

Russell Updates Indices Reconstitution
Saturday, June 16

         WEEKS AHEAD: 06/
21    BoE MPC Meets
                                                      SNB MPC Meets
                                                       Norges Bank MPC Meets
                                                      Bk of Mexico MPC Meets
*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 became Pres of the San Francisco Fed after Janet Yellen became Fed Chairperson, and Cleveland Fed's Loretta Mester, a 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