wall street in advance

May 2018 Economic Statistics
and Other Economic Influences
TUESDAYS:
                Weekly Chain Store Sales*
                 Average Hourly Earnings*
                 API Weekly Gas/Oil Stockpiles Report*  ** (4:30p.m.)
    WEDNESDAYS:
                 Mortgage Applications  Data
                 EIA Weekly Report on Gas & Oil Stockpiles* (10a.m.)
    THURSDAYS:
                 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,    May 06 BoJ releases Minutes of its March 08--09 Meeting
Fed Gov Quarles speaks at Atlanta Fed's "23rd Annual Financial Markets Conference on :Machines Learning Finance" (7pm et  Amelia Island FL )
    OVERNIGHT into US Mon.a.m. et:
        China April FX Reserves
        Aussie April NAB Business Conditions Survey
        German March Factory Orders + April FX Reserves
        Russia April Markit Services PMI
        Hong Kong April FX Reserves
        Singapore April FX Reserves
        Eurozone May Sentix Investor Confidence
        Swiss April CPI
        Markit German April Construction PMI
        MBA (US) Q1 Mortgage Foreclosures & Delinquencies (Fannie says down)
        Markit, Eurozone, French, German April Retail PMI
Monday,  May 07 US Treasury Auctions $48B 3-, & $42B 6-month Bills
TD Ameritrade IMX
Fed's Barkin speaks @George Mason Univ w/Q&A (2pm Fairfax VA)
US March Consumer Credit  (Debt, really, 3pm)
BoC (Canada) Lane panelist (Portugal)
Brazil April Auto Production & Sales
Fed's Kaplan on "Learning about an ML-Driven Economy" + Fed's Bostic, Fed's Harker, Fed's Evans, & Vince Reinhart on "Machines Learning Finance: Will they change the Game?" @ Atlanta Fed's 23rd Financial Markets Conference on "Machines Learning Finance" (Amelia Island FL) (www.frbatlanta.org/news/conferences-and-events/conferences/2018/
South Korea & UK Holidays
    OVERNIGHT into US Tues. a.m.
        RBA (Aussie) Boge speaks (Sydney)
        Japan March Household Spending
        China April Trade Balance (Exports/Imports), Foreign Direct Investment
        Aussie March & Q1 Retail Sales
        Japan 10-year JGB Auction
        Swiss April Unemployment Rate, & Q1 UBS Real Estate Bubble Index
        South Africa April FX Reserves
        Riksbank publishes Minutes of its Monetary Policy Meeting (Stockholm)
        German March Trade Balance, Current Account, Industrial Production
        UK Halifax April House Prices
       EU Economic Forecasts
        Canada April Housing Starts           
Tuesday, May 08 NFIB Small Business Optimism Index
Canada April Housing Starts
Redbook weekly store sales snapshot
Fed's JOLTS
US Auctions 4-week bills (11:30am et) & Auctions $31B 3-year Notes (1pm et)
IMF's Tao Zhang speaks at Atlanta Fed FinMarkets Conference
     OVERNIGHT into US Wed a.m.
          New Zealand April Retail Spending/Card Spending, REINZ House Sales
          China Trade Balance 
          UK BRC Like for Like April Sales
          Japan Mar. Labor Cash Earnings, Real Cash Earnngs, April FX Reserves
          French & Spanish March Industrial Production
          Italy Mar Retail Sales
          German 30-year Bund Auction
          UK 10-year Treasury Gilt Auction
Wed.       May 09 MBA weekly Mortgage/Refinance Applications
Canada Mar Building Permits
US April PPI-FD
US March Wholesale Trade
EIA weekly Petroleum/Gasoline/Distillate Status
US Treasury Auctions $25B 10-year Notes (1pm et, a tenor that's had trouble of late)
Canada March Building Permits 
Brazil FX Flows
Fed's Bostic speaks @World Affairs Council w/Q&A (1:15pm Jacksonville FL)
Russia Holiday
    OVERNIGHT into US Thurs. a.m. et:
         RBNZ (New Zealand) MPC Policy Statement, Official Cash Interest Rate
         RBNZ post-Meeting Press Conference
         BoC (Canada)'s Dinish speaks on Cyber Security
        UK RICS April House Price Balance
         Japan March Current Account & Trade Balance +April Bank Lending
         BoJ Summary of Opinions from April 26--27 MPC Meeting  (Tokyo)
         China April Aggregate Financing, Money Supply, New Yuan Loans
         German April Wholesale Price Index
         China April PPI & CPI
        ECB Publishes Economic Bulletin 
         UK Mar. Trade Balance, Industrial & Manufacturing Production, Construction Output
         South Africa March Mining & Gold Production
         BoE Monetary Policy Statement,   Asset Purchase Target, Inflation Report, QE Total
         UK April NIESR GDP
         Brazil April CPI
Thursday, May 10 US April CPI
Canada March New Housing Price Index + BoC Review
US weekly Jobless Applications
EIA weekly Natural Gas Report
US Treasury Auctions $17B 30-year Bonds
Treasury Refunding Announcement
US Treasury Budget (2pm et)
US Fed Balance Sheet + Money Supply (4:30pm et)
Swiss Holiday
    OVERNIGHT into US Fri. a.m. et:
         New Zealand April Business Manufacturing PMI, Food Prices
         Aussie March Home Loans, Investment Lending, Value of Loans
         Singapore March Retail Sales
         Spain April CPI, HICP
         Hong Kong Q1 GDP
         India Bank Loan & Deposit Growth, FX Reserves, Mar. Industrial Production, & Manufacturing Output
        ECB's draghi speaks @8th edition of the State of the Union organized by EUI (Florence Italy-05/11 local time)
Friday,     May 11 Brazil March Retail Sales
US April Import/ Export Prices
Canada April Unemployment Rate/change/Earnings/Participation
BoC's Wilkins speaks at Women's Forum Canada
Fed's Bullard speaks wQ&A @ Springfield Business Development Corp Meeting
Russia March Trade Balance
U.M. May PreliminaryConsumer Sentiment
Baker-Hughes Rig Count (1pm et)
Saturday, May 12
Sunday,    May 13
    OVERNIGHT into US Mon. a.m. et:
         Japan April Corporate Goods Price Index, Mar.Loans & Discounts
         German April Wholesale Price Index
         Aussie Mar Credit Card Purchases/Balances
         Japan April Machine Tool Orders
         ECB's Coeure honors Charles Wyplosz @ICMB Geneva Conference (Geneva)
         ECB's Lautenscchlager speaks @Danmarks Nationalbank Confererence (Copenhagen)
         BoE Gov Carney & ECB's Praet speaking @BoE's Gender & Career Progression Conference (London)
         Fed's Mester (hawk) speaks at GIC "Central Banking Series with Banque de France" (2:45am et)
         Norjes Chief Olsen @Parliamentary hearing before Standing Cmte on Finance & Eco Affairs of the Storting (Oslo)
        
Monday,  May 14 Canada Teranet/National Bank April Home Price Index
US Treasury Auctions $48B 3-, & $42 B 6-month Bills
Fed's Bullard presentation @ CoinDesk's Consensus 2018 (9:40am et NY)
    OVERNIGHT into US Tues. am. et
         RBA's (Aussie) Debelle speaks (Sydney)
         RBA May Meeting Minutes + Debelle speaks to HK forum via Video Link
         China April Retail Sales, Industrial Production, Fixed Assets
         German 18Q1 GDP + May ZEW Survey of Current Situation & Expectations
         Swiss April Producer & Import Prices
         UK Mar. ILO Unemployment Rate/Change/Weekly Earnings +April Jobless Apps
         Eurozone  Q1 GDP & Mar Industrial Production
Tuesday,  May 15 US April Retail Sales
Canada April Existing Home sales
Empire State NY Fed Manufacturing Survey
US Senate Banking Cmte hearings on nominations to the Federal Reserve Bank Board of Governors of Richard Clarida & Michell Bowman
Redbook weekly store sales snapshot
US Manufacturers', Distributors, & Retail Inventories
NAHB May Housing Market Index
Fed's Williams speaks at Economic Club of Minnesota w/Q&A (1:10pm MN)
US TICS
    OVERNIGHT into US Wed. a.m. et:
         Japan Q1 (P) GDP, Private Consumption, + Business Spsending
         Aussie Q1 Wage Price Index + May Consumer Confidence
         China April New Home Prices
         Japan March Industrial Production/Capacity Utilization
         Bank of Iceland Announces Interest Rate Decision (Reykjaavik)
         Eurozone & German  April CPI
         BoE/ESCoE/ONS Conference on Economic Measurement (05/16-thru 17) 
         ECB's Draghi & Praet deliver remarks at ECB Conference honoring departure of  ECB V.P. Constancio (Frankfurt)
         Bk of Finland member Nykanen comments on Finland's financial stability
Wed.,       May 16 MBA weekly Mortgage/Refinance Applications
Canada March Manufacturing Sales
US April Housing Starts/Building Permits
Fed's Bostic Economic Update w/Q&A (8:30am et Augusta GA)
US April Industrial Production/Capacity Utilization (9:15am)
Atlanta Fed Business Inflation Expectations (10am)
EIA weekly Petroleum/Gasoline/Distillates Report (w/e 05/10)
BoC's Schembri speaks at CFA Society of Ottowa Economics Ass'n (Ottawa)
Fed's Bullard opens the Homer Jones Memorial Lecture (St Louis MO 6:30pm)
    OVERNIGHT into US Thurs. a.m.et:
         New Zealand Q1 PPI Output/Input
         Japan Q1 Housing Loans, Mar. Machine Orders, April Dept Store Sales
         Aussie April Unemployment Rate/Change/Participation+May Consumer Inflation Expectedd & RBA April FX Transactions
         EU 25 April New Car Registrations
         ECB's (outgoing) VP Constancio, ECB's Laeven, and Irish CB Chief Lane + Peterson Institute's Adam Posen @ECB's 3rd Annual Macroprudential Policy & Research Conference (Frankfurt, 05/17 local time)
        ECB's Chief Economist, Haldane closes BoE/ESCoE/ONS Conference (5/17 local time)
  
Thursday, May 17 US weekly Jobless Applications
Canada March Int'l Securities Transactions+ADP April Private Payrolls Report
Philly Fed May Business Outlook Survey (8:30am)
18Q1 US E-Commerce Sales
EIA weekly Natural Gas Report
Fed's Kaplan speaks @Richardson Chamber of Commerce Annual Mtg (TX)
Fed's Kashkari w/Q&A Q&A w/Exec Dir.of MN Home Ownership Center (10:45am)
US Treasury Auctions $11B reopened 10-year TIPS
Bk of Mexico MPC  Rate Decision
US Treasury Refunding Announcement
Fed weekly Balance Sheet & US Money Supply (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
         Japan April CPI
         China April FX Net Settlement
         German April PPI
         Eurozone Mar. Current Account & Trade Balance
         Fed's Mester Keynotes 2nd Day of 3rd Annual ECB Macroprudential Policy & Research Conference on 'The Limits & Overlaps of Macroprudential & Monetary Policy' (3:45am et 05/18 local time, Frankfurt Germany)
Friday,      May 18 Canada April Retail Sales + CPI
Baker-Hughes US/North American Rig Count (1pm et)
Saturday,  May 19 UK's Prince Harry Marries US' (Rachel) Meghan Markel (coverage starts 7am et)
UK CBI May Selling & Order Trends

         WEEKS AHEAD:  05/30   BoC (Canada) MPC Meets
                                  06/12--13  FOMC Meets
                                         06/13    FOMC post-Meeting Statement Released + Updated SEP s(rate hike expected)
                                                     FOMC Chief Powell's 2nd post-Meeting Press Conferernce
                                         06/14    ECB MPC Meets
                                         06/15    BoJ MPC Meets
                                         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..