wall street in advance

February 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,    Feb. 11 Japan National Founding Day Holiday
    OVERNIGHT into US Mon. a.m. et:
         New Zealand Jan REINZ House Sales & Electronic Card Spending
         Aussie Dec Credit Card Purchases
         Swiss Jan CPI
         Singapore Dec Retail Sales
         French Jan CPI & HICP
         Swiss Jan CPI
         India Dec Industrial Production/Manufacturing Output + Jan CPI
Monday,   Feb.12 US Treasury Auctions $48B 3-, & $42B 6-month Bills
US Treasury Releases its Budget
Brazil Carnival Holiday
Japan Holiday
    OVERNIGHT into US Tues a.m. et:
         RBA's (Aussie) Ellis speaks (Sydney), NAB Business Conditions
         Japan Jan Domestic Corporate Goods Price Index  +PPI
         South Korea Jan Export & Import Price Index
         Swiss Jan Producer & Import Prices
         UK Jan CPI, Retail Price Index & Producer Price Index, Dec House Price Index
         South Africa 17Q4 Unemployment Rate
         French 17Q4 Non-Farm Payrolls
Tuesday,  Feb. 13 NFIB Small Business Optimism Index
Fed's Mester on Monetary Policy & Eco Outlook @Dayton Area Chamber of Commerce Gov't Affairs Breakfast  (OH)
Redbook weekly store sales snapshot
South Korea Jan Unemployment Rate
Holidays in Brazil & India
    OVERNIGHT into US Wed. a.m. et:
          Japan 17Q4 GDP/CapEx/Consumer Spending

          Singapore 17Q4 GDP
          India Jan WPI Food, Fuel, Inflation, Manufacturing Inflation
          New Zealand Reserve Bank 2-year Inflation Expectations
          Riksbank (Sweden) MPC Meets Followed by Press Conference & Monetary Policy Report (02/14 local time Stockholm)
          German 17Q4 GDP, Jan CPI & HICP
          Italy 17Q4 GDP
          Eurozone 17Q4 GDP, & Dec Industrial Production/Capacity Utilization
Wed.        Feb. 14 MBA weekly Mortgage/Refinance Applications
US Jan Retail Sales

Canada Teranet/National Bank Jan Home Price Index
Atlanta Fed Business Inflation Expectationgs
US Dec Wholesale & Retail Inventories
Brazil FX Flows
EIA weekly Petroleum/Gasoline/Distillates Report
Brazil Carnival Holiday still
    OVERNIGHT into US Thurs. a.m. et:
         Japan Dec Machinery Orders
         Aussie Jan Unemployment Rate/Change/Participation + RBA Jan Fx Trasactions & New Motor Vehicle Sales
         Singapore Jan Non-Oil Exports
         Japan Dec Industrial Production/Capacity Utilization
         EU-25 Jan New Car Registrations

         Eurozone Dec Trade Balance
         Lunar New Year Holiday Celebrated in South Korea, China & Hong Kong--the latter closes early at noon (02/15 local time)
         French 17Q4 Unemployment Rate
         Spanish Jan CPI & HICP
         Italy Dec Trade Balance
         Eurozone Dec Trade Balance
         French FinMin Le Mairea & IMF Chief Lagarde speak at Eurozone Reform Meeting (Paris)
        ECB's Mersch keynotes at "Rencontres du Club SEPA" (Paris
        ECB's Lautenschlager keynotes Dutch Banking Day 2018 (Amsterdam)
Thursday, Feb. 15 US weekly Jobless Claims
BoC Dpty Gov Schembri speaks (Winnipeg)
Canada ADP Jan Payrolls Report
Philly Fed Business Outlook Survey
US an PPI--Final Demand
Empire State NY Fed Manufacturing Survey
Jan Industrial Production/Capacity Utilization
NAHB Feb Housing Market Index

EIA Natural Gas Report
US Treasury Auctions $7B 30-year TIPS
BoC Dpty Gov Schembri speks
Treasury Refunding Announcement
Canada Jan Existing Home Sales
US weekly Fed Balance Sheet & Money Supply
    OVERNIGHT into US Fri. a.m. et:

         New Zealand Jan Manufacturing PMI + Jan Non-Resident Bond Holdings
         Singapore 17Q4 GDP
         UK Jan Retail Sales
         Germany Jan WPI
         ECB's Coeure keynotes Nat'l Bank of the Republic of Macedonia Reinventing Bretton Woods Cmte Int'l Conference (Skopje Macedonia)
Friday,     Feb. 16 Lunar Holiday in Hong Kong, Singapore, South Korea, China
Jan US Housing Starts/Building Permits
Canada Dec Manufacturers Sales + Dec TICs
US Import/Export Prices
U.M. Preliminary Feb. Consumer Sentiment
17Q4 eCommerce Consumer Sales
Baker-Hughes weekly US/North American Rig Count (1pm et)
   OVERNIGHT into US Sat. a.m. et:
         Singapore 17Q4 GDP
Saturday,  Feb. 17 Lunar New Year Holiday Continues in Asia
Sunday,    Feb. 18     OVERNIGHT into US Mon. a.m. et:
         Japan Jan Trade Balance (Exports/Imports), Nationwide Dept Store Sales
         UK Rightmove Feb House Prices
         Eurozone Dec Current Account & Dec Construction Output
         Japan Feb Tankan Index
Monday,   Feb. 19 President's Day Holiday, US Markets Closed Also closed, Canada, Hong Kong, China
    OVERNIGHT into US Tues a.m. et:
         New Zealand 17Q4 PPI
         RBA's Bullock speaks (Sydney)
         Japan Jan Supermarket Sales
         RBA (Aussie) February Meeting Minutes
         Swiss Jan Imports/Exports/Trade Balance
         Eurozone Dec Current Account
         Russian Jan. Unemployment Rate, PPI & Retail Sales
         Spain Trade Balance
         German Feb ZEW Survey of current situation & expectations + Sentiment
         UK CBI Feb Total Order Trends & Selling Price Trends
         Bundesbank's Dombret on "Now or Later? Completing the European Banking Union" (Geneva Suisse)
Tuesday,  Feb. 20 US Treasury Auctions $51B 3-, & $45B 6-month Bills (11:30am et)
Canada Dec Wholesale Trade Sales
Eurozone Feb Consumer Confidence
US Treasury Auctions $28B 2-year Notes & $55B 4-week Bills
China Still Closed for Lunar Holiday
    OVERNIGHT into US Wed. a.m. et:
          South Korea Jan PPI (bear in mind Olympics spending)
         Aussie 17Q4 Wage Price Index, Construction Work Done
         BoJ's Funo on 100 year anniversary of the Matsue Branch, Dec All Industry Activity Index
          Markit Feb Eurozone, France, Germany,  Manufacturing, Services, & Composite PMI
          South Africa Jan CPI
          UK Jan Jobless Claims, Claimant Count Change, ILO Dec Unemployment Rate
          UK Central Gov't Jan NCR & Public Finances
          EU FinMins meet
Wed.,       Feb. 21 MBA weekly Mortgage/Refinance Applications
Redbook weekly store sales snapshot
Fed's Harker speaks @Edward Jones Dean's Breakfast: The Economic Outlook in St. Louis w/Q&A (9am)
Markit Flash Composite PMI
US Jan Existing Home Sales
US Treasury Auctions $13B reopenmed 2-year FRN (Floating Rate 11:30am et)
US Treasury Auctions  $35B 5-year Notes (1pm et)
FOMC Releases Minutes of the Jan 30--31 MPC Meeting (2pm et)
China Still Celebrating Lunar New Year
    OVERNIGHT into US Thurs. a.m. et:
         Fed's Kashkari
participates in moderated Q&A (Minnesapolis MN 8:15pm)
          Canada CFIB Feb Business Barometer
          China Jan Swift Global Payments
          New Zealand Jan Credit Card Spending
          Swiss 17Q4 Industrial & Construction Output
          French, German, Italian, Jan CPI, HICP
          Hong Kong Jan Unemployment Rate & CPI
          Italian Dec Industrial New Orderws & Sales
          German Feb IFO Current Assessment & Expectations
         UK 17Q4 GDP + Total Business Investment, Private Consumption, Total Business Investment, Gross Fixed Capital Formation, Exports/Imports, Gov't Spending, Dec Index of Services
          BoE Publishes Account of Monetary Policy Meeting
Thursday, Feb. 22 Russia Central Bank Reserves
US weekly Jobless Claims
Fed's Dudley speaks at the Fed Reserve Bk of NY Economic Press Briefing on Puerto Rico & the US Virgin Islands (NY 10am)
Canada Dec Retail Sales, 17Q4 Corporate Profits
EIA weekly Natural Gas Report (10:30am w/e 02/16/18)
K.C. Fed Manufacturing Index
EIA weekly Petroleum/Gasoline/Distillates Report (11am et holiday delayed)
Fed's Bostic speaks @2018 Banking Outlook Conference w/Q&A (Atlanta GA noon)
US Treasury Auctions $29B 7-year Notes (the longer the term, the weaker demand, of late)
US weekly Fed Balance Sheet & Money Supply (Evidence of Fed Balance Sheet shrinking should start becoming more evident soon)
    OVERNIGHT into US Fri. a.m. et:
         New Zealand 17Q4 Retail Sales & Retail Sales ex-Inflation
         Japan Jan CPI, Corporate Service Price
         Spain Jan CPI & PPI
         German 17Q4 GDP, Private Consumption, Gov't Spending, Capital Investment, Domestic Demand, Exports/Imports
         Eurozone Jan CPI
         Canada Jan CPI
Friday,      Feb.23 Fed's Dudley on Fed's Balance Sheet Unwind at Univ of Chicago Booth School of Business/NY Fed Reserve 2018 US Monetary Policy Forum Annual Conference (NY 10:15am) Speaking later, Eric Rosengren, Paul Krugman, Sir Olivier Blanchard, Benoit Coeure, Fed's George, MS' David Greenlaw & BAC/MER's Ethan Harris
Canada Jan CPI
Baker-Hughes weekly US/North American Rig Count (1pm et)
Fed's Mester on "A Review of the Obectives for Monetary Policy" panel at US Monetary Policy Forum (1:30pm et)
Fed's Williams speaks on "Outlook on the Economy & Implications for Monetary Policy w/Q&A (Los Angeles 3:40pm)
Saturday,  Feb 24 Aussie Jan Skilled Vacancies
China Jan Property/House Prices

         WEEKS AHEAD: 0
3/06     RBA (Aussie) MPC Meets
                                         03/07     BoC (Canada) MPC Meets
                                         03/08     ECB MPC Meets
                                         03/09     BoJ MPC Meets
                                          03/21    FOMC Meets
                                         03/22     BoE MPC Meets

*FOMC 2018 Revolving Voting Members:  Chairperson Jerome Powell, as of 02/05/18, and ALL members of the FOMC Board of Governors are permanent voters: Tthat will include 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 bear 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. Raphael Bostic replaced Dennis Lockhart at the Atlanta Fed, when Lockhart left. Dissenters at the Dec. 2017 Meeting, Neel Kashkari & Charles Evans, are no longer voters in 2018. Hawk Mester votes in 2018..