wall street in advance

August 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,   Aug  12     OVERNIGHT into US Mon. a.m. et:
         German Jul Wholesale Price Index
         French Jun Trade Balance
         Singapore Q2 GDP
         India Jun Industrial Production/.Manufacturing Output, Jul CPI
         OPEC Monthly Report
Monday,  Aug. 13 US Treasury Auctions $51B 3-, & $45B 6-month Bills
    OVERNIGHT into US Tues. a.m. et:
         Aussie NAB Jul Business Conditions Survey
        China Jul Jobless Rate, Retail Sales, Industrial Production, Fixed Assets, Jun (F) Industrial Production/Capacity Utilization
        South Korea Jul Import/Export Price Index
        French Q2 Unemployment Rate
        German Q2 (P) GDP, July CPI, HICP
        India WPI Jul Food, Fuel, Inlfation, Manufacturing Inflation
        French, Spanish Jul CPI, HICP
        Swiss Jul Producer & Import Prices
        UK Jul Claimant Count/Change, Avg Wkly Earnings, ILO 3-month Unemployment Rate/Change
        German ZEW Aug Economic Sentiment
        South Africa Jun Gold & Mining Production
        India Trade Balance
        Eurozone Jun Industrial Production, Q2 (P) GDP, ZEW Aug Survey
        Eurogroup Meetings

Tuesday,  Aug 14 NFIB Small Business Optimism Index
Canada Teranet/National Bank Jul Home Price Index
US Import/Export Prices
Redbook weekly store sales snapshot
US Treasury Auctions $26B 52-week bills
NY Fed Releases 18Q2 Household Debt & Credit Report
    OVERNIGHT into US Wed. am. et:

         Aussie Q2 Wage Price Index, Westpac Aug Consumer Confidence
         China Jul New Home Prices
         UK Jul CPIH, CPI, Retail Price Index, PPI, Jun House Price Index
Wed.        Aug 15 MBA weekly Mortgage/Refinance Applications
US July Retail Sales
US Q2 Unit Labor Costs (P)
Empire State Aug Manufacturing Survey
Canada Jul Existing Home Sales
US Q2 Productivity & Costs
July US Industrial Production/Capacity Utilization
Atlanta Fed Business Inflation Expectations
US June Business Inventories
NAHB Aug. Housing Market Index
EIA weekly Petroleum/Gasoline/Distillates Report
(w/e 08/11)
Holidays in India, Italy & South Korea
    OVERNIGHT into US Thurs. a.m. et;
         Japan Jul Trade Balance + Foreign Investments in Japan & Vice Versa
         South Africa Jun Retail Sales
          RBA (Aussie) Ellis speaks (Canberra), & Jul  Unemployment Rate/ Participation/Full-Time/Part-Time, Jul Foreign Exchange Transactions
         New Zealand non-resident Bond Holdings
         Norges (Norway) Bank MPC Meeting Decision (08/16 local time)
         UK Jul Retail Sales
         Eurozone Jun Trade Balaance
Thursday, Aug 16 July Housing Starts/Building Permits
Canada ADP July Payrolls Report,
Jun Manufacturers Sales
US weekly Jobless Claims
Philly Fed Business Outlook Survey
EIA weekly Natural Gas Report
Fed weekly Balance Sheet + Money Supply (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
         RBA Gov Lowe Semiannual Testimony
         Japan Reuters Aug Tankan Index

         Singapore Jul Trade Balance
         China Jul Net Fx settlement
         Hong Kong Jul Unemployment Rate
         India Bank Loan & Deposit Growth, Fx Reserves
         Japan Jul Nationwide & Tokyo Dept Store Sales, BoJ Outright Bond Purchases
         Eurozone Jun Current Account, Jul CPI
Friday,     Aug 17 Canada Jun Int'l Securities Transactions, Jul CPI
Russia Retail Sales & PPI
U.M. (Prelim) Aug Consumer Sentiment
US Q2 eCommerce Sales
Baker-Hughes weekly US/North American Rig Count (1pm et)
Saturday, Aug 18 German Chancellor Merkel & Russia's Putin meet in Germany (6pm local time)
Sunday,    Aug 19     OVERNIGHT into US Mon. a.m. et:
        UK CBI Aug Selling & Order Trends + Rightmove Aug House Prices
        German Jul PPI
        Russia monthly GDP
        Eurozone Jun Construction Output
        Central Bank Research (CEBRA) Ass'n Annual Meeting BoC Dpty Gov Wilkins panelist  (Frankfurt thru 21st)
Monday,  Aug 20 Fed's Bostic fireside chat On Eco Outlook  @ Bristol Chamber of Commerce (Kingsport TN 11am)
US Treasury Auctions $51B 3-month & $45B 6-month Bills (11:30am et)
    OVERNIGHT into US Tues. a.m. et:
         South Korea Jul PPI
         RBA's Aug 7th Meeting Minutes &   Debelle speaks (Brisbane), NAB Biz Confidence
         New Zealand Jul Credit Card Spending, + Migration & Visitors
         Japan Jul Supermarket Sales
         Swiss Jul Trade Balance + Watch Exports
         UK Jul Public Finances, Central Gov't NCR, Public Sector Borrowing,
CBI Aug Trends
         Canada Jun Wholesale Trade
Tuesday,  Aug 21 Redbook weekly chain store sales snapshot
IRS Nationwide Tax Forum (Chicago thru 23rd)
    OVERNIGHT into US Wed. a.m. et:
         New Zealand Q2 Retail Sales, Dairy Trade Price Index 
         RBA's Boulton Speaks (Sydney), Jul Skilled Vacancies
         BoJ Bond Purchases + All Industry Activity Index
         South Africa Jul CPI
         Australia Q2 Construction Work Done
         UK Inflation Report Hearings
Wed.,       Aug 22 MBA weekly Mortgage/Refinance Applications
Canada Jun Retail Sales
US July Existing Home Sales
EIA weekly Petroleum/Gasoline/Distillates Report
(w/e 08/17  10:30am et)
Brazil FX Flows
FOMC Aug 1st Meeting Minutes (2pm et)
Holidays in Singapore & India
    OVERNIGHT into US Thurs. a.m. et:
         UK CBI Aug Reported Sales
         Japan Nikkei Aug PMI Manufacturing, Foreign Investments in Japan
         French Aug Business Survey, Q3 Industrial Investments
         Swiss Industrial Orders
         Markit Eurozone, French, German, Aug Manufacturing/Services/Composite PMI
         ECB Publishes Account of Monetary Policy Meeting
Thurs.       Aug 23 US weekly Jobless Claims
FHFA June/Q2 House Price Index
US Markit Aug Manufacturing, Services, + Composite Flash PMI
US July New Home Sales
Canada Q2 Corporate Prices
EIA weekly Natural Gas Report (w/e 08/17)
K.C. Fed Aug Manufacturing Index
K.C. Fed's Annual Jackson Hole Economic Symposium:"Changing Market Structure and Implications for Monetary Policy"  (thru 25th)
US Treasury Refunding Announcement
US Treasury Auctions Reopened $14B 5-year TIPS
Fed weekly Balance Sheet + US Money Supply (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
         New Zealand Jul Trade Balance
         Japan Jul CPI
         Singapore Q2 GDP, Jul Industrial Production
         German Q2 GDP, Private Consumption, Gov't Spending, Capital & Construction Investment, Jul Import Price Index
         Spain PPI
         Riksbank 1st Dpty Gov Jochnick on role of central bk money on tomorrow's payment market (6:30 gmt)
         UK Jul BBA Loans for House Purchase & Gross Mortgage Approvals
         Brazil Federal Tax Revenue
         India FX Reserves
Friday,      Aug 24 July US Durable Goods Orders/Shipments
FOMC Chief Jerome Powell on "Monetary Policy in a Changing Economy" (10am et)
Mexico Q2 GDP (F)
Baker-Hughes weekly US//North American Rig Count (1pm et)  
Saturday, Aug 25 K.C. Fed Jackson Hole Conference Finishing Up, with BoC Gov Poloz a panelist (Agenda finally released)
CMS Final 2019 Reimbursement Plans usually announced around now

         WEEKS AHEAD:    09/09   Swedish General Election

                                           09/13   ECB MPC Meets
                                                       BoE MPC Meets
                                   09/25--26   FOMC Meets, Updates Forecasts, Press Conference to Follow
*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 John Williams (Formerly of the San Francisco Fed) who replaced William Dudley, who retired from the bank on June 15, 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 San Francisco Fed, currently without a leader, since Williams left for NY. The hole in the San Francisco Fed's hierarchy results in Esther George--a vrey vocal hawk--becoming a voting member of the FOMC, bolstering hawkish positions voiced by Cleveland Fed's voter, Loretta Mester, 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 (unintentionally) 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.
               * HICP used in Europe, means Harmonized Index of Consumer Prices