wall street in advance

September 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,   Sept 09 Sweden General Elections
Monday,  Sept 10 Conference Board's Aug Employment Trends Index
Fed's Bostic fireside chat @ Albany Chamber of Commerce w/Q&A (Albany GA 11:30am et)
US Treasury Auctions $48B 3-, & $42B 6-month Bills
TD Ameritrade IMX (12:30pm et)
US July Consumer Credit (3pm et Debt, really)
    OVERNIGHT into US Tues. a.m. et:
         New Zealand Aug Card Spending, Q4 Manpower Survey
         Riksbank Dpty Gov Jochnick discusses monetary policy @PwC event (Sstockholm)
         Riksbank Gov Ingves discusses current monetary policy at GS event (London)
         Aussie Q4 Manpower Survey, NAB Aug Business Survey/Confidence
         French Q2 Non-Farm Payrolls
         German ZEW Economic Sentiment/Current Conditions & Q4 Manpower Employment Outlook
         Japan Jul Tertiary Industry Index
         UK Jul ILO Unemployment Rate/Change, Aug Jobless Claims/Count
         South Africa Jul Manufacturing Production
         China Manpower Q4 Survey
         Canada Aug Housing Starts
Tuesday, Sept 11 NFIB Sept Small Business Optimism Index
Mexico Jul Industrial Production NSA
Redbook weekly store sales snapshot
US Jul (F) Wholesale Trade/+ Inventories
US Auctions 4-, and $26B 52 week Bills (11:30am et)
US Treasury Auctions $35B 3-year Notes (1pm et)
    OVERNIGHT into US Wed. a.m. et:
         South Korea Aug Unemployment Rate + Jul M2
         Singapore Jul Retail Sales
         RBA's Halloway speaks (Sydney), Westpac Sept Consumer Confidence
         Japan BSI Q3 Large Manufacturing & All Industry Activity
         Spain Aug CPI & HICP
         Italian Q2 Unemployment Rate, Jul Industrial Production
         RBA's Thompson speaks (Sydney)
         Eurozone Q2 Unemployment Rate/Change, Jul Industrial Production         
         Riksbank Gov Ingves @ Conf on Financial Regulations Post Brexit arranged by Centre for Philosophy of Natural & Social Science and the Financial Markets Group of the London School of Economics (London)
Wed.       Sept 12 MBA weekly Mortgage/Refinance Applications
India Jul Industrial Production/Capacity Utilization, Aug CPI, M3 Money Supply
South Africa Jul Retail Sales
US Aug PPI-Final Demand
OPEC Monthly Report

Teranet/National Bank Canada Aug Home Price Index, Q2 Capacity Utilization
Brazil FX Flows
Atlanta Fed Business Inflation Expectations
Fed's Bullard addresses Chicago CFA Society (9:30am et)
EIA weekly Petroleum/Gasoline/Distillates Report (w/e 09/06; 10:30am et)
WASDE Report (noon; USDA World Agricultural Supply & Demand Estimates)
US Treasury Auctions $23B reopened 10-year Notes (1pm et)
Fed's Beige Book Released (2pm et)
    OVERNIGHT into US Thurs a.m. et:
         Japan Reuters Sept Tankan Index
, Aug Domestic Corporate Goods Price Index, Jul Machine Orders
        Aussie Aug Unemployment Rate/Change/Participation, Sept Consumer Inflation Expectations
        Tokyo Aug Avg Office Vacancies & Condominium Sales
        UK RICS Aug House Price Balance
        French & German Aug CPI & HICP
        Swiss Aug PPI & Import Prices
        South Africa Jul Gold & Mining Production
        EU Finance Ministers Meet
        ECB MPC Rate Decision, ECB Gov Draghi Press Conference (Frankfurt)
        BoE Sept MPC Rate Decision/QE Asset & Corporate Bond Target
Thursday, Sept 13 BoE Gov Carney post-Meeting Press Conference (London)
IEA Monthly Report
Brazil Jul Retail Sales
US weekly Jobless Claims
Canada Jul New House Price Index
EIA weekly Natural Gas Report
Fed's Bostic on "Economic Outlook & Monetary Policy" w/Q&A @ Mississippi Council of Economic Education (12:30pm Jackson MS)
US Treasury Auctions $15B reopened 30-year Bonds
US Treasury Budget (2pm et)
US weekly Fed Balance Sheet & Money Supply  (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
         South Korea Aug Import & Export Price Indices
         New Zealand Aug Business & Manufacturing PMI
         German Aug Wholesale Price Index
         China Aug Unemployment Rate, Retail Sales, Industrial Production, Fixed Asset Investment
         Japan Jul Industrial Production/Capacity Utilization
         Norge Bk Dpty Gov Nicolaisen speaks @ seminar hosted by Finance Minsistry about financial crisis 10 years ago (Oslo)
         Italy Aug CPI & HICP
         Russia MPC Sept Interest Rate Decision
         BoE Quarterly Bulletin
         Eurozone Jul Trade Balance, Q2 Labor Costs
         Riksbank's Vredin panelist on "Monetary policy beyond normalisation: objectives & instruments" at Belgian Financial Forum & SUERF Conference "10 Years after the start of the crisis: contours of a new normal"  ECB's Smets also speaks  (Brussels)
        ECB's Nowotny panelist on banking (Vienna Austria)
Friday,    Sept 14 US Aug Retail Sales
US Aug Import/Export Prices
Fed's Evans on current economic conditions & monetary policy @ Northeast Indiana Regional Economic Forum w/Q&A, nosted by Sweetwater Sound Company, ( 9am et Ft Wayne IN)
BoE Gov Carney delivers Whitaker Lecture (Dublin)
US Aug Industrial Production/Capacity Production
US Business Inventories

U.M. (prelim) US Consumer Sentiment
Baker-Hughes weekly US/North American Rig Count (1pm et)
Sat.         Sept 15 China Aug New Home Prices
Sunday,   Sept 16     OVERNIGHT into US Mon. a.m. et:
        New Zealand Aug Performance of Services Index & Westpac Q3 Consumer Confidence
        Singapore Aug Trade Balance & Non-Oil Exports
        Riksbank Minutes of MPC Meeting
        Riksbank Gov Ingves discussant on lessons learned from the banking crisis of the 1990s (Stockholm)
        ECB's Coeure speaks at German Institute for Economic Research (Berlin)
        UK Rightmove Sept House Prices
        Eurozone Aug (F) CPI
        Italian Jul Trade Balance
        Eurozone Aug CPI
        Canadian Jul International Securities Transactions
Monday, Sept 17 NY Fed Empire State Sept Manufacturing Survey
US Treasury Auctions $48B 3-, & $42B 6-month Bills
Canada Aug Existing Home Sales & Jul Foreign Securities Purchases
Japanese Holiday (Respect for Aged)
    OVERNIGHT into US Tues. a.m. et:
        Japan Aug Dept Store Sales
        Aussie RBA Sept Meeting Minutes, Q2 House Price Index
        New Zealand Aug Offshore Holdings
        Italian  Jun Industrial New Orders & Sales
        Hong Kong Aug Unemployment Rate
        Canada Jul Manufacturing Sales
        ECB's Draghi & Nouy speak @ "Financial Supervision and the Role of National Authorities in Europe" (Paris FR) ECB/French Central Banker de Galhau also speaks (Tuesday local time)
        Riksbank 1st Dpty Jochnick participates in Moody's Swedish Real Estate Conference--Are we at the top of the real estate cycle?   (Stockholm)
Tuesday, Sept 18 Redbook weekly store sales snapshot
US NAHB Sept Housing Market Index (10am et)
Russia PPI
Brazil Federal Tax Revenue
US TICS (4pm et)
Yom Kippur Starts at Sundown
    OVERNIGHT into US Wed. a.m. et:

        New Zealand Q2 GDP & Current Account Balance
        Japan Aug Trade Balance
        UK Sep CBI Selling Price & Total Order Trends
        Aussie Aug Skilled Vacancies, RBA Gov Kent speaks (Sydney)
        BoJ MPC 2-day Meeting Decision, Monetary Policy Statement (9/19 local)
        Swiss SECO Sept. 2018 Economic Forecasts
        South Africa Aug CPI
        EU 27 Aug New Car Registrations, Jul Current Account
        UK Aug CPI, Retail Price Index, PPI (Input & Output), Jul House Price Index
        BoE's Chief Economist Haldane lecture at Bk of Estonia's 100th Anniversary Conference (Estonia)
        Eurozone Jul Construction Output
Wed.,      Sept 19 MBA weekly Mortgage/Refinance Applications
US Aug Housing Starts/Building Permits

US Current Account (8:30am et)
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et w/e 09/14)
Russia Monthly GDP
Brazil MPC Interest Rate Decision
Yom Kippur, the day of atonement, Ends at Sundown
    OVERNIGHT into US Thurs. a.m. et:

         New Zealand Q2 GDP
         RBA Bulletin
         BoJ Q2 Money Flow
         Norge Bank MPC Rate Decision + Press Conference (09/20 local time)
         SNB (Swiss) MPC Interest Rate Decision
(09/20 local time)
         Swiss KOF Institute Autumn Economic Forecast
         Riksbank Dpty Gov Skingsley presents Economic Situation & Current Monetary Policy @ Breakfast (Stockholm)
         China FX Aug Net Settlement
         Japan Aug Supermarket Sales
         RBA Aug FX Transactions
         Swiss Aug Trade Balance, & Swiss Watch Exports
         UK Aug Retail Sales
         Canada Aug ADP Payrolls Report

         South Africa MPC Sept Interest Rate Decision/Prime Rate
Thurs.     Sept 20 ECB Chief Economist Praet speaks (NY)
US weekly Jobless Claims
Philly Fed Sept Business Outlook Survey
NAR Aug Existing Home Sales
EIA weekly Natural Gas Report
US Refunding Announcement
US Treasury Auctions $11B reopened 10-year TIPS
Fed Balance Sheet & Money Supply
South Korea Aug PPI
    OVERNIGHT into US Fri. a.m. et:
         Japan Nikkei Sept (P) Manufacturing PMI + Jul All Industry Activity Index
         New Zealand Aug Credit Card Spending & Visitors/Migration
         Japan Aug CPI, Foreign Investments in Japanese Stocks & vice versa
         French Q2 GDP
         Eurozone, France, German, Markit Sept (P) Manufacturing, Services, & Composite PMI
         Spanish Trade Balance
         Turkish FinMin Meets German FinMin (Berlin)
         UK Aug Central Gov't NCR, Public Sector Net Borrowing
Friday,   Sept 21 Quadruple Witch Expiration
Markit Flash US Sept Manufacturing, Services & Composite PMI
Canada Jul Retail Sales, Aug CPI
Baker-Hughes weekly US/North American Rig Count (1pm et)
    OVERNIGHT into US Sat. a.m. et:
         Riksbank's (Sweden) 350th Anniversary (Stockholm; Saturday, 9/22 local time)
Saturday, Sept 22

         WEEKS AHEAD:   
09/24  BoJ Minutes of its July 30--31st MPC Meeting (Tokyo)
                                  09/25--26   FOMC Meets, Updates Forecasts, Press Conference to Follow

                                          09/27   RBNZ (New Zealand) MPC Meeting
                                                    * Mexico only central bank not meeting in September 

*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