wall street in advance

July 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,   July 08 China Jun Foreign Direct Investment
    OVERNIGHT into US Mon. a.m. et:
         Japan May Current Account, Trade Balance, Jun Bank Lending, Bankruptcies
         China Jun Fx Reserves  
         New Zealand REINZ Jun House Sales
         Swiss  Jun Unemployment Rate
         German May Trade Balance (Imports/Exports)
         ECB's Coeure participates Session 31 "Which Leadership for Tomorrow?" @ Recontres Econonmiques from Le cercle des Economistes (Aix-en-Provence (FR)
         Eurozone Sentix Jul Investor Confidence
         Singapore Jun Fx Reserves
         ECB Chief Draghi addresses European Parliament's ECON Committee
         BoJ Gov Kuroda speaks at Qtrly Regional Bank Branch Managers Meet
Monday,  July 09 Fed's Kashkari welcome remarks @ "Homeownership in Indian Country: Creating the Opportunity for Choice" (Prior Lake MN)
US Treasury Auctions $48B 3-month & $42B 6-month Bills (11:30am et)
TD Ameritrade IMX (12:30pm et)
US May Consumer Credit (Debt, really-3pm et)
Brazil Holiday
Pres. Trump to announce Supreme Court pick 9pm et
    OVERNIGHT into US Tues. a.m. et:
         New Zealand Jun Electronic Card Spending
         UK BRC Like for Like Jun Sales
         Japan Jun M3 Money Supply
         China Jun New Yuan Loans, Aggregate Financing, Money Supply
         Aussie NAB Jun Business Conditions
         China Jun PPI + CPI + New Loans
         Japan Jun Machine Tool Orders
         BoE conference on Economics & Psychology: New Ways of thinking about economic policy (thru 10th, London)
         May French + Italian Industrial Production
         UK May Trade Balance, Industrial + Manufacturing Production, Construction Output, 1st Monthly Estimate of GDP, May Index of Services + Trade Balance
         ECB's Lautenschlager speaks at 9th ECB Statistics Conference "20 years of ESCB Statistics: What's Next? (Frankfurt Germany)
         German ZEW Jul Survey, Expectations, Sentiment
Tuesday, July 10 NFIB July Small Business Optimism Index (6am et)
UK NIESR Jun GDP Estimate
Jun Canada Jun Housing Starts, May Building Permits
Redbook weekly store sales
JOLTS (Job Turnover & Quits)
IRS Tax Forum (Atlanta GA thru 12th)
US Treasury Auctions 4-week Bills & $33B 3-year Notes
    OVERNIGHT into US Wed. a.m. et:
        South Korea  Jun Unemployment Rate
        Japan Jun Corporate Goods Price Index, PPI, May Core Machinery Orders
        Aussie May Home Loans & Investment Lending, Value of Loans
        German Jun wWPI
        ECB's Praet, Mersch, Nouy speak at ECB Statistics Conference (Frankfurt)
        NATO Heads of State Summit (Brussels Belgium thru 12th)
Wed.,      July 11 MBA Mortgage/Refinance Applications
OPEC Monthly Report
US June PPI-Final Demand

Atlanta Fed Business Infltaion Expectations
BoE Gov Carney speaks @ Global Financial Crisis Conference hosted by US Nat'l Bureau of Economic Research (Massachussetts)
Bk of Canada MPC Meets, Monetary Policy Report, Rate Decision
US May Wholesale Inventories + Trade
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et Typically, big draw over holiday; last week July 4th)
BoC Press Conference w/Gov Poloz & Dpty Gov Wilkins
US Treasury Auctions $22B reopened 10-year Notes  (1pm et)
NY Fed's (new) Pres. Williams regional economic discussion in Brooklyn NY (4:30pm et)
    OVERNIGHT into US Thurs. a.m. et:
         New Zealand Jun Food Prices
         Singapore May Retail Sales
         China Foreign Direct Investment
         UK RICS Jun House Prices
         ECB Survey of Professional Forecasters
         Japan Tokyo Avg Jun Office Vacancies
         Aussie July Consumer Inflation Expectations
         Eurozone, French, German Italian Jun CPI, HICP
         BoE Credit Conditions & Bank Liabilities Surveys
         IEA Monthly Report

         China Outstanding Loan Growth
         South Africa May Mining & Gold + Manufacturing Production
         India May Industrial Production, Manufacturing Output, Jun CPI
         Eurogroup Meetings
         Eurozone May Industrial Production
         26th Arab Econonmic Forum (Beirut Lebanon to 13th)
         ECB Publishes Account of MPC Meeting
Thurs.      July 12 US June CPI
Brazil May Retail Sales
US weekly Jobless Claims, Jun Avg Weekly Earnings
June Chain Store Sales (few that still report)
Canada Jun Teranet/Nat'l Bank Home Price Index, New Housing Price Index
US Treas. Sec'y Mnuchin testifies at US House on State of  Int'l Financial System (10am et)
EIA weekly Natural Gas Report (10:30am et)
Fed's Harker keynotes @ Rocky Mountain Economic Seminar (Victor ID thru 13th)
US Treasury Auctions $14B reopened 30-year Bonds
US Treasury Budget & Refunding Announcement
Fed weekly Balance Sheet & US Money Supply
BoE's Cunliffe speaks @Cumbria Chamber of Commerce (Kendall UK)
Fed's Kashkari on Immigration @ Worthingon Int'l Festival Immigration Panel Discussion w/Q&A (8pm et)
    OVERNIGHT into US Fri. a.m. et:
        Singapore Q2 GDP
        China Jun Trade Balance (Imports/Exports)
        Riksbank publishes minutes from its monetary policy meeting
        German Jun Wholesale Price Index
        Spain Jun CPI, HICP
        Japan May Industria;l Production/Capacity Utilization
        Swiss June Producer & Import Prices
Friday,     July 13 US June Import/Export Prices
India RX Reserves & Trade Balance
Canada Jun Existing Home Sales
U.M. Prelim July Consumer Sentiment
Fed's Bostic Town Hall @ Northern VA Society of CPA +Q&A (Falls Church VA)
Baker-Hughes US/North American Rig Count (1pm et)
Saturday,  July 14
Sunday,    July 15
      OVERNIGHT into US Mon. a,m. et
           UK Rightmove July House Prices
           China Jun Jobless Rate, Q2 GDP, Jun Fixed Asset Investment, Retail Sales, Industrial Production, NBS (Nat'l Bureau of Statistics) Press Conference
           Eurozone May Trade Balance            
           India Jun WPI Food, Fuel, Inflation, Manufacturing Inflation
           Italy May Trade Balance
           Trump/Putin Summit (Helsinki Finland)
Monday,  July 16 US June Retail Sales
Canada May Int'l Securities Transactions, Jun Existing Home Sales
Empire State NY Fed July Manufacturing Survey
Russia Industrial Production
US Businesss Inventories
US Treasury Auctions $51B (record) 3-, & ($45B) 6-month Bills
Japan Holiday
   OVERNIGHT into US Tues. a.m. et:
        Japan Jun Dept Store + Condonimium Sales
        Singapore Jun Non-Oil Exports
        RBA (Aussie) July 3rd Meeting Minutes
        China Jun New Home Prices
        EU 27 Jun New Car Registrations

        Italy May Industrial New Orders/Sales
        Eurozone, France, Germany, Italy, Spain Jun CPI, HICP
        UK Jun Jobless Count/Change, MayWkly Earnings, ILO May Unemployment Rate/Change + BoE Sr Advisor, Sheren, panelist @ Green Finance Summit (London)
        BoE Gov Carney & Financial Conduct Authority Chief Bailey @ Treasury Cmte to Discuss BoE's Financial Stability Report
Tuesday,  July 17 Redbook weekly sales snapshot
Canada May Manufaturing Sales
US June Industrial Production/Capacity Utilization
NAHB Jul Housing Market Index
FOMC Chief Powell Semiannual Testimony at Senate Banking Cmt
e (10am et)
US Treasury Aucgtiojns 4-wk & $26B 52-week Bills
US May TICS (4pm et)
   OVERNIGHT into US Wed. a.m. et:
        South Africa Jun CPI
        UK Jun Consumer, Producer,  + Retail Price Indices, May House Price Index
        Eurozone May Construction Output + Jun CPI
Wed.        July 18 US weekly MBA Mortgage/Refinance Applications
US June Housing Starts/Building Permits
South Africa May Retail Sales
FOMC Chief Powell Semiannual Testimony at House Financial Services Cmte (10am)
EIA weekly Petroleum/Gasoline/Distillates Stats (w/e 07/13 after crude reserves fell by (-12.6m) barrels during the July 4th week. 
Russia PPI, Retail Sales & Jun Unemployment Rate
US Beige Book (2pm et)
    OVERNIGHT into US Thurs. a.m. et:
        Japan Jul Tankan Index, Jun Trade Balance
         Aussie Jun Unemployment Rate/Change/Participation, NAB Qtrly Business Confidence
         RBA Jun FX Transactions
         China Jun FX net Settlement
         UK CBI July Selling Prices, Orders, Trends
         Swiss Jun Overall Trade Balance (Exports/Imports) + Watch Exports
         Japan Machine Tool Orders
         UK Jun Retail Sales
         Hong Kong Jun Unemployment Rate
Thursday, July 19 US weekly Jobless Claims
Canada ADP June Payrolls Report
Philly Fed Jul Business Outlook Survey
EIA weekly Natural Gas Report
G20 4th Mtg of Finance Ministers & Central Bank Governors (Buenos Aires thru 22)
Russia FX Reserves
South Africa Interest Rate Decision
US Treasury Refunding Announcement
US Treasury Auctions $13B 10-year TIPS
(1pm et)
Weekly Fed Balance Sheet & US Money Supply
    OVERNIGHT into US Fri. a.m. et:
        South Korea Jun PPI
        Japan Jun CPI, Convenience Store & Supermarket Sales+All Industry Activity
        New Zealand Jun Credit Card Spending & Net Migration
        Spain Trade Balance
        Eurozone Jun PPI, May Current Account
        UK Jun Public Finances, Central Gov't NCR
        Fed's Bullard on US Eco & Monetary P0licy @ Glasglow Chamber of Commerce (Glasglow Scotland)
Friday,     July 20 Canada May Retail Sales, Jun CPI
Baker-Hughes US/North American Rig Count (1pm et)
Saturday, July 21 G20 Finance Ministers & Central Bank Dpty Governors (Buenos Aires to 22)

         WEEKS AHEAD:  0
7/26    ECB MPC Meets
                                           07/31     BoJ MPC Decision after 2-day Meeting
                                                         FOMC 2-day Meeting Starts
                                           08/01     FOMC post-Meeting Statement
*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