wall street in advance

May/June 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,  June 10     OVERNIGHT into US Mon. a.m. et:
        China May Money Supply, New Yuan Loans
        German May Wholesale Price Index
        New Zealand Q1 Manufacturing Activity
        Japan April Machine Orders & Tool Orders
        UK May NIESR GDP Estimate, April Manufacturing & Industrial Production, Construction Output
Monday, June 11 US Treasury Auctions $48B 3- & $42B 6-month Bills (11:03am et)
US Treasury Auctions $32B 3-yr & $22B reopened 10-year Notes (1pm et)
    OVERNIGHT into US Tues. a.m. et:
         New Zealand May Retail Card Spending, ANZ May Heavy Truckometer
         Japan Q2 BSI Large All Industry & Large Manufacturing, May Domestic Corporate Goods Price Index
         China Q3 Manpower Survey
         Aussie Q3 & New Zealand Q3 Manpower Surveys
         Aussie NAB May Business Confidence, April Home Loans & Investment Lending, Value of All April Loans
         Japan April Tertiary Industry Index
         UK May Jobless Claims, ILO Unemployment Rate/Change, Apr. weekly Earnings
         German June ZEW Survey Current Situation/Expectations/Sentiment
         Pres. Trump in Singapore for Negotiations with No. Korea's Kim Jung-un on Denuclearization
Tuesday, June 12 FOMC 2-day Meeting Starts
NFIB Small Business Optimism Index (6am)
US May CPI  (8:30am et)
Redbook weekly store sales snapshot
US Treasury Auctions $14B reopened 30-year Bond (1pm et)
US May Treasury Budget Statement (Deficit or Surplus?  2pm et)
Expected Court Decision on AT&T's (T) Merger with Time Warner (TWX)
    OVERNIGHT into US Wed. a.m. et:
         Aussie Westpac June Consumer Confidence Index, ANZ Roy Morgan wkly Consumer Confidence Index
         Swiss Q1 Industry & Construction Output, May Producer & Import Prices
         UK May CPI, RPI (Retail Price), PPI, April House Price Index (HPI)
         Eurozone Q1 Employment, April Industrial Production
         Bank of Iceland Releases Monetary Policy Statement
Wed.,      June 13 MBA weekly Mortgage/Refinance Applications (rates dipped last week)
US May PPI-Final Demand
Atlanta Fed Business Inflation Expectations
Canadiana Teranet/National Bank May Home Price Index
EIA weekly Petroleum/Gasoline/Distillate Status (w/e  06/08)
Former FOMC Chief Yellen fireside chat @ Stifel Cross Sector Insight (Boston)
FOMC post-Meeting Statement on Interest Rates +Updated Member Forecasts (SEP) (2pm et)
FOMC Chief Powell's 2nd post-Meeting Press Conference (2:30pm)
    OVERNIGHT into US Thurs. a.m. et:
       UK RICS May House Price Balance

       Aussie May Unemployment Rate/Change/Participation
       China May Jobless Rate, Retail Sales, Industrial Production, Fixed Assets
       Japan April (F) Industrial Production/Capacity Utilization
       German May CPI
       UK Retail Sales
       French FinMin le Maire inaugurates new Hdqtr of Privacy-Focused Search Engine Qwant (06/14 local time)
       Norges Dpty Gov Matsen speaks at Nordea Seminar
       ECB MPC Provides Rate Decision, Economic Forecast & QE Intentions +
       ECB Chief Draghi post-Meeting Press Conference
(06/14 local time)
Thursday, Jun 14 US weekly Jobless Applications
Canada April New Housing Price Index
US May Retail Sales
US Import/Export Prices
US Business (Wholesale & Retailer) Inventories (10am et)
DoJ Inspector General (Expected) to Unveil Results of Investigation of DoJ & FBI into Hillary Clinton's Private Email Server in run-up to 2016 Elections
EIA weekly Natural Gas Report (10:30am et  w/e 06/08)
US Treasury Refunding Announcement for 52-week Bills & 30-yr TIPS
Fed weekly Balance Sheet + US Money Supply (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
         New Zealand May Business & Manufacturing PMI
         BoJ MPC Rate & QE Decision (06/15 local time)
         China May New Home Prices
         EU 25 May New Car Registrations
         Swiss KOF Institute Summer Economic Forecast
         Eurozone April Trade Balance, May CPI, Q1 Labor Costs
Friday,     June 15 Canada April International Transactions & Manufacturing Sales, May Existing Home Sales
Empire State--NY Fed Manufacturing Survey
US May Industrial Production/Capacity Utilization
U.M. (P) June Consumer Sentiment/Expectations (10am et)
White House Expected to Name the Chinese Products Subject to New Tariffs
Baker-Hughes weekly Rig Count (w/e  06/08)
US Quadruple Witch--Options & Futures Expire
NASDAQ 100 Annual Reconstitution on close

Russell Updates Reconstitution of its Indices
Saturday, June 16
Sunday,    June 17 BIS Int'l Locational Banking Statistics & Int'l Consolidated Banking Statistics in Japan Results (Tokyo)    
    OVERNIGHT into US Mon. a.m. et:
        So. Korea May Import/Export PRice Index
        UK Rightmove June House Price Index
        Japan May Trade Balance & Department Store Sales
        Singapore May Trade Balance
        Italy April Trade baalnce
        German Buba Monthly Report
        Brazil Federal Tax Revenue
        OMFIF Panel to analyse the future of the ECB (Timed for ECB's 20th Anniversary)
Monday,  June 18 NAHB June Housing Market Index
US Treasury Auctions $48B 3-, & $42B 6-month Bills
Fed's Bostic On Economy & Monetary Policy, w/Q&A @ Rotary Club of Savannah (GA 1pm et)
Retiring NY Fed Chief Dudley, opens "Reforming Culture & Behavior in the Financial Services Industry: Progress, Challenges & the Next Generation of Leaders" Dudley & Fed's Duke on Panel One: "Finance, Culture & Society" (NY Fed Bank)
Russia Qtrly GDP
Fed's Williams remarks close "Financial Services Industry Culture" (4pm NY) Fed which Williams arrived in NY today, will become NY Fed Pres/CEO
BoC's Patterson speaks at IIF & Investment Industry Ass'n of Canada event (Toronto)
China & Hong Kong Holidays
    OVERNIGHT into US Tues. a.m. et:

        China May Fx Net Settlement
        Aussie Q1 House Price Index
        RBA (Aussie) Releases Meeting Minutes
        SNB (Swiss) SECO June Economic Forecasts
        Hong Kong May Unemployment Rate
        Eurozone April Current Account, April Construction Output
        ECB Chief Draghi opens the ECB "Forum on Central Banking: Price & Wage Setting in Advanced Economies," ECB's Praet chairs panel & ECB's Lane a speaker (Sintra Portugal thru 20th)
Tuesday,  June 19 Fed's Bullard on "Macroeconomics of Price & Wage Setting" @ECB Forum on Central Banking (Sintra Portugal 7am et)
Former Fed Chair Volcker & former Fed & former FDIC V. Chair Hoenig talk about new research on how Amrican Banks maneuver through & around derivatives regulation 10 yrs after the financial crisis (NY)
US May Housing Starts/Building Permits
Redbook weekly store sales snapshot
Russia PPI
US Treasury Auctions 4- week & $26B 52-week Bills (11:30am)
    OVERNIGHT into US Wed. a.m. et:
         Japan May Supermarket & Convenience Store Sales
         German May PPI
         Japan Reuters Tankan Index, All Industries Activity Index
         BoJ Chief Kuroda speaks at Nat'l Credit Union Meeting
         ECB's Lautenschlager moderator on panel @ ECB's Central Banking Forum
         South Africa May CPI
         BoE 10-year Treasury Gilt Auction
         Bk of Finland Gov (also ECB) Liikanene press conference (Helsinki Finland)
         Bk of France Gov de Galhau presents annual report on the French & Eurozone Economies (Paris FR)
         UK CBI Jun Order & Selling Trends
         ECB's Coeure chairs panel @ ECB's Central Banking Forum
Wed.        June 20 MBA weekly Mortgage/Refinance Applications
ECB's Draghi,  FOMC Chief Powell, BoJ Gov Kuroda & RBA's Gov Lowe speak at ECB Central Banking Forum (Sintra Portugal)
Russia May Unemployment Rate & Retail Sales
US Current Account Deficit
NAR May Existing Home Sales
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et--w/e 06/14)
Brazil May Fx Flows
    OVERNIGHT into US Thurs. a.m. et:
         New Zealand Q1 GDP
         RBA May Fx Transactions
         BoJ's Funo speaks (Sendai Japan)
         Swiss May Exports/Imports + Watch Exports
         SNB MPC Meets on Interest Rates, Sets Target Range, Delivers Assessment
         SNB's Jordan post-Meeting Press Conference
         Spain Trade Balance
         South Africa Q1 Current Account
         UK May Public Finances, Central Gov't NCR, Pub Sector Borrowing
         Norges Bank MPC Meets, Issues post-Meeting Statement 
         Eurozone June Consumer Confidence
         OPEC (Ordinary) Meeting (Vienna Austria)
         BoE MPC Meets
, Issues Statement, Meeting Minutes, QE (wind down plans?)
Thursday, June 21 BoE Chief Carney's post-Meeting Press Conference
OPEC post-Meeting Conference

Canada April Wholesale Trade Sales, ADP May Payroll Report
US weekly Jobless Applications
Philly Fed June Business Outlook Survey
Russia GDP & Central Bank Reserves
NY Fed Exec V.P. Hirtle on "The Effects of Post-Crisus Banking Reforms" (NY)
BoE Gov Carney speaks at the Lord Mayor's Bankers & Merchants Dinner (London)
Bk of Mexico MPC Meets, Issues Statement
FHFA April House Price Index
(9am et)
EIA weekly Natural Gas Report (10:30am et)
US Treasury Refunding Announcement includes 5- & 7-year Notes
US Treasury Auctions $5B reopened 30-year TIPS (1pm et)
Fed, FDIC, OCC release Megabank & Holding Co. Stress Tests Results(4:30pm et)
Fed Balance Sheet + US Money Supply (4:30pm et)
   OVERNIGHT into US Fri. a.m. et:
        Japan May CPI, Jun (P) Manufacturing PMI, All Industry April Activity Index
        New Zealand May Credit Card Spending
        French Q1 GDP
        Markit Eurozone, French, Italian, & German June Manufacturing, Services,  + Composite PMI
         SNB releases Financial Stability Report, Discusses it at a Press Conference
         BoE Issues Quarterly Bulletin
         India Bank Loan & Deposit Growth + Fx Reserves
Friday,     June 22 Canada May Retail Sales & CPI
US Markit June (P) Flash Manufacturing, Services & Composite PMI
Baker-Hughes weekly US/North American Rig Count
(1pm et)
Saturday, June 23

         WEEKS AHEAD: 07/03  Estimated Day for Release of FOMC Meeting June 12--13 Minutes

*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 left San Francisco Fed to become Pres of NY Fed. That hole in the San Francisco Fed's hierarchy results in Esther George--a vrey vocal hawk--becoming a voting member of the FOMC. Cleveland Fed's Loretta Mester, another  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..
               * HICP used in Europe, means Harmonized Index of Consumer Prices