wall street in advance

November 2018 Economic Statistics
and Other Economic Influences

TUESDAYS:
                Weekly Chain Store Sales*
                 Average Hourly Earnings*
                 API Weekly Gas/Oil Stockpiles Report*  **
(4:30p.m.)
    WEDNESDAYS:
                
Mortgage Applications  Data
                 EIA Weekly Report on Gas & Oil Stockpiles* (10a.m.)
    THURSDAYS:
                 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,    Nov 11 US Veteran's Day
OPEC & non-OPEC Oil Producers Meet on Quotas (Dubai UAE)
Alibaba Singles Day Sales (includes Tmall)
52nd Felaban LatAm Bankers Assembly (Punta Gorda Dominican Republic thru 14)
World Economic Forum (WEC) Future Councils Annual Mtg (Dubai UAE thru 12th)
    OVERNIGHT into US Mon. a.m. et:
         New Zealand Oct Card Spending + Food Prices
         Italian Sept Industrial Production
         Australia NAB Oct Business Survey
         India Sept Industrial Production, Manufacturing Output
         BoE Dpty Gov for Prudential Regulation & CEO of Reg Authority Sam Woods moderates a panel @ Chatham House Conference on "The Future of London as a Financial Centre" (London)
         German FinMin Scholz speaks to VAP (Foreign Press Ass'n--Berlin)
         21st Euro Finance Week opens w/Keynote by ECB V.P. de Guindos  (Frankfurt Germany thru 16th)
Monday,  Nov 12 US Bond Markets Closed
US V.P. Pence leaves for Japan (thru 13th)
US Equities Trade Regular Hours  (9:30am to 4pm et)
Janet Yellen, Pres'ts Bill Clinton & George Bush, David Cameron, Ken Griffin, Gary Cohn, CFTC Chair Giancarlo, H.R. McMaster, Bob Woodward, Steve Wozniak, Alex Ohanian, all speak at the CME Global Financial Leadership Conf (Naples FL thru 14th)
APEC (AsiaPac)  Economic Cooperation Leaders Week (Papua New Guinea thru 13th)
Cowen post-Election Pow-Wow (D.C. thru 13th)
New San Francisco Fed Pres Mary Daly speaks "REDI: the Regional Economic Development for Eastern Idaho" w/Q&A  (Idaho Falls ID; 2:30pm et)
    OVERNIGHT into US Tues. a.m. et:
          Aussie Oct NAB Business Conditions & Confidence
          South Korea Oct Import/Export Price Indices
          Singapore Sept Retail Sales
          China Outstanding Loan Growth YTD
          Japan Oct Corporate Goods Price Index (PPI)
          German Oct CPI +HICP
          Swiss Oct PPI
          Italian 3-, 7-, & 30-year BTP Auctions
          UK ILO Sept Unemployment Rate
/Change/Earnings, Oct Claimant Count/ Change
          German ZEW Nov Survey of Eco Conditions & Expectations
Tuesday,  Nov 13 US NFIB Small Business Optimism Index
Redbook store sales weekly snapshot
Brazil Sept Retail Sales
Fed's Kashkari delivers welcome remarks @ Regional Economics Conference on Immigration w/Q&A (Fed Reserve Bk of Minneapolis 10am )
OPEC Monthly Report (estimated date)
Russian Qtrly GDP
Philly Fed's Harker participates in lead into "Fintech and the New Financial Landscape" (Philadelphia PA)
US Treasury Auctions $45B 3-, & $39B 6-month Bills (11:30am et)
Treasury Auctions $50B 4-, & $30B 8-week Bills (1pm et)
US Treasury Monthly Budget (2pm et)
S.F. Fed's Daly lectures at Boise State Univ w/Q&A (Boise ID 5pm et)
    OVERNIGHT into US Wed. a.m. et:
         Japan Q3 GDP/Private Consumption/Business Spending/CapEx

         South Korea Oct Unemployment Rate
         German Oct Wholesale Price Index
         Aussie Q3 Wage Price Index
         China Oct Retail Sales, Industrial Production, Fixed Assets, Property Investment, Oct Jobless Rate
         Japan Sept Industrial Production/Capacity Utilization, Tertiary Industry Activity Index
         India Oct Fuel, Food, & Manufacutring Inflation
         German Q3 GDP
         ECB's Lautenschlager part of "Banking Supervision, Resolution & Risk Management in Europe" @ Euro Finance Week (Frankfurt)
         Bk of Greece Gov Stournaras speaks on lessons from the crisis & challenges for Greek banking sector going forward (Geneva)
         BoE's Ramsden participates in online Q&A on the future of money (London)
         French & Spanish Oct CPI & HICP
         UK Oct CPI, Retail & Producer Input & Output Price Indices, Sept House Price Index
         IEA Monthly Report .
         EU FinMins Meet
(must be some Brexit terms to discuss)
         Eurozone Sept Industrial Production, Q3 GDP, Unemployment   
         South Africa Sept Retail Sales      
Wed.,        Nov 14 MBA weekly Mortgage/Refinance Apps
US Oct CPI
FOMC V. Chair Quarles
testifies at House Financial Services Cmte (9am et)
Amal Clooney keynotes Greenbuild International Conference (Chicago)
Atlanta Fed Business Inflation Expectations (10am et)
Brazil FX Flows
FOMC Chief Powell & Dallas Fed's Kaplan discuss national & global economic issues w/Q&A at Dallas Fed (TX 5pm et)
    OVERNIGHT into US Thurs. a.m. et:
         Japan Q3 Housing Loans + Oct Condominimum Sales
         German Oct Wholesale Price Index,
         Aussie Oct Unemployment Rate/Change/Participation/Full & Part-Timers
         RBA Oct FX  Transactions
         China Oct. New House Prices
         EU 25 Oct New Car Registrations
         French Q3 GDP
         UK Oct Retail Sales
         Eurozone Sept Trade Balance
         India Trade Balance
         Riksbank's af Jochnick discusses Central Bank Digital Currencies @ Euro Finance Week (Frankfurt)
         ECB V.P. de Guindos keynotes General Annual Meeting of Foreign Bankers Ass'n (Amsterdam NL)
         Atlanta Fed's Bostic speaks at GIC "Central Banking Series:Madrid"
Thurs.      Nov 15 US weekly Jobless Claims
Philly Fed Business Outlook Survey
Ontario FinMin Fedeli presents the province's fall economic statement--1st buget update for new Progressive Conservative Party gov't
Canada Teranet/National Bank Oct HPI & ADP Payrolls Report/Change
US Oct Retail Sales
Russia FX Reserves
Empire State (NY Fed) Manufacturing Survey
Import/Export Prices (8:30am et;  Tariff impact?)
Business Inventories, & Inventories/Sales Ratio (10am et)
Canada Oct Existing Home Sales
FOMC V. Chair Quarles testifies
at Senate Banking Cmte on the Fed's Supervision & Regulation of the Financial System (10am et)
EIA weekly Natural Gas Report (10:30am et  w/e 11/09)
EIA weekly Petroleum/Gasoline/Distillates Report (11am et)
Bank of Mexico MPC Rate Decision
Fed's Kashkari partipates in moderated Q&A @ MN AgriGrowth Council (Minneapolis 3pm)
Fed weekly Balance Sheet & US Money Supply (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
         New Zealand non-Resident Bond Holdings, Oct PMI
         Singapore Trade Balance & non-Oil Exports
         German Oct WPI
         Hong Kong Q3 GDP, Oct Unemployment Rate
         Italian Industrial New Orders & Sales, Sept Trade Balance, Oct CPI
         India FX Reserves
         UK Inflation Report Hearings (Parliament)
         Eurozone Oct CPI
         ECB Pres Draghi & Bundesbank Pres Weidmann
speak at conf. (Frankfurt)
Friday,     Nov 16 US Oct Industrial Production/Capacity Utilization
Quarterly (adv) Services Report  (10am et)
Canada Unemployment Report, Sept TICs  + Manufacturing Sales
Russia Industrial Production
K.C. Fed Nov Manufacturing Index (11am et)
Fed's Evans speaks on current eco conditions & monetary policy @ Fixed Income Forum Roundtable w/Q&A (11:30am  Chicago)
Baker-Hughes weekly US/North American Rig Count (1pm et)
US Sept TICS (4pm et)
Sat.          Nov 17
Sunday,     Nov 18     OVERNIGHT into US Mon. a.m. et:
         Brazilian Central Bank Focus Market Report
         New Zealand Q3 PPI
         Japan Oct Trade Balance
         China Oct Fx Settlement
         UK CBI Nov Order & Price Trends

         Japan Oct Dept Store Sales
         BoJ's Kuroda + Bk of France de Galhau speak @ EuroPlus (Tokyo)
         UK Rightmove Nov House Prices
         Eurozone Sept Current Account, Construction Output
         Russia Monthly GDP
         BoE UK Deposit Takers top Supervisor, Proudman, on "Cyborg Supervision--The Application of Advanced Analytics in Prudential Supervision" (London)
         Financial Stability Strategy & Risk Dir, Brazier, speaks @ Denmark's Nationalbank Macroprudential Policy Conference (Copenhagen)
Monday,   Nov 19 Fed's Williams speaks @ Per Scholas (tech-related job training for adults; 9:40am et Bronx NY)
NAHB Nov Housing Market Index (10am et)
EU Economic Commissioner Moscovici news conferernce @ EU Hdqtrs
Q3 eCommerce Sales
Fed's Williams moderated discussion w/Pres of NYC Hispanic Chamber of Commerce w/Q&A  (10:45am Bronx Musem of Arts NY)
BoC media event to unveil the new $10 (Canadian) bank note (Museum for Human Rights, Winnipeg)
US Treasury Auctions $42B 3-,, & $36B 6-month Bills (11:30a,m et)
Fed's Williams meets w/leadership of non-profit Here to Here w/Q&A (more adult training 3:15pm Bronx)
    OVERNIGHT into US Tues. a.m. et:
        
South Korea Oct PPI
         RBA releases Nov MPC Meeting Minutes

         Swiss Oct Imports/Exports + Watch Exports/Trade Balance
         French Unemployment Rate/Change
         German Oct PPI
         RBA Gov Lowe speaks
(Melbourne)
         Hong Kong Oct CPI
         EU FinMins Meet (approx date)
         Russia Oct Unemployment Rate, Retail Sales, PPI
         BoE Gov Carney, Dpty Gov Cunliffe, Chief Economist Haldane answer questions about the Nov Inflation Report (London)
Tuesday,  Nov 20 US Oct Housing Starts/Building Permits (8:30m et)
Redbook weekly stores sales snapshot
BoC Dpty Gov Lane panelist at Internet Society of Canada Chapter (Toronto)
US Treasury Auctions 4-, & 8-week Bills (11:30am et; values not announced yet)
BoC (Canada) Wilkins speaks @ Max Bell School of Public Policy (Montreal)
Philly Fed Non-Manufacturing Nov Business Outlook Survey
Brazil Holiday
    OVERNIGHT into US Wed. a.m. et:
         New Zealand Oct Credit Card Spending
         Japan Sept All Industry Activity & Supermarket Sales
         Norges Bank Gov Olsen opens Meeting on Alternative Norwegian Krone Reference Rates (Oslo)
         Riksbank press conference w/Gov Ingves & Sandstedt, head of Financial Stability Dept, followed by publication of financial stability report (Stockholm)
         South Africa Oct CPI
         Spain Trade Balance
         UK Public Sector Oct Net Borrowing, Central Gov't Borrowing
         OECD EU Economic Outlook
Wed.        Nov 21 MBA weekly Mortgage/Refinance Applications
US Oct (P) Durable Goods Orders/Shipments (8:30am et)
Canada Sept Wholesale Sales
US weekly Jobless Claims
U.M. (F) Nov Consumer Sentiment/Current Conditions/Expectations
US Oct Existing Home Sales
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et w/e 11/16)
US Treasury Refunding Announcement
US Treasury Auctions $11B reopened 10-year TIPS
EIA weekly Natural Gas Report (noon et)
Baker-Hughes weekly US/North American Rig Count (1pm et)
    OVERNIGHT into US Thurs. a.m. et:
         New Zealand Migration/Tourist Arrivals
         Japan Oct CPI, Purchases of Foreign Stocks & Bonds (thru 11/16)
         Singapore Q3 GDP
         UK Inflation Report Hearings (approx date, since Brexit usurps everything)
         ECB MPC Meeting Account
         South Africa MPC Meeeting & Rate Decision       
         BoE MPC Member Saunders speaks @ Annual CBI South West Economics Dinner (Bath UK)
Thursday, Nov 22 US Thanksgiving Day--All US Markets Closed
Canada Q3 Cor;porate Profits
BoC Dpty Wilkins panelist @ Canadian Mortgage & Housing Corp (Ottawa)
BoC Financial System Review
    OVERNIGHT into US Friday

         Singapore Q3 GDP
         Japan Oct Machine Tool Orders & Nikkei Nov Manufacturing PMI
         Swiss 3Q Industrial & Construction Output
         Eurozone Nov Consumer Confidence
         Aussie CBA Nov Manufacturing & Services/Composite PMI
         UK CBI Nov Reported Sales & Total Distributed Sales
         Singapore Oct CPI
         German Q3 (F) GDP, Gov't Spending/Private Consumption/CapEx/ Construction Investment/Domestic Demand /Exports/Imports
          Eurozone, Frence, Germany, Italy Nov Mftng/Services + Composite PMIs
          India Bank Deposit & Loan Growth, Fx Reserves
          Bank of Italy publishes its Financial Stability Report (11/23 local time)
Friday,      Nov 23 Black Friday--one of the largest US shopping days of the year
Canada Sept Retail & Auto Sales, Oct CPI
Markit Flash US Nov. Mnftg & Services + Composite PMI
Brazil Net Payroll Jobs
Mexico Sept IGAE Economic Activity
Fed's weekly Balance Sheet & US Money Supply (4:30p, et)
US Equities Close @ 1pm et
SIFMA-Controlled US Markets Close @ 2pm et

Japan & India also celebrate holidays
    OVERNIGHT into US Sat. a.m. et:
         German Oct Impor Price Index
Saturday, Nov 24

         WEEKS AHEAD:  
11/28    FOMC Chief Powell speaks @ Economic Club of NY luncheon
                                          12/04     RBA (Aussie) MPC Meets
                                          12/05     BoC (Canada) MPC Meets
                                                        FOMC Chief Powell testifies before Jt Economic Cmte of Congress (DC)
                                          12/13     ECB MPC Meets
                                                        SNB (Swiss) MPC Meets
                                                         Norges (Norway) MPC Meets
                                          12/16     ECB's Draghi & Bundesbank's Weimann speak (Frankfurt)
                                                        Chico Fed's Evans Q&A @ Fixed Income Forum Roundtable (Chicago)
                                    12/18--19   FOMC Meets
                                           12/19   FOMC Chief Powell Press Conference
post-Expected Rate Hike
                                                       BoJ's Kuroda & Bk of France's de Galhau speak @ Europlace Int'l Fin Forum
                                           12/20   BoE MPC Meets
                                                       BoJ MPC Meets
                                                       Riksbank (Sweden) MPC Meets
                                                       Bk of Mexico MPC Meets

*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, newly (Sept) sworn in Richard Clarida, 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, without a leader, since Williams left for NY in July, named Mary Daly Pres/CEO as of 10/1/2018, who'll be a voter until Feb. The hole in the San Francisco Fed's hierarchy resulted in Esther George--a very vocal hawk--becoming a voting member of the FOMC, but she steps aside as of Mary Daly's swearing in, and returns as a voter in Feb 2019. Cleveland Fed's voter, Loretta Mester, a 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 (unintentionally) leaked sensitive FOMC discussions to Medley Advisors. Richmond operated with an Interim Pres, Mark L Mullinix, while searching for its new leader, Thomas Barkin, who arrived Jan 1st 2018.. 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 Price