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 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
Fed V Chair Quarles introductory remarks @ Alternative Reference Rates Cmte Roundtable (LIBOR going away)
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)
Sunday,    July 22 G20 FinMin & Central Bank Dpty Governors wrap up meeting
    OVERNIGHT into US Mon. a.m. et:
         Singapore Jun CPI
         Hong Kong Jun CPI
         UK Jul CBI Reported & Total Distributed Reported Sales
         Canada May Wholesale Trade Sales
         BoE Dpty Gov Broadbent speaks to Society of Professional Economists (London)
Monday,  July 23 Chicago Fed National Activity Index
NAR Jun Existing Home Sales
US Treasury Auctions $52B 3-, & $45B 6-month Bills  (11:30am et)
    OVERNIGHT into US Tues. a.m. et:
         German Jun Import Prices
         Japan Nikkei Jul (P) Manufacturing PMI, Jun Supermarket Sales
         Eurozone, France, Germany, Italy, Markit July (P) Manufacturing, Services & Composite PMI
         Italy Jun Trade Balance
         EU FinMins Meet
         EU Economic & Financial Affairs Council Meet (Brussels)
Tuesday, July 24 Redbook weekly store sales snapshot
FHFA May House Price Index
Markit US July Flash Composite PMI
Richmond Fed Jul Manufactruring Index
US Treasury Auctions $35B 2-year Notes (1pm et)
    OVERNIGHT into US Wed. a.m. et:
         New Zealand Jun Trade Balance, Q2 Unemployment Rate
         Aussie Jun Skilled Vacancies, Q2 CPI
         France & Spain Jun Release PPI
         German Jul IFO Business Climate, Current Assessment & Expectations
         Swiss Credit Suisse Jul Expectations Survey
         UK Jun Finance Loans for Housing
         ECB releases monthly Data on Lending & Money Supply  (Frankfurt)
Wed.,        July 25 MBA weekly Mortgage/Refinance Applications
US June New Home Sales
EIA weekly Petroleum/Gasoline/Distillates Report

US Treasury Auctions $18B 2-yr Floating Rate Notes (FRN 11:30am et)
Brazil Fx Flows
US Treasury Auctions $36B 5-year Notes (1pm et)
    OVERNIGHT into US Thurs. a.m. et;
        South Korea Q2 GDP
        Japan Jun Corporate Services PPI
        China Jun Swift Global Payments
        Aussie Q2 Import/Export Price Index
        Singapore Jun Industrial Production
        German Aug GfK Consumer Confidence
        Hong Kong Jun Trade Balance
        South Africa Jun PPI
        Spain  Q2 Unemployment Rate
        Brazil BCB National Monetary Council Meets
        Canada CFIB Jul Business Barometer
        ECB Announces its MPC Meeting Decision on Rates/QE  (07/26 local time)
        ECB Chief Draghi post-Meeting Press Conference
Thurs.      July 26 US Jun (P) Durable Goods Orders/Shipments
US (adv) Jun International Trade Deficit
US weekly Jobless Claims
US (adv) Jun Retail Inventories
US (adv) Jun Wholesale Inventories
EIA Natural Gas Report (10:30am et)
K.C. Fed Jul Manufacturing Index
US Treasury Auctions $30B 7-year Notes (1pm et  and could be trouble)
Fed weekly Balance Sheet & US Money Supply
    OVERNIGHT into US Fri. a.m. et:
         Japan Jul CPI |
         Aussie Q2 PPI
         Singapore Q2 Unemployment Rate, URA Property Index 
         China Jun Industrial Profits
         German Jun Retail Sales
         UK Nationwide Home Price Index
         Spain Jun Retail Sales
         Italy Jun PPI
         Russia Jul Interest Rate Decision & Jun GDP
         France Q2 (Adv) GDP
         ECB Survey of Professional Forecasters
Friday,     July 27 US Q2 GDP includes PCE (2nd look after reported 2.2% in 1st guess)
Fed's Bullard speaks
Brazil Jun Bank Lending
U.M. Final July Consumer Sentiment (10am et)
Canada April Budget Balance
Baker-Hughes weekly US/North American Rig Count (1pm et)
Saturday,  July 28 UK Jul Nationwide House Price Index

         WEEKS AHEAD:  0
7/31     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