wall street in advance

June/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,   June 24     OVERNIGHT into US Mon. a.m. et:
         German May Import Price Index
         BoJ Summary of Opinions (Minutes of 06/15 MPC Meeting)
         German IFO Jun. Business Climate, Current Assessment, Expectations
         BoE's Haldane "Town Hall tour" to meet public stops in Wales (thru 26th)
Monday,  June 25 Chicago Fed May National Activity Index
US May New Home Sales
Dallas Fed June Manufacturing Survey
US Treasury Auctions $48B 3-, & $42B 6-month Bills
    OVERNIGHT into US Tues. a.m. et:

         Japan May Corporate Service Price
         UK BBA May Loans for House Purchase, CBI Jun Reported Sales
         BoE's McCafferty delivers valedictory lecture (London)
         IMF Mng Dir Lagarde visits Dublin
Tuesday, June 26 Redbook weekly store sales snapshot
S&P Case Shiller April 20-city Home Price Index
Conference Board's June Consumer Confidence/Expectations
Richmond Fed Manufacturing Index
Fed's Bostic 'chats' @ Birmingham Civil Rights Institute w/Q&A (1pm et AL)
US Treasury Auctions $34B 2-year Notes
Fed's Kaplan
Q&A @ Greater Houston Partnership State of Talent (1:45pm)
    OVERNIGHT into US Wed. a.m. et:
         New Zealand May+YTD Trade Balance, ANZ June Activity Outlook & Business Confidence
         BoJ Q1 Money Flow
         ECB's Praet testifies @ Dutch Parliament
         German May Retail Sales
         China May Industrial Profits
         EU M3 (May) Money Supply
         Credit-Suisse Swiss June Survey of Expectations
         Banco de Mexico Dpty Gov Javier Guzman roundtable (London)
         BoE Gov Carney discusses Financial Stability Report
Wed.,      June 27 MBA weekly Mortgage/Refinance Applications
US May Durable Goods Orders/Shipments
US May Int'l Trade Deficit  (ready for a tweet storm?)
US (Adv) May Retail Inventories + Wholesale Inventories
Fed's V.Chair for Supervision, Quarles addresses 110th UBA Con. (Sun Valley ID)
US May Pending Home Sales
EIA weekly Petroleum/Gasoline/Distillates Report (w/e 06/22)
US Treasury Auctions $16B reopened 2-year FRN Notes (11:30am et)
Fed's Rosengren delivers the 2018 Annual.John Olcay Lecture on "Ethics & Economics: Is the Economy Too Sensitive to Economic Downturns?" @ Peterson Institute for Int'l Economics (D.C. 12:15pm et)
US Treasury Auctions $36B 5-year Notes (1pm et)
Bk of Canada Gov Poloz speaks @ Greater Victoria Chamber of Commerce (Canada)
T-2 End of Month, Quarter & Half Year
    OVERNIGHT into US Thurs. a.m. et:

         Japan May Retail Trade
         Canada CFIB June Business Barometer
         UK June Nationwide House Prices
         China May Swift Global Payments
         German GfK July Consumer Confidence
         ECB publishes Economic Bulletin--June Financial Stability Report
         Eurozone Consumer, Economic, Business, Industrial, Services Confidence
         German June CPI
         RBNZ (New Zealand) MPC announces OCR (Offical Cash Rate)/Change; 06/ 28th local time) )
         SNB Report on Swiss Banks Situation (Zurich)
         BoE's Buck Rogers speak @ Financial Times' Managing Cyber Risk in Critical Infrastructure event, Chatham House Rules. NATO & LSE speakers, too(London)
         BoE's Dir of Financial Markets Infrastructure Bailey Keynote @ Westminster Business Forum + Economist, Haldane, discusses one of Britain's biggest Eco problems, poor productivity growth  (London)
Thurs.      June 28 US (F) 18Q1 GDP,  + PCE
US weekly Jobless Claims
US (F) Q1 Corporate Profits
EIA weekly Natural Gas Report  (10:30am et)
Fed's Bullard (moderated) conversation on US Economy & Monetary Policy @ Ascension Health Mngmnt Annual Conference w/Q&A (St Louis MO 10:45am)
K.C. Fed June Manufacturing Index
US Treasury Auctions $30B 7-year Notes (1pm et)
USDA Farm Prices (3pm et)
US Money Supply & Fed weekly Balance Sheet (4:30pm et)
Fed Reserve, FDIC, OCC release CCAR (Comprehensive Capital Analysis & review) of the 35 biggest banks/holding co's conducting business in the US (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
         New Zealand May Building Permits, ANZ June Consumer Confidence
         UK Lloyds June Business Barometer, GfK June Consumer Confidence
         Japan May Jobless Rate, Industrial Production, Loans & Discounts, Jun CPI
         China BoP Q1 (F) Current Account Balance
         Aussie May Private Sector Credit
         Japan April Vehicle Production, May Construction Orders & Housing Starts, June CPI
         German Jun Unemployment Claims/Change
         UK May Net Consumer Credit, Lending on Dwellings, Mortgage Approvals
         UK Q1 GDP, Total Business Investment
, & Current Account Balance, + May M4 Money Supply, April Index of Services
        Eurozone June CPI
        BoE's David Bailey
speaks on payments regulation in UK (London)
        ECB Chief Draghi participant at European Council Meeting (Brussels)
Friday,    June 29 US May Personal Income/Spending/PCE
Canada April GDP
Chicago June PMI
U.M. (F) June Consumer Sentiment
Canada Q2 Senior Loan Officer Survey, Overall Business Outlook
Baker-Hughes weekly US/North American Rig Count (1pm et)
End of Month, Quarter, Half-Year
Saturday, June 30 BoE Economist Haldane @ Young Quakers "New Economy Now" Conference (London)
China Jun Manufacturing, non-Manufacturing, + Composite PMI
Sunday,    July 01 Q2 Swiss Real Estate Index Family Homes
Mexico General Election (includes President)
    OVERNIGHT into US Mon. a.m. et:
         Aussie AiG Jun Performance of Manufacturing Index & CBA PMI Manufacturing
         Brazil MPC Q3 Long Term Interest Rate Target Announced
         Japan Q2 Tankan Indices + Outlooks
         So. Korea Nikkei Jun Manufacturing PMI
         Japan Official June FX Reserves & Vehicle Production
         India Jun Nikkei Manufacturing PMI
         Russia Markit Jun Manufacturing PMI
         Aussie TD Securities June Inflation & ANZ Job Ads + RBA Commodity Index
         China Caixin Jun Manufacturing PMI
         Swiss May Retail Sales & June SVME Manufacturing PMI
         Eurozone, France, Germany, Italy & Spain Jun Manufacturing PMI
         Italian May Unemployment Rate

         UK June Markit Manufacturing PMI
         Eurozone May Unemployment Rate & PPI
         South Africa Manufacturing PMI + Jun Vehicle Sales
         Singapore Jun Manufacturing PMI
         Brazil Jun Manufacturing PMI
         ECB Economist Praet panelist @ Informal Seminar on Occasion of Erkki Likkanen's Farewell from Bk of Finland (Helsinki Finland)
Monday,  July 02 US June Markit Manufacturing PMI Index
US June ISM Manufacturing Index, Employment, Prices Paid, New Orders
US May Construction Spending
US Treasury Auctions $48B 3-, & $42B 6-month Bills (11:30 am et) +$35B 4-week
Federal Reserve Rases the Amount of Interest Receives & Its Holdings Allowed to Run Off without Reinvestment
Holidays in Canada + Hong Kong
Brazil Jun Trade Balance

    OVERNIGHT into US Tues. a.m. et
        Japan June Monetary Base

        Aussie May Building Approvals
        RBA (Aussie) MPC Statement, Interest Rate Decision & Cash Rate Target
        French Government May Budget Balance
        Spanish Unemployment Rate/Change + CPI
        UK Markit/CIPS Jun Construction PMI
        Hong Kong May Retail Sales
        Eurozone May Retail Sales + PPI
Tuesday,  July 03 US June Motor Vehicle Sales
US May Factory Orders
RBC Canadian Jun Manufacturing PMI
US May (F) Durable Goods Orders/Shipments
ECB Economist Praet @ Gala hosted by Nat'l Bank of Romania (Bucharest)
Equity & Options Markets Close Early--1pm et
SIFMA Controlled (Bond) Markets Close Early--2pm et
    OVERNIGHT into US Wed. a.m. et:
         New Zealand Jun QV House Prices, ANZ Jun Job Ads, AiG Performance of Services IndexCBA Jun Services & Composite PMI
         UK BRC Jun Shop Price Index
         Nikkei Japan Jun PMI Services & Composite
         Aussie May Trade Balance & Retail Sales
         BoJ Harada speaks (Ishikawa)
         China Jun Caixin Services & Composite PMI
         Markit June Eurozone, France, Germany Jun Services & Composite PMIs 
         BoE  FPC (Financial Policy Cmte) Meeting Record of 06/19 Detailed

        Riksbank (Sweden) MPC post-Meeting Rate Announcement/Press Conference
         BoE Dpty Gov for Prudential Regulation, Sam Woods, keynote Seminar: "Building a resilient UK Financial Sector--next steps for prudential regulation, structural reform and mitigating risks" (London)
Wed.        July 04 UK Jun Official Reserves/Change, Markit/CIPS Services & Composite PMI
All US Markets Closed for Independence Day Celebrations
   OVERNIGHT into US Thurs. a.m. et:
         BoJ's Masai speaks (Matsumoro)         
         India Nikkei Jun Services PMI
         Russia Markit Jun Services PMI
         South Africa Standard Bank Jun PMI
         German May Factory Orders
         Swiss Jun CPI
         Austrian Nat'l Bank & the Economic Chamber host an economics conference (to 6th; Vienna Austria)
         Markit German Jun Construction PMI
         BoJ's Masai meets with Business Leaders (Nagano)
         UK Jun New Car Registrations
         Markit Jun Eurozone, Freance, Germany, Italy Services & Retail PMIs

         Brazil May Industrial Production, Markit Services & Composite PMI, FX Flows
         South Korea May Current Account
         Hong Kong Jun Manufacturing PMI
Thursday, July 05 MBA weekly Mortgage/Refinance Applications
Challenger June Job-Cuts Report (7:30am et)
ADP Private Sector Employment Report (8:15am et)
US weekly Jobless Claims (8:30am et)
US June PMI Services Index + Markit Composite PMI
US June ISM Non-Manufacturing Index
/Prices Paid/Employment Outlook (10am et)
EIA weekly Petroleum Stats (11am et)
Brazil Jun Auto Production & Sales
US Treasury Refunding Announcement
FOMC June 12-13 Meeting Minutes Released (2pm et)
Fed Balance Sheet & US weekly Money Supply (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
         Aussie Jun AiG Construction Ndex
         Japan May Labor Cash Earnings+Household Spending& FX
        German May Industrial Production
        South Africa Jun Foreign Reserves
        French May Trade Balance + Current Account
        Aussie Jun FX Reserves
        Swiss Jun FX Reserves
        Italy May Retail Sales
        Hong Kong Jun FX Reserves
        India Bank Deposit & Loan Growth + FX Reserves
        UK Halifax Jun House Prices, Q1 Unit Labor Costs
Friday,     July 06 US June Unemployment Report/Change/Participation/Hourly Earnings
Canada Jun Unemployment Rate/Change/Participation/Full + Part-Time
US May International Trade Deficit
Canada May International Merchandise Trade
Russia CPI
Canada IVEY Jun PMI
EIA weekly Natural Gas Report
Baker-Hughes weekly US/North America Rig Count (1pm et)
Saturday, July 07

         WEEKS AHEAD: 0
7/11    Bk of Canada MPC Meets
                                        07/15     Trump & Putin Summit (Helsinki)
                                        07/26    ECB MPC Meets
                                        07/31    BoJ 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, 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