wall street in advance

September 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,   Sept 16     OVERNIGHT into US Mon. a.m. et:
        New Zealand Aug Performance of Services Index & Westpac Q3 Consumer Confidence
        Singapore Aug Trade Balance & Non-Oil Exports
        Riksbank Minutes of MPC Meeting
        Riksbank Gov Ingves discussant on lessons learned from the banking crisis of the 1990s (Stockholm)
        ECB's Coeure speaks at German Institute for Economic Research (Berlin)
        UK Rightmove Sept House Prices
        Eurozone Aug (F) CPI
        Italian Jul Trade Balance
        Eurozone Aug CPI
        Canadian Jul International Securities Transactions
Monday, Sept 17 NY Fed Empire State Sept Manufacturing Survey
US Treasury Auctions $48B 3-, & $42B 6-month Bills
Canada Aug Existing Home Sales & Jul Foreign Securities Purchases
Japanese Holiday (Respect for Aged)
    OVERNIGHT into US Tues. a.m. et:
        Japan Aug Dept Store Sales
        Aussie RBA Sept Meeting Minutes, Q2 House Price Index
        New Zealand Aug Offshore Holdings
        Italian  Jun Industrial New Orders & Sales
        Hong Kong Aug Unemployment Rate
        Canada Jul Manufacturing Sales
        ECB's Draghi & Nouy speak @ "Financial Supervision and the Role of National Authorities in Europe" (Paris FR) ECB/French Central Banker de Galhau also speaks (Tuesday local time)
        Riksbank 1st Dpty Jochnick participates in Moody's Swedish Real Estate Conference--Are we at the top of the real estate cycle?   (Stockholm)
Tuesday, Sept 18 Redbook weekly store sales snapshot
US NAHB Sept Housing Market Index (10am et)
Russia PPI
Brazil Federal Tax Revenue
US TICS (4pm et)
Yom Kippur Starts at Sundown
    OVERNIGHT into US Wed. a.m. et:
        New Zealand Q2 GDP & Current Account Balance
        Japan Aug Trade Balance
        UK Sep CBI Selling Price & Total Order Trends
        Aussie Aug Skilled Vacancies, RBA Gov Kent speaks (Sydney)
        BoJ MPC 2-day Meeting Decision, Monetary Policy Statement (9/19 local)
        Swiss SECO Sept. 2018 Economic Forecasts
        South Africa Aug CPI
        EU 27 Aug New Car Registrations, Jul Current Account
        UK Aug CPI, Retail Price Index, PPI (Input & Output), Jul House Price Index
        BoE's Chief Economist Haldane lecture at Bk of Estonia's 100th Anniversary Conference (Estonia)
        Eurozone Jul Construction Output
Wed.,      Sept 19 MBA weekly Mortgage/Refinance Applications
US Aug Housing Starts/Building Permits
US Current Account (8:30am et)
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et w/e 09/14)
Russia Monthly GDP
Brazil MPC Interest Rate Decision
Yom Kippur, the day of atonement, Ends at Sundown
    OVERNIGHT into US Thurs. a.m. et:
         New Zealand Q2 GDP
         RBA Bulletin
         BoJ Q2 Money Flow
         Norge Bank MPC Rate Decision + Press Conference (09/20 local time)
         SNB (Swiss) MPC Interest Rate Decision (09/20 local time)
         Swiss KOF Institute Autumn Economic Forecast
         Riksbank Dpty Gov Skingsley presents Economic Situation & Current Monetary Policy @ Breakfast (Stockholm)
         China FX Aug Net Settlement
         Japan Aug Supermarket Sales
         RBA Aug FX Transactions
         Swiss Aug Trade Balance, & Swiss Watch Exports
         UK Aug Retail Sales
         Canada Aug ADP Payrolls Report
         South Africa MPC Sept Interest Rate Decision/Prime Rate
Thurs.     Sept 20 ECB Chief Economist Praet speaks (NY)
US weekly Jobless Claims
Philly Fed Sept Business Outlook Survey
NAR Aug Existing Home Sales
EIA weekly Natural Gas Report
US Refunding Announcement
US Treasury Auctions $11B reopened 10-year TIPS
Fed Balance Sheet & Money Supply
South Korea Aug PPI
    OVERNIGHT into US Fri. a.m. et:
         Japan Nikkei Sept (P) Manufacturing PMI + Jul All Industry Activity Index
         New Zealand Aug Credit Card Spending & Visitors/Migration
         Japan Aug CPI, Foreign Investments in Japanese Stocks & vice versa
         French Q2 GDP
         Eurozone, France, German, Markit Sept (P) Manufacturing, Services, & Composite PMI
         Spanish Trade Balance
         Turkish FinMin Meets German FinMin (Berlin)
         UK Aug Central Gov't NCR, Public Sector Net Borrowing
Friday,   Sept 21 Quadruple Witch Expiration
Markit Flash US Sept Manufacturing, Services & Composite PMI
Canada Jul Retail Sales, Aug CPI
Baker-Hughes weekly US/North American Rig Count (1pm et)
    OVERNIGHT into US Sat. a.m. et:
         Riksbank's (Sweden) 350th Anniversary (Stockholm; Saturday, 9/22 local time)
Saturday, Sept 22
Sunday,   Sept 23 OPEC & non-OPEC Producer Quota Allies Meet (Algeria)
U.N. General Assembly Meets (NY)
   OVERNIGHT into US Mon. a.m. et:
        BoJ Minutes of July 30--31st MPC Meeting (Tokyo)
        German IFO Sept Business Climate & Aug. Import/Export & Wholesale Price Indices
          Mon. 09/24 holidays in So Africa, So Korea, Japan, China
          UK Sept CBI Orders & Selling Trend Prices
          Canada Jul Wholesale Trade Sales
Monday,  Sept 24 Chicago Fed Sept Nat'l Activity Index
Dallas Fed Sept Manufacturing Survey
ECB Pres Draghi speaks @ EU Parliament ECON Cmte hearing
Brazil Aug Current Account, Foreign Direct Investment, Federal Tax Revenue
US Treasury Auctions $48B 3-, & $42B 6-month Bills (11:30am et)
US Treasury Auctions $37B 2-year Notes (1pm et)
US Assesses Tariffs on another $200B Chinese Goods Imported to US
    OVERNIGHT into US Tues. a.m. et:
        Japan Corporate Services Price Index Aug Supermarket Sales
        BoJ Chief Kuroda speaks to biz leaders (Osaka)
        ECB's Praet, Coeure + US Larry Summers speak at ECB 3rd Annual Research Conference "Saving the Heartland" (Frankfurt Germany)
        Spain PPI
        Norges Bank Gov Olsen speaks at Centre for Monetary Economics/BI Norwegian Business School
        Italian Jul Trade Balance
        BoE's Vlieghe speaks @Imperial College Business School (London)
        Brazil MPC Meeting Minutes Released + Inflation Report
        Risk.net 7th Annual Liquidity & funding Risk Conference (London)
        Tues. 09/25 holidays in Hong Kong & South Korea
Tuesday, Sept 25 FOMC 2-day Meeting Begins
Redbook weekly store sales snapshot
Philly Fed non-Manufacturing Business Outlook Survey 
S&P Case Shiller Jul 20-city Home Price Index
FHFA Jul House Price Index
Conference Board's Sept Consumer Confidence
Richmond Fed Sept Manufacturing Index
Dallas Fed Services Revenues
US Treasury Auctions $17B reopened 2-year FRN Notes (11:30am et)
US Treasury Auctions $38B 5-year Notes (1pm et)
    OVERNIGHT into US Wed. a.m. et:
         New Zealand Aug Trade Balance & Sept ANZ Consumer + Biz Confidence Indexes
         Credit Suisse Sept Swiss Survey Expectations & Sept ZEW Expectations
         UK Aug BBA Loans for House Purchases, CBI Sept Reported Sales, Total Distributed Reported Sales
         South Korea Holiday Wed. 09/26 (local time)
         ECB's Mersch & Smets speak at digital finance conference (Brussels)
         ECB Pres Draghi receives German Pres. Steinmeier at ECB Hdqtrs (Frankfurt)
         Singapore Aug Industrial Production
Wed.       Sept 26 MBA weekly Mortgage/Refinance Applications
US Aug New Home Sales
Brazil Aug Bank Lending
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et, w/e 09/21)
Google, Amazon, Twitter & Facebook testify at US Senate Commerce Cmte
FPA Foreign Policy Ass'n World Leadership Forum: US+China Taking Stock & Looking Ahead (NY timed to coincide with U.M. GA)
FOMC post-Meeting Rate Decision + SEP (Member Financial Forecasts 2pm et)
FOMC Gov Powell Press Conference (2:30pm et)
T-2 for End of Month/Quarter
    OVERNIGHT into US Thurs. a.m. et:
         RBNZ (New Zealand) MPC Interest Rate Decision, Policy Statement & Press Conference
         China Aug Swift Global Payments, Industrial Profits
         Aussie Aug Job Vacancies
         BoJ's Kuroda speaks (Tokyo) 
         German Oct GfK Consumer Confidence, Aug Retail Sales, Sept CPI
         French Aug Consumer Spending
         Italy Aug Unemployment Rate & PPI
         Hong Kong Aug Exports/Imports
         ECB Releases Economic Bulletin
         South Africa Aug PPI
         Canada CFIB Sept Business Barometer
         BoE's Haldane panelist @ Money, Macro, & Finance Research Conf.  (London)
         BoE's Carney panel chair on "Sustainable Finance" at 3rd European Systemic Risk Board Annual Conference (Frankfurt) (Frankfurt)
Thursday, Sept 27 US Aug Durable Goods Orders/Shipments
US Q2 GDP, PCE
US Aug Int'l Trade Deficit
US weekly Jobless Claims
US Q2 Corporate Profits
US (Adv) Aug Retail Inventories
US (Adv) Aug Wholesale Inventories
SEC Chair Clayton fireside chat at Rosenblatt 11th Global Leader Exchange (NY)
US Aug Pending Home Sales Index
EIA weekly Natural Gas Report
WSJ Global Food Forum w/speakers like USDA, FDA, GRUB, IBM, US Sec'y of Ag Sonny Purdue, SFM, Syngenta, HSY, Bayer, BG, EU @ globalfood.wsj.com
K.C. Fed Sept Manufacturing Index
US Treasury Auctions $31B 7-year Note (1pm et Duration helped by hike Wed?)
USDA Farm Prices (3pm et)
Fed's Kaplan on "What you Really Need to Lead: The Pow3er of Thinking and Acting like an Owner"  @ Forum for Minorities in Banking (K.C. Fed thru 28th)
Fed Balance Sheet (Shrinkage increases starting Oct) + US weekly Money Supply
    OVERNIGHT into US Fri. a.m. et:
        BoC's Poloz speaks @ Atlantic Provinces EconomicCouncil (New Brunswick)
        New Zealand Aug Building Permits
        UK GfK Sept Consumer Confidence + Lloyds Business Barometer
        Japan Aug Jobless Rate/Change, Sept CPI, BoJ Sept Mtg Summary of Opinions, Aug Retail Trade, Industrial Production
       China Q2 (F) Current Account Balance
       UK  Sept Nationwide House Price Index
       Aussie Aug Private Sector & Housing Credit
       Caixin China Sept Manufacturing PMI
       Singapore Aug Bank Lending
       Japan Jul Vehicle Production, Aug Construction Orders & Housing Starts
       German Sept Unemployment Rate/Claims/Change
       UK Q2 Current Account Balance, GDP, Total Business Investment, HPI
       BoE's Ramsden speaks @ Society of Prof. Economists Annual (London)
       Eurozone, French, German, Italy, Spain Sept CPI & HICP
       India Bank Loan & Deposit Growth, Aug Federal Fiscal Deficit, Infrastructure Output
Friday,    Sept 28 US Aug Personal Income/Expenditures + Savings/PCE
Canada Jul GDP, Aug Industrial & Raw Materials Price Indices
Brazil Unemployment Rate
South Africa Aug Trade Balance
Chicago Sept PMI
Fed's Barkin speaks @ Forum for Minorities in Banking
BoE's Ramsden speaks (London)
Brazil Aug Budget Balance
U.M. final Sept Consumer Sentiment
India Q2 Foreign Debt
Canada Budget Balance
Baker-Hughes weekly Rig Count
NY Fed's Williams keynotes "Reserve Reductions, Money Markets & Future Frameworks" Columbia Univ School of Int'l & Public Affairs & NY Fed Joint event with Q&A (4:45pm)
    OVERNIGHT into US Sat. a.m. et:
         Fed's Williams (4:45pm et) & ECB's Hothausen, BoJ Shimizu, speak at Columbia Univ School of Int'l Affairs & Fed Reserve Bank of NY Joint "Reesrve Reductions, Money Markets, and Future Frameworks  Conference" (NY)
Sat.         Sept 29 China Sept Manufacturing & Non-Manufacturing PMI

         WEEKS AHEAD:    10/01    Boston Fed's Rosengern speaks at NABE (12:15pm et)
                                                         Mary Daly new Pres/CEO of San Francisco Federal Reserve Bank
                                           10/02   FOMC Chief Powell Speaks @ NABE (noon luncheon)

*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, 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 Prices