wall street in advance

March/April 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,   Mar. 25    OVERNIGHT into US Mon. a.m. et:
        New Zealand Feb Trade Balance
        RBNZ (New Zealand Central Bank) Gov Orr steps into his position
        French 17Q4 (F) GDP
       Austrian Central Bk chief Nowotny & Bundesbank Pres. Weidmann on "New Impetus for Europe" (Vienna)
        UK BBA Feb Loans for House Purchase
Monday, Mar. 26 Chicago Fed National Activity Index (10:30am et)
Dallas Fed Manufacturing Survey (10:30am et)
US Treasury Auctions $51B 3-, & $45B 6-month Bills (11:30am et)
Fed's Dudley on regulatory reform at "Conversation with NY Fed Pres Wm Dudley held by US Chamber of Commerce w/Q&A (D.C. 12:30pm et)
US Treasury Auctions $30B 2-year Notes (1pm et)
Fed's Mester on monetary policy at Julis-Rabinowitz Center for Public Policy & Finance w/Q&A @Princeton Univ (Princeton NJ 4:30pm et)
    OVERNIGHT into US Tues. a.m. et:
         Japan Feb Corporate Service Price
         German Feb Retail Sales
         RBA's (Aussie) Kent speaks (Sydney)
         ECB's Liikanen on monetary policy & global economy Presser (Helsinki)
         Eurozone Mar. Economic, Industrial, Services, & Business Climate Indicator
Tuesday, Mar. 27 US Redbook weekly Chain Store Sales Snapshot
S&P Case/Shiller Jan  20-city Home Price Index  (9am et)
Conference Board's March Consumer Confidence
Richmond Fed March Manufacturing Index
Fed's Bostic participates in "Conversation with John Hope Bryant" at "HOPE Global Forums 2018 Annuual Meeting (Atlanta GA 11am)
US Treasury Auctions 4-, & $24B 52-week Auctions (11:30am et)
US Treasury Auctions $35B 5-year Notes (1pm et)
    OVERNIGHT into US Wed. a.m. et:
         UK March Nationwide House Price Index
         New Zealand ANZ Mar. Business Activity Outlook & Biz Confidence
         ECB Monthly Report on Lending & Money Supply
         German GfK April Consumer Confidence
         Swiss KOF Institute Spring Economic Forecast
         BoE's Publishes record of the Financial Policy Cmte Meeting on 03/12
         UK CBI Mar. Reported Sales & Total Distributive Reported Sales
Wed.       Mar. 28 MBA weekly Mortgage/Refinance Applications
Final US 17Q4 GDP, Core PCE, Savings Rate, & Corporate Profits (8:30am et)
US Feb. International Trade Deficit  (8:30am et)
US (Adv) Retail & Wholesale  Inventories (8:30am et)
NAR US Feb Pending Home Sales
EIA weekly Petroleum/Gasoline/Distillates Status (10:30am et -w/e 03/23)
Fed's Bostic participates in "Armchair Chat" w/"Atlanta Society of Finance & Investment Professionals (Atlanta GA 11:30am et)
US Treasury Auctions $15B reopened 2-year FRN (11:30am et)
Ontario FinMin Sousa delivers 2018 Budget (Toronto)
Fed's Harker on economic outlook before NY Ass'n of Business Economics Lunch
US Treasury Auctions $29B 7-year Notes(1pm/this duration lately cold shouldered)
US Farm Prices (3pm et)
    OVERNIGHT into US Thurs. a.m. et:
        New Zealand Feb Building Permits
        UK GfK March Consumer Confidence & Lloyds Mar. Business Barometer
        Japan Feb Retail Trade
        China BoP 17Q4Current Account Balance, Feb Swift Global Payments
        Aussie Feb Job Vacancies & Private Sector Credit
        German March Unemployment Claims/Change/Rate & Mar. CPI
        UK Feb Net Consumer Credit, Lending on dwellings, Mortgage Approvals, 17Q4 Current Account Balance, Jan Index of Services, 17Q4 GDP, Business Investment
        Canada Mar. CFIB Business Barometer, Jan GDP, Feb Industrial Product Prices, Feb Raw Materials Price Index
Thursday, Mar 29 US weekly Jobless Claims
US Feb Personal Income/Outlays

Chicago March PMI
U.M. Final March Consumer Sentiment
EIA weekly Natural Gas Report (10:30am et)
Baker-Hughes US/North America Rig Count
Fed's weekly Balance Sheet & Money Supply
Treasury Markets Close 2pm, Equity Markets 4pm
    OVERNIGHT into US Fri. a.m. et:
        Japan Feb Jobless Rate/Job to Applicant Ratio, Mar. CPI, Feb Industrial  Production, Loans & Discounts, Housing Starts, Construction Orders
        China Mar. Manufacturing & non-Marnutacturing PMI's, Composite PMI
        French, German, Italian PPI, CPI, HICP
        India Italian Feb Fiscal Deficit, Growth in Deposit & Bank Loans, Fx Reserves, Infrastructure Output
Friday,  March 30 All US Markets & Many Western Markets Closed for Good Friday
Saturday, Mar. 31 Japan Feb Motor Vehicle Production
Sunday,   April 1st EASTER SUNDAY
Swuss Q1 Real Estate Index of Family Homes
    OVERNIGHT into US Mon. a.m. et:
         Japan Q1 Tankan Survey
+ Official Japan March Reserve Assets
         So.Korea Mar Trade Balance & Nikkei Manufacturing PMI
         Russia Markit March Manufacturing PMI
         So. Africa Manufacturing PMI
         Brazil March Manufacturing PMI
         Japan Nikkei March PMI Manufacturing Index
         Singapore URA Q1 Property Index & March Manufacturing PMI
         India Current Account
         China Caixan March Manufacturing PMI
         Japan March Vehicle Sales
Monday, April 02 US March Manufacturing PMI
Canada March RBC Manufacturing PMI
ISM March US Manufacturing Index/Orders/Prices Paid/Hiring
US Feb Construction Spending
US Treasury Auctions $48B 3-, & $42B 6-month Bills (11:30am et)
Brazil March Trade Balance
So. Korea Fx Reserves
Holidays in France, Hong Kong, Italy, Spain, Switzerland, Germany, UK, So. Africa
    OVERNIGHT into US Tues. a.m. et:
         Fed's Kashkari
speaks at U of MN Student Town Hall w/Q&A (Duluth MN 6pm)
         Fed Gov Brainard on "Financial Stability" at NYU Stern Center for Global Economy & Business   (NY 6:30pm)
         Bank of Spain/IMF Conference-"Spain: From Recovery to Resilience" (Madrid)
         Aussie CBA March Manufactureing PMI & AiG Performance of Mnftg Index
         Japan Monetary Base End of March
         Aussie March Commodity Index
         So. Korea March CPI
         German Feb Retail Sales
        RBA (Aussie) MPC Rate Decision (04/03 local time)
         India Nikkei Markit March Manufacturing PMI
         Swiss Feb Retail Sales & March Manufacturing PMI+SVME PMI
         Spain Unemployment Report/Change
         Hong Kong Feb Retail Sales
         Eurozone, France, Italy, Germany Markit March (F) Manufacturing PMI
         Brazil Feb Industrial Production
         Ward's US March Total Vehicle Sales Estimate
Tuesday, April 03 US March Motor Vehicle Manufacturers' Individual Sales Totals
UK Markit March Manufacturing PMI
Redbook weekly chain store sales snapshot
Fed's Kashkari for Q&A at Regional Economic Indicators Forum (Duluth 9:30am)
US Treasury Auctions 4-week Bills
   OVERNIGHT into US Wed. a.m. et:
        UK BRC March Shop Price Index

        Japan Nikkei March Services & Composite PMI
        Aussie Feb Building Approvals & Retail Sales
        China Caixin March Services & Composite PMI
        UK Markit/CIPS March Construction PMI
        Eurozone Feb Unemployment Rate, March (Adv) CPI
        Italian 17Q4 Public Debt
Wed.,     April 04 MBA weekly Mortgage/Refinance Applications
ADP March  Private Sector Employment Report
Fed's Bullard speaks @Arkansas Bankers Ass'n & State Bank Dept "Day with the Commissioner" w/Q&A (9:45am Little Rock AK)
Brazil Markit March Services & Composite PMI + Fx Flows
US March Services PMI
US ISM non-Manufacturing Index
US Feb (F) Factory Orders
US Durable Goods Orders/Shipments
EIA weekly Petroleum/Gasoline/Distillates
Stats (10:30am et)
Fed's (Hawk) Mester 'diversity in economics' keynote @Central State Univ. Leaders, Executives, Entrepreneurs and Directors (LEED) Program w/Q&A (Wilberforce OH 11am live-streamed @cleveleandfed)
    OVERNIGHT Into US Thurs. a.m. et:
         New Zealand March QV House Prices & Job Ads+ Commodity Prices
         So Korea Feb. Current Account
         Aussie Feb Trade Balance, AiG March Performance of Services Index & CBA March Services PMI
         German Feb Factory Orders
         Swiss March CPI
         So. Africa Standard Bank March PMI
         India Central Bank Rate Decision, Reverse REPO Rate, Cash Reserve Ratio
         Markit March Eurozone, France, Italy, German Services & Composite PMI
         UK March New Car Registrations, CIPS March Services & Composite PMI
         Eurozone Feb PPI & Retail Sales  
Thursday, April 05 Challenger March Private Sector Job-Cut Report
Canada Feb Merchandise Trade Balance
US Feb. International Trade Deficit

US weekly Jobless Claims
CCAR & Capital Plans due from the 16 largest Domestic & International Banks operating in the US (Federal Reserve)
EIA Natural Gas Report (10:30am et)
Brazil March Auto Production & Sales
SNB (Swiss Nat'l Bank)'s Maechler & Dewet Moser speak @Money Market Event (Zurich)
US Treasury Refunding Announcement includes 10- & 30-year Bonds
Fed's Bostic speaks, w/Q&A on Financial Literacy Day  @Univ of So. Fla. (Sarasota FL 1pm) 
US Fed Balance Sheet & Money Supply
Holidays in China & Hong Kong
    OVERNIGHT into US Fri. a.m. et:
         Japan Feb Household Spending
, Avg. Cash Earnings, March Fx Reserves
         German Feb Industrial Production
         Swiss March Fx Reserves
         Markit Eurozone, France, German, Italian Retail PMI
         Spain Feb Industrial Production
         French Feb Exports, Current Account, Gov't Budget Balance, Trade Deficit
         Hong Kong March Manufacturing PMI
         ECB's Coeure on "The Outlook for the Economy & Finance" (Cernobbio Italy)
         Norges (Norway) Gov. Olsen speaks (London)
         UK 17Q4 Unit Labor Costs, Housing Equity Withdrawal
Friday,    April 06 US March Unemployment Report/Change/Participation
Canada March Employment Report/Change/Participation/Part-Time/Earnings & Ivey March PMI
Russia CPI
Baker-Hughes weekly US/North American Rig Count (1pm)
US Feb. Consumer Credit (debt really 3pm et)
China Holiday
Saturday, April 07 Fed's Evans on Financial Stability, the Global Economy & Monetary Policy, a discussion with Charlges Evans & Lars Peter Hansen (Noble Memorial Prize in Economics)" during Chicago Graduate China Forum w/Q&A (Chicago 10:30am)
China March Fx Reserves

         WEEKS AHEAD:  0
4/11   FOMC Minutes of March 20--21st Meeting (2pm Discussed more pressers?)
                                        04/18    BoC (Canada) MPC Meets
                                                      FOMC Beige Book
                                        04/26    ECB MPC Meets
                                                    Riksbank (Sweden) MPC Meets
                                        04/27   BoJ MPC Meets  
                                 05/01--02   FOMC 2-day Meeting
*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 became Pres of the San Francisco Fed after Janet Yellen became Fed Chairperson, and Cleveland Fed's Loretta Mester, a 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..