wall street in advance

July/August 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 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
Sunday,    July 29 German Jun Retail Sales
    OVERNIGHT into US Mon. a.m. et
        South Africa Jun Private Sector Credit & M3 Money Supply
        Spain CPI & HICP
        Japan Jun Retail Trade, BoJ starts MPC 2-day Meeting
        UK BoE Jun Net Consumer Credit, Mortgage Approvals, Lending Secured by Dwellings, M4 Money Supply
        Eurozone Jul Economic, Business, Industrial, Services, & Consumer Confidence
        German Jul CPI & HICP
Monday,  July 30 US Jun Pending Home Sales Index
Brazil Jun Budget Balance & Debt/GDP Ratio
Dallas Fed July Manufacturing Survey
US Treasury Auctions $51B 3-, & $45B 6-month Bills (11:30am et that's it for wk)
Federal Reserve Bank Loan Officer Survey
USDA Farm Prices (3pm et  Tariff impact? )
    OVERNIGHT into US Tues. a.m. et
         South Korea Jun Industrial Production, Aug Manufacturing BSI Index, Retail Sales, Jun Service Sector Output
         Japan Jun Jobless Rate, Industrial Production, Loans + Discounts
         UK GfK Jul Consumer Confidence
         China Jul Manufacturing, non-Manufacturing + Composite PMI
         Aussie Jun Building Approvals, Private Sector Credit, HIA New Home Sales
         Japan May Vehicle Production, Jun Construction Orders, Housing Starts, Jul Consumer Confidence
          New Zealand Jul Building Approvals, Housing Credit, Private House Approvals
         Singapore Jun Bank Lending + Q2 Business Expectations
         BoJ MPC Interest Rate Decision/Outlook/10-yr yield Target/Bond Buys
         SNB (Swiss) 17Q2 Currency Allocation
         Eurozone Q2 GDP & Jun Unemployment Rate
         Eurozone, French & Italian Jul CPI & HICP
         Italy Q2 GDP & Monthly Unemployment Report
         Spain Q2 GDP & Current Account
         South Africa Jun Unemployment Rate
         German Jun Unemployment Rate, Jul Jobless Claims/Change
         Canada May GDP, Jun Industrial Product +  Raw Materials Prices
Tuesday,  July 31 FOMC 2-day Meeting Starts
US Jun Personal Income & Spending, Real Personal Consumption, + PCE
Brazil Unemployment Rate
Q2 Employment Cost Index (ECI)
Canada May GDP, Jun IPPI, RMPI
Mexico Q2 GDP
S&P/Case Shiller May 20-city Home Price Index
Redbook weekly store sales snapshot
Jul Chicago PMI
Conference Board's Jul Consumer Confidence (10am et)
Dallas Fed Jul Services Revenue & Texas Jul Services Sector Outlook
US Treasury Auctions 4- week  Bills
    OVERNIGHT into US Wed. a.m. et:
         New Zealand Jul QV House Prices, Q2 Unemployment Rate/Change/ Participa- tion/Private Wages/Overtime/Avg Hourly Earnings
         Aussie Jul AiG Performance of Manufacturing Index & Manufacturing PMI & Commodity Prices
         South Korea Jul CPI, Trade Balance
         UK Jul BRC Shop Price Index
         Japan Jul Official Reserve Assets & Jul Vehicle Sales +Manufacturing PMI
         Aussie CoreLogic Jul House Prices, Commodity Index
         China Caixan Jul Manufacturing PMI
         India Nikkei Jul Manufacturing PMI
         Russia Jul Markit Manufacturing PMI
         Markit Eurozone, France, Germany, Italy, Spain Jul Manufacturing PMI
         Hong Kong Jun Retail Sales
        India MPC Interest Rate Decision, Reverse REPO Rate, Cash Reserve Ratio
         UK Markit Jul Manufacturing PMI & Nationwide HPI
Wed.        Aug 01 US July Motor Vehicle Sales
MBA weekly Mortgage/Refinance Applications
ADP Jul Employment Report (8:15am et Anyone else find it worthless?)
Canada Markit Jul Manufacturing PMI
Brazil MPC Rate Decision, Jul Markit Manufacturing PMI, Trade Balance
US Treasury Refunding Announcement
US July Manufacturing PMI
US July ISM Manufacturing Index/Prices Paid/New Orders/Employment
US June Construction Spending
Markit Mexico Jul Manufacturing PMI
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et/w-e 7/27)
FOMC post-Meeting Interest Rate Statement (2pm et)
    OVERNIGHT into US Thurs. a.m. et:
        BoJ's Amamiya speaks (Kyoto)
        Swiss Jun Retail Sales, Jul Manufacturing PMI, SECO Consumer Confidence & SVME PMI
        BoE Inflation Report
        Spain Unemployment Rate/Change 
        UK Markit/CIPS UK Jul Construction PMI
        Eurozone Jun PPI
        BoE MPC Aug Rate Decision, Asset Purchase Target, Bond Buying Target, Q3 Inflation Report  (08/02 local time)        
Thursday, Aug 02 BoE Gov Carney post-Meeting Press Conference
Challenger Jul US Lay-off Report
Brazil Jun Industrial Production
US weekly Jobless Claims
US Jun Factory Orders
Singapore Jul Manufacturing PMI
Russia Central Bank Reserves
US Jun (F) Durable Goods Orders & Shipments
EIA weekly Natural Gas Report
Mexican MPC Announces Overnight Interest Rate, Target
Fed weekly Balance Sheet & US Money Supply
    OVERNIGHT into US Fri. a.m. et:
         South Korea Fx Reserves
         Aussie Jun Trade Balance, Jul Performance of Service Index, CBA Services PMI
         BoJ Minutes of Jun 14-15 Policy Meeting. Nikkei Jul Services & Composite PMI
         Aussie Jun Retail Sales
         China Caixan Jul Services & Composite PMI
         Swiss Jul CPI
         Eurozone, Germany, France, Italy, Markit Jul Services & Composite PMI
         India Bank Deposit & Loan Growth, + Fx Reserves 
         UK Jul Official Reserves/Changes, Markit/CIPS Jul Services & Composite PMI
Friday,     Aug 03 US July Unemployment Report /Change/Participation/Avg Hrly Earnings
Canada Jun Int'l Merchandise Trade Balance
US Jun International Trade Deficit (Trump obsession & billy club)
Brazil Markit Jul Services & Composite PMI
Mexico Jul Consumer Confidence
US Jul Services PMI
US Jul ISM Services Index
Baker-Hughes weekly US/North American Rig Count (1pm et)
Saturday, Aug 04

         WEEKS AHEAD:  
08/07 RBA (Aussie) MPC Meets
                                                     BoJ Releases July 30--31st Meeting Minutes
                                          08/09   RBNZ (New Zealand) MPC Meets
                                                     Chicago Fed's Evans interviewed by reporters on target rate upper limit
                                          08/16   Norges Bank (Norway) MPC Meets
                                                     FOMC Aug 1st Meeting Minutes
                                          09/13   ECB MPC Meets
                                                     BoE MPC Meets
                                   09/25--26   FOMC Meets, Updates Forecasts, Press Conference to Follow
*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