wall street in advance

November/December 2019  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,    Nov 24 German Oct PPI
    OVERNIGHT into US Mon. a.m. et:
        ECB's Lane
speaks (Luxembourg)
        German IFO Nov Current Assessment/Expectations
        UK CBI Nov Reported Sales/Total Distributed Sales
        Brazil Oct Current Account, Foreign Direct Investment
        Mexican Sept Economic Activity IGAE
Monday,   Nov 25 Chicago Fed Nov National Activity Index (8:30am et)
Canada Sept Wholesale Sales
Dallas Fed Nov Manufacturing Survey  (10am et)
US Treasury Auctions $45B 3-, & $39B 6-month Bills (11:30am et)
US Treasury Auctions $40B 2-year Notes (1pm et)
    OVERNIGHT into US  Tues. a.m. et
        Fed's Powell speaks
@Greater Providence Chanmber of Commerce Annual Dinner (7pm et  Providence RI)
        New Zealand Q3 Retail Sales
        RBA's Debelle speaks (canberra)
        Japan Oct Corporate Services Price Index, BoJ Core CPI
        Singapore Oct Industrial Production
        German Oct Retail Sales, GfK Dec Cosumer Confidence/Expectations
        RBA's Lowe speaks (Sydney)
        Swiss Q3 Level of Employment
        Hong Kong Oct Trade Balance
        Italian Oct Trade Balance
        UK BBA Oct Loans for House Purchases
Tuesday   Nov 26 US Sept Int'l Trade Deficit   (8:30am et)
US Retail (adv) Inventories
US Wholesale (adev) Inventories
Redbook weekly store sales snapshot (8:55am et)
S&P Case Shiller Sept Home Price Index (9am et)
FHFA Sept House Price Index
US Oct New Home Sales
  (10am et)
Conference Board's Nov Consumer Confidence
US Treasury Auctions $18B reopened 2-year FRN (11:30am et)
Richmond Fed's Nov Manufacturing Shipments, Services Index
Fed Gov Lael Brainard speaks on  the FRB Framework Review of Monetary Policy Strategy, Tools & Communications @NY Ass'n for Business Economics 2019 William F. Butler Award event (NY 1pm et)
US Treasury Auctions $41B 5-year Notes 
    OVERNIGHT into US Wed. a.m. et:

        New Zealand Financial Stability Report, Oct Trade Balance
        UK BRC Nov Shop Price Index
        Aussie Q3 Construction Work Done
       Chiina Oct Industrial Profits
        BoJ's Sakurai speaks
        Swiss ZEW Nov Expectations
        UK Nov Nationwide House Price Index, BoE MPC Treasury Cmte Hearings (est.)
        Credit Suisse Nov Survey Expectations
Wed.        Nov 27 MBA weekly Mortgage/Refinance Applications  (7am et)
US Oct Durable/Capital Goods Orders/Shipments (8:30am et)
US Q3 GDP/PCE (2nd guess)
US weekly Jobless claims
US Q3 Corporate Profits
US Oct Persxonal Income/Spending/PCE  (10am et)
NAR Oct US Pending Home Sales Index
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report
(10:30am et)
Survey of Business Uncertainty (11am et)
US Treasury Auctions 4-, & 8-week Bills  (11:30am et/ value to be announced 11/26)
US Treasury Auctions $32B 7-year Notes (11:30am et)
EIA weekly Natural Gas Report  (noon et)
Baker-Hughes weekly US/North American Rig Count (1pm et)
Fed's Beige Book (2pm et)
USDA Farm Prices
    OVERNIGHT into US Thurs. a.m. et:

        South Korea Dec Manufacturing BSI Index
        Japan Oct Retail Trade, Foreign Inestments in Japanese Stocks/Bonds, Retail Sales
        New Zealand ANZ Nov business Confidence, Q3 Private CapEx
        Aussie Q3 CapEX
        Swiss Sovereigh Debt Rating from Moody's Expected
       Swiss Q3 GDP
        Eurozone Business, Industrial, Services, & Consumer Nov Confidence
        UK Nov Nationwide Hone Price Index
        Eurozone, French, German, Italian, Spanish Nov CPI, HICP

        Italian Oct PPI
        South Africa Oct PPI
Thurs.      Nov 28 US Thanksgiving Holiday--All US Markets Closed
Canada Q3 Current Account Balance
    OVERNIGHT into US Fri. a.m. et:
        New Zealand Gov't 4-month Financial Statements, Oct Building Permits
        South Korea Oct Industrial Production, Retail Sales, Service Sector Output
        Japan Oct Jobless Rate/Change, Oct Industrial Production, Nov CPI
        UK GfK Nov Consumer Confidence, Lloyds Business Barometer
        Aussie Oct Private Sector Credit, HIA New Home Sales, Housing Credit
        Japan Sept Vehicle Production, Oct Construction Orders, Housing Starts, Consumer Confidence
        South Korea Nov MPC Interest Rate Decision
        RBI (India) Monetary & Credit Information Review, Federal Fiscal Deficit
        Singapore Oct Bank Lending
        French Q3 GDP
        German Nov Unemployment Claims/Rate/Change
        Italian Oct Unemployment Rate/Change, Q3 GDP
        UK Oct Consumer Credit, Mortgage Approvals, Lending
on Dwellings, M4
        South Africa OCt Trade Balance
        Eurozone Nov CPI, Oct Unemployment Rate
        Brazil Oct Budget Balance
Friday,     Nov 29 Canada Sept & Q3GDP, Oct Industrial Product Price Indx, Raw Materials Price Index
Chicago Nov PMI (9:45am et)
Canada Sept Budget Balance
Black Friday--Equities Close 1pm; Treasuries Close 2pm
Fed weekly Balance Sheet (4:30pm et) + US Money Supply
    OVERNGHT into US Sat. a.m. et:
        China Nov Manufacturing/non-Manufacturing/Composite PMI

Saturday, Nov 30 South Korea Nov Trade Balance
Sunday,    Dec 01 ECB Pres. Lagarde participates in ceremony with presidents of EU Parliament, EU Commission & European Council marking 10th anniversary of the Lisbon Treaty (Brussels)
    OVERNIGHT into US Mon. a.m. et:
        Japan Nov Official Reserves, Q3 Capital Spending, Corporate Sales/Inventoires/ Profits
        Aussie AiG Performance of Manufacturing Index, Aussie CoreLogic Nov HPI, Oct  Building Approvals
        New Zealand Q3 Terms of Trade
        China Nov Caixin Manufacturing PMI
        Aussie RBA Nov Commodity Index, ANZ Job Ads, Q3 Corporate Gross Operating Profit, Business Inventories, Company Pre-tax Profits
        German Oct Retail Sales
        South Korea Nov CPI
        Japan Q3 Capital Spending, Nov Nikkei Manufacturing PMI
        India Nov Nikkei Markit Manufacturing PMI
        Russia Nov Manufacturing PMI
        Swiss Oct Retail Sales, Nov Manufacturing PMI, procure.ch Nov Manufacturing PMI
        Hong Kong Oct Retail Sales
        Markit Eurozone, France, Germany, Italy Nov Manufacturing PMI
        ECB Pres. Lagarde testifies @European Parliament ECON Hearing (Brussels 15:00cet)
        Speakers @BoE "New Approaches for Modelling Expectations in Economics" include Chief Economist Haldane, and more here (BoE, London, thru 3rde)
Monday,   Dec 02 Canada Nov RBC Manufacturing PMI (9:30am et)
Markit US Nov Manufacturing PMI (9:45am et)
US Nov ISM Manufacturing Index/Employment/Prices Paid/New Orders (10am et)
US Oct Construction Spending 
Mexico Nov Markit Manufacturing PMI
US Treasury Auctions $42B 3-, & $36B 6-month Bills (11:30am et)
Apple Inc (AAPL) Press Event honoring fave apps & games of 2019 (NYC 4pm et)
Brazil Nov Trade Balance
    OVERNIGHT into US Tues. a.m. et:
        South Korea Q3 GDP
        China Nov Composite PMI
        UK Nov BRC Like-for-Like Sales Monitor
        Aussie Q3 GDP, Current Account, Net Exports:GDP
        RBA (Aussie) Interest Rate Decision (12/03 local time)
        French Oct Gov't Budget Balance
        South Africa Q3 GDP
        BoE MPC Treasury Cmte Hearings
        Brazil Q3 GDP
        Singapore Manufacturing PMI
        ECB's Couere participates in event organized by ECB Representation (Brussels)
Tuesday,  Dec 03 US Redbook weekly store sales snapshot
US Nov Total Motor Vehicle Sales
ISM Nov NY Business Conditions
US Treasury Auctions $26B 52-week Bills
(11:30am et)
     OVERNIGHT into US wed. a.m. et:
        Aussie Q3 GDP/CapEx/Consumption, Nov CBA Performance of Services/Composite PMI
        RBA Chart Pack Release
        Japan Jibun Bank Nov Services/Composite PMI
        China Caixin Nov Services/Composite PMI
        Hong Kong Nov Manufacturing PMI
        New Zealand QV Nov House Prices
        India Nov Nikkei Services PMI
        South Africa Nov Standard Bank PMI
        Swiss Nov CPI, HICP
        Eurozone, France, Germany, Italy, Spain Nov Services/Composite PMI
        UK Markit/CIPS Nov Construction PMI, Services/Composite PMI, Q2 Labor Costs
        Eurozone Oct PPI
        Brazil Oct Industrials Production/Services/Composite PMI
        ECB's Lagarde & Couere at Eurogroup Meeing (Brussels)
Wed.        Dec 04 US weekly Mortgage/Refinance Apps (7am et)
ADP Nov US Private Sector Employment Count/Change (8:15am et)
Canada Q3 Labor Productivity
US Markit Nov Services/Composite PMI (9:45am et)
Trump & his Counsel Invited to Appear at US House Judiciary Cmte Impeachment Hearing
ISM Nov non-Manufacturing/Services/Composite
Bk of Canada Interest Rate Decision, Press Conference
Fed V.Chair Quarles speaks on Supervision & Regulation @US US House FinServ Cmte  (10am et; D.C.)
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (w/e 11/29)
Brazil Oct Industrial Production, Markit Nov Services/Composite PMI
Viacom + CBS merger should close
    OVERNIGHT into US Thurs. a.m. et:
        Japan Reuters Dec Tankan Index

        New Zealand Q3 Volume of All Buildings
        RBNZ (New Zealand) Publishes Bank Capital Review Decisions
        Aussie Oct Trade Balance, Retail Sales
        BoJ's Harada speaks (Oita)
        German Oct Factory Orders, Markit Nov Construction PMI
        UK Nov New Car Registrations
        RBI (India) Interest Rate Decision/Cash Reserve Ratio/Reverse REPO Rate
        Eurozone Q3 GDP, Gov't Expenditures, Unemployment/Change, Oct Retail Sales, Gross Fixed Capital
        OPEC & OPEC+ Production Quota Meeting (Vienna, Austria thru 6th)
        BoE Monhtly Decision Maker Panel Data
        ECB's de Guindos participates at ECOFIN Meeting (Brussels) 
Thurs,      Dec 05 Challenger Nov Lay-offs Report   (7:30am et)
US weekly Jobless Claims/Continuing Claims
Canada Oct Trade Balance
US Oct Trade Balance  (8:30am et)
Bk of Canada Dpty Gov Lane Provides Economic Progress Report Press Conference, Oct Int'l Merchandise Trade, Canada Ivey Nov PMI
US Oct Factory Orders (10am et)
Deadline for Pres Trump to respond to Supreme Court on Release of Tax Returns
Fed V. Chair Quarles on Supervision & Regulation @US Senate Banking Cmte (10am)
US Oct (F) Durable Goods/Capital Goods Orders/Shipments
Brazil Nov Auto Production/Sales
EIA weekly Natural Gas Report (w/e 11/29)
    OVERNIGHT into US Fri. a.m. et:
        Japan Oct Labor Cash Earnings, Overall Household Spending/Overtime
        China Nov Foreign Reserves
        UK CBI Total Orders/Selling Trends+Prices
        Aussie Nov Foreign Reserves, AiG Nov Constructon Index
        German Oct Industrial Production
        French Trade Balance

        UK Halifax Nov House Price Index
        Hong Kong Fx Reserves
        India Bank Deposit & Loan Growth, Fx Reserves
        Russia Nov CPI
        Swiss Nov Fx Reserves
Friday,     Dec 06 US Nov Unemployment Report/Change/Participation/Wages/Workweek  (8:30am et)
Canada Nov Employment Rate/Change/Wages/Participation Rate
NY FRB/Communilife/NYC Health +Hospitals & Robert W Johnson Foundation--Healthy Communities: "New Sources of Place-based Capital to Improve the Upstream Social Determination of Health" (NY FRB
U.M. (P) Dec. Consumer Sentiment/Expectations  (10am et)
US Oct (F) Wholesale Trade Inventories
Baker-Hughes weekly US/North America Rig Count  (1pm et)
US Oct Consumer Credit  (3pm et)
Saturday, Dec 07
China Fx Reserves
      WEEKS AHEAD: 12/10--11   FOMC Meeting (2pm et)
                                     12/11    Fed Chair Powell Press Conference (2:30pm et)
                                     12/12    ECB MPC Meeting
                                                  SNB (Swiss) MPC Meeting
                                     12/13     FRB Chicago 33rd Annual Economic Outlook Symposium (Chicago Fed
                                     12/19    BoJ MPC Meets
                                                  BoE MPC Meets

*FOMC 2019 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, Richard Clarida, Gov Bowman, (Senate confirmed 09/12/19) 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. San Francisco Fed 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 Price