wall street in advance

May 2019  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,    Apr 28 Spain General Elections
Holidays in India & Japan
    OVERNIGHT into US Mon. a.m. et
        China March Industrials Profits
        Hong Kong Mar Trade Balance
        UK April Nationwide House Price Index
        Japan Golden Week Begins (thru May 05)
        BoE Gov Carney keynotes Innovate Finance Global Summit (London 04/29 local time)
        A City Lecture w/ECB V.P. de Guindos (London)
        Eurozone Apr Business, Industrial, Services & Consumer Confidence
Monday,  Apr 29 US Feb (F) + March (P) Personal Income/Outlays & PCE (8:30am et)
Dallas Fed April Manufacturing Survey (10:30am et)
Brazil BCB Focus Market Readout, Unemployment Rate
US Treasury Auctions $39B 3-, & $36B 6-month Bills (11am et)
    OVERNIGHT into US Tues. a.m.  et:
        So Korea Mar Industrial Production, Retail Sales, Service Sector Output, Mnftg BSI Index
       China April Manufacturing, non-Manufacturing & Composite PMI
        Aussie Mar Private Sector & Housing Credit
        Singapore Mar Bank Lending
        RBI (India) Monetary & Credit Information Review, Mar Federal Fiscal Deficit
        Japan Mar Construction Orders & Housing Starts
        Japan's Emperor Akihito Abdicates (04/30 local time)
        French Q1 (P) GDP, Gov't Budget Balance, Apr CPI, & HICP, PPI
        German Mar Import Price Index, GfK May Consumer Confidence, Apr Unemployment Rate/Change, CPI, HICP
        Spanish Q1 GDP, Apr CPI & HICP
        UK April Lloyds Business Confidence, GfK Consumer Confidence
        Italian Q1 GDP, Mar Unemployment Rate, Apr CPI & HICP
        UK Apr GfK Consumer Confidence, Nationwide House Price Index
        Russia Apr Markit Manufacturing PMI
        BoE Dpty Gov Ramsden speaks @ Innovate Finance Global Summit (London 04/30 local time),
        BoE Publishes Qtrly Asset Purchase Facility Report
        Eurozone Q1 GDP, Mar Unemploymenmt Rate/Change
Tuesday,  Apr 30 19Q1 US Employment Cost Index (ECI; 8:30am et)
Canada Feb GDP, Mar IPPI, RMPI
Redbook weekly store sales snapshot
FOMC 2-day Meeting Starts
S&P CoreLogic Case/Shiller Feb 20-city Home Price Index (9am et)
Chicago April PMI (9:45am et)
Brazil Mar Budget Balance
Conference Board April Consumer Confidence/Expectations (10am et)
US March Pending Home Sales
BoC Gov Poloz & Dpty Wilkins speak @Finance Cmte
USDA Farm Prices (3pm et)
    OVERNIGHT into US Wed. a.m. et:
        New Zealand Apr QV House Prices
        Aussie AiG Apr Performance of Manufacturing Index, CBA Manufacturing PMI
        New Zealand Q1 Unemployment Rate/Change/Participation/Labor Cost Index
        Japan's New Emperor, Akihito's son, Naruhito, 59, Coronated (May 1st, local time)
        Aussie RBA Apr Commodity Index, CoreLogic House Price Index
        So Korea Apr Trade Balance  
        UK Labour Day Holiday
        UK BRC Apr Shop Price Index, Nationwide House Price Index, Mar Net Consumer Credit, Net Lending on Dwellings, Mortgage Approvals, Apr Markit  Manufacturing PMI
        May Day Holiday in Most European Countries, South Korea, India, & Russia
        Ward's Total April US Vehicle Sales
        BoE Oversight Chairman, Bradley Fried, @ Parliament's Treasury Select Cmte hearing on the "Court of the Bank of England" (14:15 gmt)
Wed.,       May 01 MBA weekly Mortgage Refinance Applications (7am et)
ADP April Private Sector US Employment Report (8:15am et)
RBC Canada Apr Manucfaturing PMI
US April Manufacturing PMI (9:45am et)
US April ISM Manufacturing Index/Orders/Employment/Prices Paid (10am et)
US March Construction Spending (10am et)
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et; w/e 04/26)
US Treasury Refunding Announcement for 3-, 10, 03-year Issuance
FOMC post-Meeting Announcement (2pm et)
Fed Chairman Powell Press Conference (2:30pm et)
    OVERNIGHT into US Thurs. a.,m. et:
        New Zealand Mar building Permits
        So Korea Apr Nikkei Manufacturing PMI, CPI
        China Apr Caixin Manufacturing PMI
        Aussie HIA New Home Sales
        German Mar Retail Sales
        Swiss Mar Retail Sales, April Manufacturing PMI
        Eurozone, France, Germany, Italy Markit Apr Manufacturing PMI
        UK Markit/CIPS Apr Construction PMI
        BoE MPC May Bank Rate, Corporate Bond Target, Asset Purchase Target, Inflation Report, Meeting Minutes (05/02. noon GMT/local time)
Thurs.      May 02 US April Motor Vehicle Sales (throughout today and tomorrow, ex-GM and Ford)
Challenger April Job-Cut Report (7:30am et)
BoE Gov Carney post-Meeting Press Conference
US weekly Jobless Claims (8:30am et)
US Q1 Productivity & Costs
US Mar Durable Goods Orders/Shipments, Capital Goods Orders/Shipments
US March Factory Orders (10am et)
Mexico Markit Apr Manufacturing PMI
EIA weekly Natural Gas Report
US Treasury Auctions 4-, & 8-week Bills (value not yet announced;  1:30am et)
ECB's Praet speaks (Vienna)
Fed Reserve weekly Balance Sheet & US weekly Money Supply
    OVERNIGHT into US Fri. a.m. et:
        Aussie Mar Building Approvals, AiG Apr Performance of Services Index, CBA Apr Services + Composite PMI
        Hong Kong GDP
        Swiss Apr SECO Consumer Confidence, SVME PMI, CPI, Mar Retail Sales
        UK Markit/CIPS Apr Services & Composite PMI, Offical Reserves/Changes
        Riksbank (Sweden) Open Finance Cmte Meeting with Gov Ingves, 1st Dpty af Jochnick, Dpty Govs Floden, Jansson, Ohlsson, & Kingsley on Account of Monetary Policy
        ECB Bank Supervisor, Enria, panelist on "Restoring people's trust in the Single Market for banking & finance" @2019 State of the Union Conference  (Florence Italy)
        Eurozone Mar PPI, Apr CPI
Friday,     May 03 US April Unemployment Report/Change/Participation/Earnings (8:30am et)
US March Int'l Trade Deficit
US (adv)  Retail Inventories
US (adv) Wholesale Inventories
US Markit April Services PMI  (9:45am et)
US April non-Manufacturing ISM (10am et)
Fed's Evans speaks @ NABE/Riksbank Int'l Symposium, "Global Economies at the Crossroads: Growing Together While Growing Apart?" w/Q&A (10:15am Stockholm)
Fed Gov Clarida on "Models, Markets & Monetary Policy" @ Stanford Univ Hoover Institution Policy Conference (8:30am pt)
Baker-Hughes weekly US/North American Rig Count  (1pm et)
Fed's Williams on "Tying down the Anchor: Monetary Rules & the Lower Bound on Interest Rates" @Strategies for Monetary Policy: A Policy Event @Stanford U Hoover Institution(CA 10:45am pt)
Fed's Bowman on "Milton Friedman & the Long History of Monetary Policy Rules" @Stanford/Hoover Institution Policy Conference (noon--1:30pm pt)
Fed's Bullard, Daly, Kaplan & Mester panelists on "Monetary Strategies in Practice" w/Q&A @Stanford Univ/Hoover Institution Monetary Policy Event (4:45pm pt)
Sat.          May 04
Sun.          May 05     OVERNIGHT into US Mon. a.m. et:
         China Caixin Apr PMI Services & Composite PMI
         Hong Kong Apr Manufacturing PMI
         India Nikkei Apr Services PMI
         Russia Markit Apr Services PMI
         Markit Eurozone, France, Germany, Italy Apr Services & Composite PMI
         Spain Unemployment Change
         South Africa Standard Bank Apr PMI
        Eurozone Mar Retail Sales & May Sentix Investor Confidence
         Brazil BCB Focus Market Readout, Markit Apr Services & Composite PMI
         ECB's Lautenschlager welcome address @ECB's "An innovative single market for the euro" (Frankfurt 9:30 cet)
Monday,   May 06 Fed's Evans Q&A @Bank of Italy (Rome 6am et??)
Fed's Harker on eco outlook @37th Monetary & Trade Conference@Drexel Univ LeBow College of Business @Uof P (Philadelphia 9:30am et)
ECB's Praet converses with FT (Frankfurt DE 17:00 cet)
BoC (Canada) Gov Poloz speaks @Canadian Credit Union Ass'n/Winnipeg CoC
Fed Reserve Board Workshop on Monetary & Financial History (D.C. thru 8th)
SIFMA Operationgs Conference/Expo (Boca Raton FL thru 9th)
Sohn (Charity) Conference (NY)
US Treasury Auctions $39B 3-, & $36B 6-month Bills (11:30am et $84B this wk, total)
TD Ameritrade IMX (retail investor sentiment  12:30pm et)
Holidays in UK, South Korea, Japan
    OVERNIGHT into US Tues. a.m. et:
         Aussie AiG Apr Performance of Construction,  Mar Trade Balance, Retail Sales
         China Apr Fx Reserves
         Japan Apr Official Reserves
         Japan Nikkei Apr Mnftg, Services & Composite PMI +Apr Vehicle Sales
         BoJ Minutes of MPC Meeting 03/14--15   (05/07 local time)
         German Mar Factory Orders, Markit Apr Construction PMI+Industrial Production
         French Mar Trade Balance
         Swiss UBS Q1 Real Estate Bubble Index + Fx Reserves
         French FinMin Le Maire & IMF Mng Dir Lagarde+Japan FinMin Aso forum on debt (Paris FR 0630 gmt)
         UK Halifax Apr House Price, New Car Registrations
         EU Commission Economic Forecasts
Tuesday,  May 07 Fed's Kaplan Q&A at Tsinghua Univ School of Eco &Mngmnt (Beijing China 7am et)
Canada Ivey Apr PMI
Redbook weekly store sales snapshot (8:55am et)
Russia CPI
Brazil Auto Production & Sales
US JOLTS (10am et)
US Treasury Auctions 4-, & 8-week Bills (11am et values not yet announced)
US Treasury Auctions $38B 3-year Notes (1pm et)
US March Consumer Credit (3pm et)
    OVERNIGHT into US Wed. a.m. et:
         UK BRC Apr Like-for-Like Sales
         China Apr Trade Balance (Imports/Exports)
         RBNZ (New Zealand) MPC Rate Decision +Press Conference (05/08 local time)
         Japan Apr Bankruptcies
         RBA (Aussie) MPC Rate Decision (05/08 local time)
         Swiss Apr Unemployment Rate
         German Mar Industrial Productions
         South Africa Election Day Holiday, Fx Reserves
         Consolidated Financial Statement of the Eurosystem published (15:00 cet)
Wed.        May 08 MBA weekly Mortgage/Refinance Apps
ECB Chief Draghi youth dialogue on occasion of the Generation of Euro Student Awards (ECB Frankfurt 13:30 cet)
Canada Apr Housing Starts
US-China Trade Negotiations resumt with China's V.Premier Liu He in D.C.
EIA weekly Petroleum/Gasoline/Distillates Report  (10:30am et)
US Treasury Auctions $27B 10-year Notes (1pm et)
Brazil MPC Interest Rate Decision
    OVERNIGHT into US Thurs. a.m. et:
         UK RICS Apr House Price Balance
         NZlD (New Zealand) REINZ Apr House Sales
         Spain Mar Industrial Production
         China April PPI & CPI
         Norges Bank (Norway) MPC Rate Decision (05/09 local time)
         South Africa Mar Gold & Mining Production, Manufacturing Production
         ECB Bank supervisor Hakkarainen panelist on "Risk-basee supervision, pillar 2 and proportionality" at meeting on financial regulation & supervision organized by IMF+ Financial Stability Institute (Basel Suisse)
Thursday, May 09 Brazil Mar Retail Sales
Canada Mar New Housing Price Index, Int'l Merchandise Trade
Fed Chief  Powell (8:30am) opens Fed Reserve Bd Community Development Research Conference "Renewing the Promise of the Middle Class" Fed's Evans speaks (12:30pm et D.C. thru 10th)
US March International Trade Deficit (9:30am et)
US weekly Jobless Claims
US April PPI--FD
ECB Public Holiday
Mexico April CPI
SEC Securities Enforcement Forum West (East Palo Alto CA)
US March Wholesale Inventories/Sales (10am et)
EIA weekly Natural Gas Report (10:30am et)
Fed's Bostic on eco outlook & monetar policy at Louisiana Bankers Ass'n 19th Convention/ Expo w/Q&A (New Orleans 10:45am et)
US Tresury Refunding Announcement
US Treasury Auctions $19B 30-year Bonds (1pm et)
Fed's Evans speaks @Fed CD Research Conference (D.C. 1:15pm et)
Fed weekly Balance Sheet (as taper is tapered) and US weekly Money Supply
Russian Holiday Victory Day
     OVERNIGHT into US Fri. a.m. et:
          New Zealand Apr Credit Card Spending/Electronic Card Retail Sales
          Japan Mar Household Spending, Labor Cash Earnings, Overtime Pay
          BoJ Summary of Opinions from April 24--25 MPC Meeting
          China Apr Aggregate Financing, BoP Current Account Balance, Apr New Yuan Loans
          German Mar Trade Balance, Current Account
          UK Mar Trade Balance, Construction, Industrial & Manufacturing Production, Index of Services, Q1 GDP, Private Consumption, Total Business Investment, Gov't Spending, Gross Fixed Capital Formation
          Singapore Mar Retail Sales
          ECB's Villeroy opens, & Lautenschlager panelist @G7 conference on "Cybersecurity: Coordinating efforts to protect the financial sector in the global economy"  ECB's Coeure panelist on "How to strenghten int'l cooperation for cyber security"  (Paris France)
Friday,      May 10 US April CPI (8:30am et)
Fed Gov Brainard  (8:30am), speaks @ Fed's CD Research Conference (D.C.)
Canada Apr Unemployment Rate/Change/Participation/Part-Time/Full-time/Wages
Fed's Bostic (9:05am et) speaks w/Q&A @ East Mississippi Biz Development Corp's Bank President's Roundtable (Meridian MS) 
Mexico Mar Industrial Production
Fed's Williams (10am et) @21st Bronx Bankers Breakfast (Bronx NY)
Baker-Hughes weekly US/North American Rig Count (1pm et)
US Treasury Budget (2pm et)
FTSE Russell Releases Russell (annual) Indexes Rebalance Ranks on Close
Saturday,  May 11 China Apr Foreign Direct Investment
                                                     
      WEEKS AHEAD: 05/29   BoC (Canada) 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, 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 in July, 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