wall street in advance

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,    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
Sunday,    Dec 08     OVERNIGHT into US Mon. a.m. et:
       Aussie Q1 Manpower Survey
       China Nov New Yuan Loans, Aggregate Financing, Trade Balance
       New Zealand REINZ Nov Home Sales, Q1 Manpower survvey, Q3 Mnftg Activity
       Japan Q3 (F) GDP/Business Spending/ Private Consumption, Oct Balance of Trade, Current Account, Nov Eco Watchers Survey, Bank/Trust Lending, Bankruptcies
       Swiss Nov Unemployment Rate
       German Oct Trade Balance/Current Account Balance
       Eurozone Q3 Labor Costs, Dec Sentix Investor Confidence
       Mexican Nov CPI
       BoE Q3 Mortgage Lenders & Adminstrations Statistics
Monday,   Dec 09 Canada Nov Housing Starts/Building Permits
Conference Board Nov Employment Trends Index
US Treasury Auctions $42B 3-, & $36B 6-month Bills (11:30am et)
US Treasury Auctions $38B 3-year Notes  (1pm et)
    OVERNIGHT into US Tues. a.m. et:
        RBA (Aussie) Gov Lowe
speaks (Sydney), Mid-year Eco & Fiscal Outlook
        Japan Q1 Manpowewr Survey
        Aussie NAB Nov Business Conditions/Confidence, Q3 House Price Index
        China Nov CPI, PPI, Foreign Direct Investment
        French Q3 Non-Farm Payrolls, Oct Industrial Production
        Italian Oct Industrial Production
        UK Oct NIESR Monthly/YTD GDP, Oct Trade Balance, Industrial & Mnftg, Production, Construction Output, Index of Services
        Eurozone + German Dec ZEW Survey of Current Situation/Expectations/Sentiment
        ECB Publishes Consolidated Financial Statement of the Eurosystem
        BoE Financial Stability Report
Tuesday   Dec 10 NFIB Dec Small Business Optimism Index
South Africa Oct Manufacturing Production
US Q3 (F) Nonfarm Productivity/Costs
Redbook weekly store sales snapshot
FOMC 2-day Meeting Starts
US Treasury Auctions $24B reopened 10-year Notes
(1pm et)
    OVERNIGHT into US Wed. a.m. et:
        New Zealand Nov Card & Electronic Card Spending, Westpac Consumer Confidence
        South Korea Nov Unemployment Rate
        Japan BSI Q4 Large Industry/Mnftg Index, Nov Domestic Corporate Goods Price Index (CPI), PPI
        New Zealand Half-year Fiscal Economic Update
        South Africa Nov CPI, Oct Retail Sales
        OPEC Monthly Report
        UK CBI Dec Reported Sales/Trends/Total Distributed Sales

        Brazil Oct Retail Sales
Wed.        Dec 11 US MBA weekly Mortgage/Refinance Applications
Canada Q3 Capacity Utilization
US Nov Avg Weekly/Hourly Earnings
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (w/e 12/06 10:30am et)
FOMC post-Meeting Statement (2pm et)
FOMC Chief Jerome Powell Press Conference (2:30pm et)
Brazil Central Bank MPC Interest Rate Decision
    OVERNIGHT into US Thurs. a.m. et:
        New Zealand Oct Net Migration, Nov Food Prices
        Japan Oct Machine Orders, BoJ Dpty Gov Amamiya speaks to business leaders (Okayama). Tokyo Office Vacancies
        Aussie Dec Consumer Inflation Expectations
        UK RICS Nov House Price Balance
        French Sovereign Debt to be Rated by Fitch

        German Nov Wholesale Price Index, Nov CPI, HICP
        Swiss Dec SECO Economic Forecasts, Nov Import/Export Prices, KOF Institute Winter Econonmic Forecast
        SNB (Swiss) MPC Policy/Deposit Interest Rate Deccisions (12/12 local time)
        SNB Chief Jordan post-Meeting Press Conference
        UK General Election (12/12 local time)
        Italy Unemployment Rate
        South Africa Oct Mining/Gold Production, Nov PPI
        Eurozone Oct Industrial Production
        Brazil Oct Service Sector Growth
        India Oct Industrial Production/Manufacturing Output
        Russia Q3 GDP, Central Bank Reserves, Oct Trade Balance
        ECB's Enria statement @ECON Hearing of EU Parliament (Brussels)
        ECB MPC Deposit Facility Interest Rate/QE Decisions (12/12 13:45cet Frankfurt)
        ECB Staff Euro Area Macroeconomic Projections Published
Thurs.      Dec 12 Canada Oct New House Price Index
ECB Pres. Lagarde press conference post-MPC Decision (her 1st post-meeting presser)
US weekly Jobless Claims/Continuing Claims
US Nov PPI--Final Demand (8:30am et)
EIA weekly Natural Gas Report (10:30am et--w/e 12/06)
US Treasury Auctions 4-, & 8-week Bills (value to be announced 12/10)
US Nov Federal Budget Balance  (noon)
US Treasury Auctions $16B reopened 30-year Bonds
US Q3 Net Change in Household Wealth

Bk of Canada's Poloz speaks (just announced departure next June--Toronto)
      OVERNIGHT into US Fri. a.m. et:
          South Korean Nov Import/Export Price Index
          New Zealand Nov Business/Manufacturing PMI
          Japan Tankan Q4 Large + Small Mnftg/Industries Outlook, Oct Industrial Production/ Capacity Utilization
          Singapore Oct Retail Sales
          India Nov WPI Food, Fuel, Mnftg Inflation
          Spain Nov CPI & HICP
          ECB's de Guindos keynotes @Nueva Economia Forum (Madrid Spain 18:00 cet)
          Italy Oct Industrial New Orders/Sales
          UK BoE/TNS Nov 12-month Inflation Attitudes Survey
Friday,     Dec 13 US Nov (adv) Retail Sales (8:30am et)
US Nov Import/Export Price Index/Sales
US Oct Business Inventories  (10am et)
FRB Chicago 33rd Annual Economic Outlook Symposium includes outlooks for Consumer, Vehicle, Steel, Heavy Machinery & IL Fiscal Outlook (Chicago Fed)
NY FRB Pres/CEO Williams speaks on Monetary Policy @CUNY Conf. (NY 11am)
Baker-Hughes weekly US/North American Rig Count (1pm et)
Saturday, Dec 14
      WEEKS AHEAD: 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