wall street in advance

March 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:
Sun.          Mar 10 FOMC Chief Powell on "60 Minutes" (CBS TV 7pm et)
    OVERNIGHT into US Mon a.m. et:
         China Feb Money Supply, New Yuan Loans, China Direct Foreign Investment
         New Zealand Feb Card Spending
         Aussie Q2 Manpower Survey
         Canada Jan Trade Balance
         Japan Feb Machine Tool Orders
         German Jan Indusrial Production, Trade Balance, Current Account
         Eurogroup Meetings (03/11 local time)
         Eurozone 18Q4 Labor Costs
         BoE MPC Haskel speaks @ Univ. of Birmingham (UK)
Monday,   Mar 11 US  Jan Retail Sales (8:30am eT)
US Dec Business Inventories
Brazil Feb Auto Production/Sales
US Treasury Auctions $48B 3-, & $39B 6-month Bills (11:30am)
US Treasury Auctions $38B 3-year Notes (1pm et)
    OVERNIGHT into US Tues a.m. et
         Q1 Japan BSI Large Industray/Manufacturing, Q2 Manpower Survey
         Aussie Feb NAB Business Confidence/Conditions, Jan Home Loans/All Loans
         RBA MPC's Debelle speaks (Sydney)
         Singapore Jan Retail Sales
         France 18Q4 non-Farm Payrolls
         UK Jan NIESR GDP, Trade Balance, Construction Output, Industrial & Manufacturing Production, Index of Services
         EU FinMins Meet
         NFIB US Small Business Optimism Index (6am et)
         India Jan Industrial Production/Manufacturers Output
         Central Bankers from EU, Netherlands, Sweden, Australia, Mexico & Chile speak at Swiss Financial Conference (Basel thru 13th)
         BoE Minutes of MPC Meeting 02/26   (03/12 local time)
         UK Parliament 2nd Vote on PM May's Brexit Deal
Tuesday,  Mar 12 US Feb CPI (8:30am et)
US Real Avg Hourly & Weekly Earnings
Brazil Feb CPI
FIA 44th Int'l Futures Industry Conference (Boca Raton FL thru 13th)
Redbook weekly store sales snapshot
CFTC Chair Giancarlo fireside chat @ IIB Institute of Int'l Bankers (9:30am et D.C.)
Wells Fargo CEO Tim Sloan testifies @ US House FinServices Cmte on Scandals
SEC Chief Jay Clayton fireside chat @ IIB (10:30am et)
US Treasury Auctions $24B reopened 10-year Notes (1pm et)
FDIC Chair Jelena McWilliams speaks @ IIB (3pm et)
    OVERNIGHT into US Wed. a.m. et:
         Japan Feb Corporate Goods Price Index, Jan Core Machinery Orders, Tertiary Industry Index, Feb PPI
         South Korea Feb Unemploymen Rate
         Singapore Unemployment Rae
         German Feb Wholesale Price Index
         Spain Feb CPI & HICP
         Italy Qtrly Unemployment
         Eurozone Jan Industrial Production
         UK Annual Budget Release + Spring Forecast Statement from FinMin Hammond
Wed.        Mar 13 MBA weekly Mortgage/Refinance Applications
Canada Teranet/National Bank Feb Home Price Index
Brazil Jan Industrial Production
US Jan Durable Goods Orders/Shipments (8:30am et)
US Feb PPI --Final Demand
Atlanta Fed Business Inflation Expectations (10am et)
US Jan Construction Spending
US 18Q4 eCommerce (Consumer) Sales
Mexico Jan Industrial Production
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et  w/e 03/08)
Brazil Fx Flows
US Treasury Auctions $16B reopened 30-year Bonds (1pm et)
    OVERNIGHT into US Thurs. a.m. et:
         Japan Foreign Investment in Stocks & Bonds
         China Feb Industrial Production, Jan Fixed Asset Investment, Retail Sales, Jobless Rate, Property Investment
         South Korea Feb Unemployment Rate
         India Feb Manufacturing, Fuel & Food Inflation
         French, German Feb CPI & HICP
         South Africa Jan Gold & Mining Production
         UK RICS Feb House Price Balance
         BoJ MPC Meeting Begins (thru 15th, local time)
         Swiss SECO March Economic Forecasts, Feb CPI & PPI
         South Africa Jan Manufacturer Production
         Brazil Jan Retail Sales
         OPEC Monthly Report
Thursday, Mar 14 US weekly Jobless Claims
US Feb Import/Export Prices (8:30am et)
US Jan New Home Sales (10am et)
Canada Jan New House Price Index
Russia Central Bank Reserves
EIA weekly Natural Gas Report  (10:30am et)
NAHB Mar Housing Market Index
US Treasury Refunding Announcement (11am et)
BoC Dpty Gov Wilkins on "risks to global growth in a time when leverage & protectionist sentiment are running high" (Vancouver)
US Treasury Auctions 4, & 8-week  Bills (value not yet announced at post)
Fed Reserve weekly Balance Sheet & US Money Supply (4:30pm et)
    OVERNIGHT into US Fri a.m. et:
        South Korea Feb Import/Export Prices
        New Zealand Feb Manufacturing PMI, Jan Net Migration, Visitor Arrivals
        BoC (Canada) Dpty Gov Wilkins speaks
        BoJ MPC Rate & QE Decisions, then Press Conference (03/15 local time)
        BoJ Kuroda also speaks @ B20 Tokyo Summit (03/15 local time)
        China Feb New Home Prices
        EU 25 Feb New Car Registrations, CPI
        IEA Monthly Report
        India Trade Balance, Bank Loan & Deposit Growth, Fx Reserves
        Italy Jan Industrial Orders/Sales, Feb CPI & HICP
        Eurozone Feb CPI
Friday,      Mar 15 Quadruple Witch-Options/Futures Expire (S&P releases Preliminary Rebalance note)
Empire State Mar Manufacturing Index (8:30am et)
Canada Jan Manufacturing Sales/Shipments, Feb Existing Home Sales
US Feb Industrial Production/Capacity Utilization (9:15am et--polar vortex impact?)
U.M. Preliminary Mar Consumer Sentiment (10am et)
US Jan JOLTS (Job Openings, Quits & Turnover 10am et)
Baker-Hughes US/North American Rig Count (1pm et)
US TICS (4pm et)
St. Patrick's Day usuallly bullish for equities but it's not a trading day, this year
Saturday, Mar 16 German Feb WPI
Sunday,    Mar 17 St. Patrick's Day
    OVERNIGHT into US Mon. a.m. et:
        Japan Feb Trade Balance & Dept Store Sales, Jan Industrial Production/Capacity Utilization
        China Feb Fx Settlement
        New Zealand Feb Non-Resident Bond Holdings/Resident Offshore Holdings
        Singapore Feb non-Oil Exports
        Eurozone Jan Trade Balance
        UK Rightmove Mar House Prices
        Brazil BCB Focus Market Readout
        ECB Economist Praet on "From micro to macro:market power, firms' heterogeneity and investment," organized by EIB (Luxembourg)
        Canada Jan Int'l Securities Transactions
Monday,  Mar 18 NAHB Mar Housing Market Index
US Treasury Auctions $48B 3-, & $39B 6-month Bills
    OVERNIGHT into US Tues. a.m. et:
        Australia 18Q4 House Price Index
        RBA Minutes of March Meeting Released, RBA's Kent speaks (Sydney)
        BoJ 18Q4 Money Flow
       Swiss Feb Merchandise Trade Balance & Watch Exports
        German IFO Survey Sentiment/Expectations/Current Conditions, Feb WPI
        Hong Kong Feb Unemployment Rate
        Italy Jan Trade Balance
        UK ILO Jan Unemployment Rate, Feb Claimant Count/Change, Avg Earnings
        Eurozone ZEW Economic Sentiment, Jan Construction Output, 18Q4 Labor Costs
        India Current Account
        German Mar ZEW Survey of Current Conditions/Expectations & PPI
Tuesday,  Mar 19 Redbook weekly store sales snapshot
FOMC 2-day Meeting Starts
US Jan Factory Orders
US Fan Durable Goods Orders/Shipments
     OVERNGIHT into US Wed. a.m. et:
          New Zealand 18Q4 Balance of Payments & Current Account Balance
          South Korea Feb PPI
          BoJ Minutes of Jan 22/23 MPC Meeting, Feb Supermarket Sales, Machine Tool Orders
          Japan Mar Tankan Survey
          Aussie Feb Skilled Vacancies & RBA's Bullock speaks (Perth)
          South Africa SARB Quarterly Bulletin, Feb CPI
          German Feb PPI
          Swedish Dpty Gov Skingsley on economic situation & current monetary policy @ Nordic Cash & Treasury Mgnmnt (Stockholm)
          BoE MPC member Sharp speaks @ Cass Business School (London)
          ECB's Praet panelist "Twenty Years of the Euro:Challenges & Opportunities Ahead" @ HSBC 'AAA' Conference (Versaille FR)
          UK Feb CPI, RPPI, HPI, & PPI , CBI Distributive Trades Level, Industrial Trends Orders
          OMFIF World Trade Organization Seminar on Global Trade Tensions (London)
Wed.,       Mar 20 First Day of Spring
MBA weekly Mortgage/Refinance Applications
SNB (Swiss) Quarterly Bulletin
EIA weekly Petroleum/Gasonline/Distillates Report (w/e 03/15)
Brazil MPC Interest Rate Decision & Fx Flows
FOMC post-Meeting Statement & Updated SEP (Forecasts/dotplots)
FOMC Chief Powell Press Conference (2:30pm et)
    OVERNIGHT into US Thurs. a.m. et:
         New Zealand 18Q4 GDP, Feb Credit Card Spending
         Australia Feb Unemployment Rate/Change/Full/Part-time/Participation, Fx Transac- tions, RBA Bulletin
         Norges Bank MPC Decision & Monetary Bulletin
         SNB (Swiss) MPC Monetary Policy Report/Rate Decision, M3
         UK Feb Retail Sales, Public Finances, Central Gov't NCR, Public Sector Borrowing
         BoE MPC Interest Rate Decision/QE Targets/Minutes, Economic Bulletin
         ECB Annual Report on Supervisory Activities 2018 delivered to EU Parliament Economic & Monetary Affairs Cmte by ECB Supervisor Andrea Enria (Brussels)
         Hong Kong Feb CPI
         Canada Jan Wholesale Trade
Thurs.      Mar 21 Philly Fed Mar Business Survey
Weekly US Jobless Claims/4-wk moving avg
ADP Canada Non-Farm Employment, Jan Wholesale Sales
EIA weekly Natural Gas Report (w/e 03/15;  10:30am)
US Treasury Auctions 4-, & 8-week Bills (values not announced at time of post)
US Treasury Auctions $11B reopened 10-year TIPS
Fed Reserve Bk of Atlanta FinTech Webinar "Talk About Payments" (1pm et)
Federal Reserve Bank weekly Assets & US Money Supply  (4:30pm et)
Holidays in Japan, India, & South Africa
    OVERNIGHT into US Fri. a.m. et:
         Japan Feb CPI, Nikkei Mar Mnftg PMI
         Aussie Mar CBA Mnftg, Services + Composite PMI
         CEPR (Ctr for Economic Policy Research/REITI The Post-Brexit World Economy (Tokyo)
         Eurozone, France, German + Italy Mar Markit Flash Manufactruring & Services/ Composite PMI
         Russian Central Bank Press Conference
         Canada Feb CPI & Jan Retail Sales
Friday,     Mar 22 US Feb Existing Home Sales
Markit US Mar Manufacturing, Services, & Composite (P) PMI
US Jan Wholesale Trade
US Feb Treasury Budget
Baker-Hughes weekly US/North American Rig Count  (1pm et)
UNCONFIRMED** Fed's Bostic on eco outlook & monetary policy at dinner preceding Fed Reserve Bk of San Francisco Macroeconomics & Monetary Policy Conference (San Francisco; **According to Reuters DIARY but we did NOT find it--unil May)
Sat.          Mar 23 UK Mar CBI Mar Reported Sales/Distributed Reported Sales  
                                                      
      WEEKS AHEAD:     03/25     Fed's Harker on Developments in the US Economy (London)
                                           03/26       RBNZ (New Zealand) MPC Meets
                                           03/28        Bk of Mexico 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