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 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
          ECB Chief Lagarde participates in Euro Summit (Brussels Belgium)
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
Sunday,    Dec 15 German Nov Import Price Index
     OVERNIGHT into US Mon. a.m. et:
         New Zealand Nov Performance of Services Index
         Aussie CBA Dec (P) Services/Mnftg/Composite PMI
         Japan Nikkei Dec (P) Mnftg PMI, Jibun Bank Services/Composite PMI
         RBA (Aussie) Kearns speaks (Sydney)
         Chinese Nov New Home Prices, Nov Fixed Assets/Property Investment, Industrial Production, Retail Sales, Surveyed Jobless Rate, Oct Tertiary Industry Index
         UK Rightmove Dec House Prices
         Japan Nov Nationwide/Tokyo Dept Store Sales
         Japan Dec Tankan Survey "Inflaton Outlok of Enterprises"
         Markit Dec (P) Eurozone, French, German Mnftg/Services/Composite PMI

         Markit/CIPS Dec Mnftg/Services/Composite PMI, CBI Selling Prices & Order Trends
         Canada Oct TICS
         ECB's Lane speaks @ECB/Central Bk of Ireland 6th Conference on Household Finance & Consumption (13:30cet Dublin Ireland)
         ECB's de Guindos speaks @4th Macroprudential Policy & Research Conference (ECB, Frankfurt 14:00cet )
Monday,   Dec 16 NY FRB Dec Empire State Manufacturers' Survey (8:30am et)
Canada Nov Existing Home Sales
ECB's Enria Youth Dialogue @Sapienza Universita di Roma (Rome Italy 18:00 cet)
Markit Dec Composite Flash PMI (9:15am et)
NAHB Dec Housing Market Index (10am et)
BoE Publishes Financial Stability Report & Bank Stress Tests/Systemic Risk Survey + Financial Policy Cmte Record of Meeting
(17:00 gmt) 
US Treasury Auctions $42B 3-, & $36B 6-month Bills (11:30am et)
US Oct TICS (4pm et)
    OVERNIGHT into US Tues. a.m. et:
        New Zealand Dec Business Confidence/Activity Outlook
        Aussie Oct Home Loans, Investment Lending
        RBA (Aussie) Dec Meeting Minutes Published
        EU Nov 25 New Car Registrations
        UK Oct ILO Unemployment Rate/Change/Claimant Count/
Avg Wkly Earnings
        Eurozone Oct Trade Balance         
Tuesday,  Dec 17 Dallas Fed's Kaplan speaks @Council on Foreign Relations series on Int'l Economics w/Q&A  (NY 8am et)
ECB's Lane chairs panel @4th Macroprudential Policy & Research Conference (ECB)
US Nov Housing Starts/Building Permits (8:30am et)
Fed's Williams on community credit data, "Well-being Across America: More Unequal, More Insecure" (NY FRB 8:30am--noon)
Canada Oct Manufacturing Sales
US Nov Industrial Production/Capacity Utilization (9:15am et)
US Oct JOLTS (10am et)
Boston Fed's Rosengren speaks on eco & monetary policy to Forecasters Club of NY-1pm
    OVERNIGHT into US Wed. a.m. et:
        Japan Nov Trade Balance

        Aussie Nov Skilled Vacancies
        China (Nov) Swift Global Payments
        BoJ Meets for 2-day Rate/QE Decision
        German Nov PPI, IFO Dec Current Assessment/Expectations
        UK Nov CPI, PPI, Oct House Price Index, Nov Retail Price Index

        Eurozone Nov CPI/HICP, Oct Construction Output
        UK CBI Dec Reported Sales
        BoE Banking Sector Regulatory Capital--2019 Q3 (9:30)
        Biennial Exploratory Scenario (BES) climate change discussion paper (10:00)
Wed.        Dec 18 US weekly Mortgage/Refinance Apps   (7am et)
Canada Nov CPI , Teranet/National Bank Home Price Index
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report  (w/e 12/13,10:30am et)
US Treasury Auctions $18B reopened 2-year FRNs
Fed's Evans speaks
@Economic Club of Indiana w/Q&A (Indianapolis 12:40pm et)
BoE Chief Carney & ECB Chief Lagarde speak @Farewell Dinner for Benoit Coeure which Couere will close @ECB (Frankfurt 19:15 gmt)
    OVERNIGHT into US Thurs. a.m. et:
        New Zealand Q3 GDP, Nov Trade Balance
        Aussie Nov Unemployment Rate/Change/Full-/Part-time/Participation Rate, Fx
        China Nov Fx Net Settlement
        Japan Nov Machine Tool Orders, Supermarket Sales
        BoJ Interest Rate/QE Decisions, Kuroda Press Conference (12/19 local time)
        Swiss Nov Imports/Exports--Watch Exports
        UK Nov Retail Sales
        BoE Interest Rate Decision, QE Target, Meeting Minutes, Carney Press Conference
Thurs,      Dec 19 US weekly Jobless Claims/Continuing Claims (8:30am et)
Philly Fed Dec Business Outlook Survey
Canada Nov Payrolls Estimate, Oct Wholesale Trade
19Q3 US Current Account Balance
US Nov Existing Home Sales
(10am et)
EIA weekly Natural Gas Report (10:30am et  w/e 12/13)
ECB's Lane panelist @4th ECB biennial conference on Fiscal Policy & EMU Governance @ECB (16:30 cet)
US Treasury Auctions reopened $15B 5-year TIPS
Centro Bk of Mexico Interet Rate Decision
Democrat Presidential Hopefuls Debate if Unite Local 11 ends its strike (Los Angeles)
      OVERNIGHT into US Fri. a.m. et:

         Japan Nov CPI, BoJ Q3 Money Flow, Convenience Store Sales
         UK Lloyds Dec Business Barometer, GfK Consumer Confidence
         China Dec 1-y & 5-yr Prime Rate Decision

         Results of BIS Int'l Locational Banking Statistics in Japan end of Sept '19
         New Zealand Nov Credit Card/Electronic Card Spending
         German GfK Jan Consumer Confidence
         Eurozone Oct Current Account
         UK Q3 GDP, Current Account Balance, Private Consumption, Nov Central Gov't NCR, Gov't Spending, Public Sector Net Borrowing, Gross Fixed Capital Formation
        BoE's Haskel speaks @Resolution Foundation (London 6am et)
        BoE Quarterly Bulletin 2019 Q4 (12:00)
Friday,     Dec 20 Quadruple Witching--Qtrly Options/Futures Expire
19Q3 (F) US GDP/Business Investment/PCE/Gov't Spending
(8:30am et)
US Nov. Personal Income/Spending/PCE (8:30am et)
Canada Oct Retail Sales
U.M. Final Dec US Consumer Sentiment (10am et)
K.C. Fed Dec Manufacturing Activity
Baker-Hughes weekly US/North American Rig Count
  (1pm  w/e 12/13)
Nasdaq 100, Semi/SOX Rebalanced (after close)
S&P Indices Rebalanced (after close)

Saturday, Dec 21
      WEEKS AHEAD: 12/23   BoJ Releases Revisions under New Tankan Format
                                      12/24   Minutes of BoJ Oct 30/31 2019 Meeting
020   Fed's Evans speaks @Am. Eco Ass'n Annual Mtg: Women in Central Banking

*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