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 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
        ECB General Council meets without Rate Decisions (Frankfurt DE)
        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
Sunday,    Dec 22     OVERNIGHT into US Mon. a.m. et:
        Aussie Nov Housing Credot, Private Sector Credit
        Japan Oct All Industry Activity Index
        BoJ Releases Revisions under New Tankan Format
Monday,   Dec 23 Chicago Fed Nov National Activity Index (8:30am et)
Canada Oct GDP
US Nov New Home Sales
1st Trades of Rebalanced Indices after Quadruple Witching
(9:30am et)
US Treasury Auctions $42B 3-, & $36B 6-month Bills (11:30am et)
US Treasury Auctions $40B 2-year Notes (1pm et)
    OVERNIGHT into US Tues. a.m. et:
        BoJ Minutes of Oct 30/31st MPC Meeting
, Nov Supermarket Sales
        China hosts Trialateral Summit with Japan & South Korea (Chengu Chinathru 27th)
Tuesday   Dec 24 US Nov Durable Goods/Capital Goods Orders/Shipments (8:30am et)
Richmond Fed Dec Manufacturing Index
US Treasury Auctions $41B 5-year Notes (1pm et)
US Equities Close 1pm
SIFMA Controlled US Markets (Bonds) Close 2pm
Federal Government Offices Closed
    OVERNIGHT into US Wed. a.m. et:

         Japan Nov Corporate Service Price Index
         Chinese BoP Q3 Current Account Balance
Wed.        Dec 25 Christmas Day Western Markets Closed
     OVERNIGHT into US Thurs. a.m. et:

          German Nov Retail Sales
           Japan Nov Construction Orders/Housing Starts
           South Korea Financial Stability Board Meeting (estimated date)
Thurs.      Dec 26 US MBA weekly Mortgage/Refinance Apps (7am et)
US weekly Jobless Claims/Continuing Claims (8:30am et)
US Treasury Auctions 4-, & 8-week Bills (11:30am value not known at post)
US Treasury Auctions $32B 7-year Notes (1pm et)
Markets Remain Closed in UK, Australia, France, Switzerland, Canada, South Africa, Italy, Germany, Spain, most for Boxing Day
    OVERNIGHT into US Fri. a.m. et:

        Japan Nov Jobless Rate/Change/Job/Applicant Ratio, Industrial Production, Retail Trade, Dec CPI, Housing Starts
         China Nov Industrial Profits
         Swiss ZEW Dec Expectations
         ECB Economic Bulletin
Friday,     Dec 27 Brazil Nov Bank Lending (9:30am et)
EIA weekly Natural Gas Report (10:30am et)
EIA weekly Petrleum/Gasoline/Distillates/Refineries Report (11am et)
Saturday, Dec 28
          WEEKS AHEAD: 01/03/2
020   Fed's Evans speaks @Am. Eco Ass'n Annual Mtg on 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