wall street in advance

January 2020  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 29 South Korea Nov Industrial Production, Service Sector Output, Retail Sales
Russia Dec Markit Manufacturing PMI
German Nov Retail Sales
    OVERNIGHT into US Mon. a.m. et:
       Japan Oct Vehicle Production
       Swiss KOF Dec Leading Indicators
       Bk of Italy Q3 Credit Conditions & Risk
       Spanish Q3 GDP, Dec. CPI, HICP, Current Account
       Hong Kong Nov Trade Balance
       UK BBA Nov Loans for House Purchase
       Brazil Nov Budget  Balance
Monday,   Dec 30 US Nov Int''l Trade Deficit
US Nov Wholesale Inventories
US Nov Retail Inventories
Chicago Dec. Manufacturing PMI
NAR Nov Pending Home Sales

FRB Dallas Texas Manufacturing Outlook Survey
US Treasury Auctions $42B 3-, & $36B 6-month Bills (11:30am et)
US Treasury Auctions $26B 52-week Bills (1pm et)
    OVERNIGHT into US Tues. a.m. et:

        South Korea Jan Manufacturing BSI Index, Dec CPI
        Singapore Nov Bank Lending
        China Dec Manufacturing/non-Manufacturing/Composite PMI
        RBI (India) Monetary & Credit Information Review
Tuesday,  Dec 31 Redbook weekly store sales snapshot
S&P Case Shiller CoreLogic Oct 20-city Home Price Index
FHFA Oct House Price Index

Conference Board's Final Dec. Consumer Confidence/Expectations
SIFMA-controlled Markets (Bonds) Close 2pm et
Equity Markets Open until 4pm et

Wed. January 01
Happy New Year 2020!
Global Markets Closed
28 U.S. States Raise their Minimum Wage
(FL by all of 10c p/hour)
    OVERNIGHT into US Thurs. a.m. et:

        UK Markit Dec Manufacturing PMI
        Ward's Dec US Vehicle Sales
Thurs,      Jan 02 MBA weekly Mortgage/Refinance Applications
US weekly Jobless Claims/Continuing Claims
Canada RBC Dec Manufacturing PMI
Fiat Chrsyler should release Dec Vehicle Sales
US Markit Dec Manufacturing PMI

Mexico Markit Dec Manufacturing PMI
Brazil Dec Trade Balance
US Treasury Auctions 4-, & 8-week Bills (value not announced at post)
Most Global Markets Closed for Boxing Day, Japan Closed rest of week
US Markets Open
    OVERNIGHT into US Fri. a.m. et

        Aussie Dec Manufacturing PMI & AiG Services Index
        South Korea Dec Trade Balance
        Singapore Q4 GDP, URA Property Index, Dec Manufacturing PMI
        China Caixin Dec Manufacturing PMI
        Hong Kong Nov Retail Sales

        India Bank Loan & Deposit Growth
        UK BRC Dec Shop Price Index, Nationwide House Price Index
        Swiss Dec Manufacturing PMI, procure.ch Dec PMI
        Eurozone, France, Germany, Italy Markit Dec Manufacturing PMI
        Spain Unemployment Rate/Change
        German Dec Unemployment Rate/Claims
        BoE Nov Consumer Credit, Mortgage Approvals,
Markit/CIPS Dec Construction PMI
        German & Italian Dec CPI, HICP
Friday,     Jan 03 US Dec Manufacturing ISM/Prices Paid/Orders/Shipments/Employment
US Nov Construction Spending
IMF on Designing Central Bank Digital Currencies @ASSA/AEA Annual (San Diego)
EIA weekly Natural Gas Report (w/e 12/22)
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (w/e 12/22)
Baker-Hughes weekly North American/US Rig Count (1pm et)
Fed Gov Brainard panelist with Fed's Evans, Daly, BoC's Wilkins, & BoE's Breeden on Women in Central Banking (ASSAAEA San Diego 10:15am pst)
FOMC Minutes of Dec 10--11, 2019 Meeting (2pm et)
Fed's Kaplan & Daly panelists @AEA on Navigating Crosscurrents: The Outlook for the Global Economy (San Diego 12:50pm pst)
Janet Yellen speaks on 'How Can Economics Solve Its Race Problem?' (2:30pm pst AEA)
Saturday, Jan 04
S.F. Fed's Daly panelist @ASSA Annual on Corporate Culture & Banking (10:15am pst)
Sunday,    Jan 05 German Nov Retail Sales
    OVERNIGHT into US Mon. a.m. et:
        Aussie AiG Dec Performance of Mnftg Index, CBA Service/Composite PMI
        Japan Nikkei Dec Manufacturing PMI, Dec Vehicle Sales
        China Caixin Dec Services/Composite PMI, Fx Reserves
        Markit Eurozone, France, Germany, Italy Dec Services/Composite PMI
        UK Dec New Car Registrations
        Eurozone Jan Sentix Investor Confidence
        UK Markit/CIPS Dec Services/Composite PMI, Official Reserves
        Eurozone Nov PPI
Monday,   Jan 06 Canada Nov Raw Materials Price Index (8:30am et)
US Markit Dec Services/Composite PMI
US Treasury Auctions 3-, & 6-month Bills
    OVERNIGHT into US Tues. a.m. et:
        Japan Dec Monetary Base, Nov Loans, Jibun Bank Dec Services/Composite PMI
        Swiss Dec CPI, HICP
        Eurozone Dec CPI, Nov Retail Sales         
Tuesday   Jan 07
Wed.        Jan 08
Thurs.      Jan 09
Friday,     Jan 10
Saturday, Jan 11
          WEEKS AHEAD:
  01/05/2020 Janet Yellen, Olivier Blanchard, Lawrence Summers, Adam Posen panelists on Japanification, Secular Stagnation, and Fiscal & Minetary Policy Challenges (8am pst @AEA San Diego)
                                                          BoE's Broadbent, ECB's Lane, BoJ's Wakatabe, BoC's Wilkins, NY Fed Pres Williams panelsts @AEA Monetary Policy Frameworks in a World of Low Interest Rates (10:15am pst @AEA)
                                                          Also starting 10:15am pst, a dissection of FOMC transcripts
                                       01/05--08     China's V.Premier Liu He expected in US to sign Phase 1 Trade Deal (So. China Morning Post reported 12/29)
                                              01/09    Bk of Canada Meets
                                              01/23    Bk of Japan Meets
                                              01/24    ECB Meets
                                       01/29--30    FOMC 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