wall street in advance

July 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,  July 05     OVERNIGHT into US Mon. a.m. et:
        Aussie TD-MI Jun Inflation Gauge, ANZ Job Ads
        New Zealand Commodity Price Index
        Hong Kong June Manufacturing PMI
        German May Factory Orders
        Eurozone, France, Germany, Italy Markit Jun Construction PMI, May Retail Sales
        UK Jun New Car Sales, Construction PMI
        Mexico Apr Gross Fixed Investment
        Brazil BCB Focus Market Readout, Jun Car Production/New Car Registrations
Monday, July 06 Markit US June Services/Composite PMI
Conference Board's June Employment Trends Index
ISM Jun non-Manufacturing Business Activity/Employment/Orders/Prices
Publication of US Reference Rates (TGCR), (BGCR), & (SOFR) [instead of 07/03]
BoC (Canada) Business Outlook Survey
US Treasury Auctions $54B 3-, & $51B 6-month Bills (11:30am et)
    OVERNIGHT into US Tues. a.m. et:

        New Zealand NZIER Q2 Capacity Utilization, Biz Confidence
        AiG (Aussie) June Services Index
        So Korea May Current Account
       Japan May Household Spending, Avg Cash Earnings, Jun Fx Reserves, 30-yr JGB
       RBA (Aussie) MPC July Interest Rate Decision/Statement +Press Conference 
       German May Industrial Production

       UK Final Q1 Labour Productivity
       France May Trade Balance, Current Account Balance
       UK Halifax June House Price Index
       China June Fx Reserves
       Mexico June Auto Production/Exports
Tuesday  July 07 Redbook weekly store sales snapshot (w/e 07/04)
Canada June Ivey PMI
US May JOLTS (Job Turnover/Openings/Quits)
St Louis FRB Educator Summer Virtual Institute (thru 10th)
US Treasury Auctions $35B reopened 119-day & $35B reopened 42-day Bills (11:30am)
V.Chair Quarles video "Financial Stability Board Remarks" @Exchequer Lunch (1pm et)
US Treasury Auctions $46B 3-year Notes  (1pm et)
     OVERNIGHT into US Wed. a.m. et:
         Japan May Current Account, June Bank Lending
         RBA (Aussie) Releases Chart Pack
         Swiss June Unemployment Rate
         Taiwan Jun Trade Balance
         German 5-yr Bobi Auction
         European Commission Forecasts
         BoE MPC Treasury Committee Hearings
         Russia June Vehicle Sales
         ECB's de Guindos online debate w/ESM Chair Regling on"The Pandemic Crisis in Europe: Impact, Policy Responses & the Road to Recovery" @Goldnman Sachs (10:45 cet;  07/08 local time)
Wed.       July 08 MBA weekly Mortgage Purchase/Refinance Stats (w/e 07/03)
ECB's de Guindos @virtual Consejo Empresarial Alianza por Iberamerica (16:00 cet)
Brazil May Retail Sales, IP-DI Jun Inflation Index
Canada June Housing Starts/May Building Permits
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (w/e 07/04)
US Treasury Auctions $29B reoopened 10-year Notes
FRB May Consumer Credit
(3pm et)
    OVERNIGHT inbto US Thurs. am. et:
        Japan May Machinery Orders
        Aussie May Home Loans/Investment Lending for Homes
        China June CPI, PPI
        UK  RICS June House Price Balance
        German May Trade Balance, Current Account
        Japan June Machine Tool Orders
        ECB's Lagarde & Panetta teleconference @Eurogroup Meeting
        BoE FPC Meeting Minutes

        Canada May Building Permits
        South Africa May Mining & Gold Production, April Manufacturing Production 
        Mexico Jun CPI/Core CPI/PPI
Thurs.     July 09 US weekly Initial Jobless Claims/Continuing Claims (w/e 07/03)
Russia Q2 Current Account
US May Wholesale Inventories & Sales
Breakfast with the Louisville branch of the St Louis Fed (8:30am et)
EIA weekly Natural Gas & Storage Report (w/e 07/03)
Centro Bank de Mexico releases MPC Meeting Minutes
US Treasury Auctions 4-, & 8-week Bills (11:30am; value not available at time of post)
US Treasury Auctions $19B reopened 30-year Bonds (1pm et)
    OVERNIGHT into US Fri. a.m. et:
       New Zealand June Electronic Card Sales/Spending
       Japan June PPI
       Singapore General Election
       French & Italian May Industrial Production
       ECB's de Guindos teleconference @EcoFin Meeting
       Mexico May Industrial Production
Friday,    July 10 US June PPI-Final Demand/Core PPI
Canada June Unemployment Report/Change/Participation/Full-/Part-time
Breakfast with the Memphis Branch of  St Louis Fed (7:30am ct)
Brazil June CPI/IPCA Inflation Index
Russia Trade Balance
Baker-Hughes weekly US/North Am. Total/Oil Rig Count (w/e 07/03)
Saturday, Jul 11  OPEC & OPEC+ Joint Ministerial Monitoring Committee (JMMC) Meets
Polish Presidential Election
Sunday,   Jul 12     OVERNIGHT into US Mon. a.m. et:
        Japan May Tertiary Industry Index
        China June Foreign Direct Investment (FDI)
        ECB's Pametta teleconference w/Euro Accesion Countries Working Grp of the Cmte on Economic & Monetary Affairs of the EU Parliament (11:30 cet)
Monday,  Jul 13 US Treasury Auctions $54B 3-, & $51B 6-month Bills (11:30am edt)
NY Fed CEO Williams & BoE Gov Bailey
on LIBOR: Entering Endgame  NY FRB/BoE webinar   (11:30am edt/4:30pm bst SOFR is the replacement)
    OVERNIGHT into US Tues. a.m. et:

        Singapore Q2 GDP
        Aussie Jun NAB Business Confidence
        China Jun Trade Balance
        Japan May Industrial Production/Capacity Utilization
        Germany & Spain Jun CPI/HICP
        German ZEW Jul Economic Sentiment/Expectations/Current Conditions
        UK May GDP, Trade Balance
, Construction Output, Inudstrial/Mnftrg Production
        Swiss June PPI
        Eurozone July ZEW Economic Sentiment Index/Current Conditions/Expectations, May Industrial Production
        ECB Bank Lending Survey (10:00 cet)
Tuesday, Jul 14 US NFIB Jun Business Optimism Index
Polish MPC Interest Rate Decision, May Trade Balance, Current Account
Redbook July to-date sales store snapshot
Brazil IBC-BR May Economic Activity
US Treasury Auctions $34B 52-week, $35B reopened 119-day & $35B reopened 42-day Bills
Fed Gov Brainard
"Economic & Monetary Policy Outlook" @Perspectives on the Pandemic NABE-hosted webinar
Philly Fed's Harker on Impact of COVID-19 on Small Businesses webinar (3:30pm edt)
API Petroleum Report (w/e 07/10)
    OVERNIGHT into US Wed. a.m. et:
        So. Korea Jun Import/Export Prices, Jun Unemployment Rate
        Japan Reuters/Tankan July Index
        Aussie HIA Jun New Home Sales, Westpac Jul Consumer Confidence
        BoJ MPC Interest Rates & QE Decision, Qtrly Outlook
        BoJ Chief Kuroda post-Meeting Press Conference  

        UK Jun CPI/Core CPI, PPI/Core PPI, Retail Price Index
        EU-India Summit
        BoE's Tenreyro speech on "COVID-19 & the economy: what are the lessons so far?" @LSE's "COVID-19: The Policy Response"
Wed.      July 15 MBA Mortgage Purchase/Refinance Applications (w/e 07/10)
US June Import/Export Prices
NY FRB/July Empire State Manufacturing Index
US June Industrial/Manufacturing Production/Capacity Utilization

K.C. Fed Economic Impact of COVID-19 on Food & Energy (10am ct)
India June Trade Balance
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (10:30am et w/e 07/10)
Bk of Canada MPC Rate & QE Decision
Philly Fed's Harker
on Eco Outlook+Q&A @Center City Proprietors Ass'n (noon et)
Exec VP of NY Fed Bk Lorie Logan on Fed Reserve's Market Functioning Purchases: From Supporting to Sustaining @SIFMA video webinar  (1:30pm edt)
Fed's Beige Book
(2pm et)
US Income Taxes Due for Individuals, Corporations, Trusts unless on extension Form 4688   (midnight) 
    OVERNIGHT into US Thurs. a.m. et:
        BoJ discloses Japanese purchases of foreign Stocks/Bonds & vice Versa
        So. Korea Interest Rate Decision
        Aussie Jun Unemployment Rate/Change/Participation/Part- & Full-time Breakdown,  July Consumer Inflation View
        China Q2 GDP, Jun Unemployment Rate, Fixed Asset Investment, House Price Index, Retail Sales, Industrial Production/Capacity Utilization, Nat'l Bureau of Statistics Press Conference
        EU Jun New Car Registrations

        UK April Employment Rate/Change, May Avg Earnings, June Jobless Claimant Count
        Indonesian Central Bank Interest Rate Decision
        Italy May Trade Balance, Construction Output
        Eurozone May Trade Balance
        So. Africa May PPI, Mar/Apr/May  Building Permits
        BoE publishes both Bank Liabilities & Credit Conditions Surveys
        BoE Economist Haldane
Next Steps for Financial Services "Talking Heads"
        BoE Gov Bailey "Everyday economics: the importance of financial education post-COVID" (12:15 bst)
        ECB MPC Interest Rate & QE Decision (13:45 cet)
        ECB Chief Lagarde post-Meeting virtual Press Conference (14:30 cet)
Thurs,    July 16 G20 FinMins & Central Banker Deputies Virtual Meeting attended by ECB's Panetta
US weekly Initial Jobless Claims/Continuing Claims
US Jun Retail Sales
Fed's Williams
webinar @Office of Financial Research Adv. Cmte Open Mtg (10am et)
Philly Fed July Manbufacturing Index
US May Business Inventories

Chico Fed's Evans speech w/Q&A @11th Rocky Mountain Economic Summit (10:30 ct)
NAHB July Housing Market Index

EIA weekly Natural Gas Report (10:30am et;  w/e 07/10)
US Treasury Auctions 4-, & 8-week Bills (11:30am et; values not announced at post)
K.C. Fed Online Nebraska Economic Forum (3pm ct)
FRB Aggregate Reserves  of Depository Institutions & the Monetary Base (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
        New Zealand Jun NZ Business PMI
        Singapore Jun Trade Balance
        Indonesia Jun Motorbike Sales, Car Sales 
        BoJ July Senior Loan Officer Survey
        EU Summit on Common Recovery Plan
        Italy May Industrial Orders/Sales
        Spain May Trade Balance
        EU Jun CPI/Core CPI, HICP/Core HICP, May Construction Output
        ECB's de Guindos joins Fernando Martinez Mailo's book launch (10:30cet Madrid)
        India Bank Loan & Deposit Growth, Fx Reserves
        ECB's Schnabel speaks @INSPIRE virrtual roundtable via E3G (10:30 cet)
        BoE Chief Bailey @virtual "Citizens' Panel Open Forum"
Friday,   July 17 US Jun Housing Starts/Building Permits
U.M. Prelim. July Consumer Sentiment/Expectations
Baker-Hughes weekly No. Am./US Total/Oil Rig Count (1pm et)
Sat,        July 18 ECB;s Lagarde & Panetta teleconference into G20 FinMins Central Bank Governors Meeting
07/20      BoJ Minutes of June 15/16 Monetary Policy Meeing
                                07/28--29     FOMC Meets
                                08/27--28     K.C. Fed virtual 44th Annual Economic Policy Symposium: "Navigating the Decade Ahead: Implications for Monetary Policy"

*FOMC 2020 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 2020: MN Fed's Kashkari, Dallas Fed's Kaplan, Philly Fed's Harker, Cleveland Fed's Mester. Other Fed Presidents include: Atlanta Fed's 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 was a voter until Feb. 2020, completing her predecessor's term (NY Fed CEO Wiliams). 2019 Hawks dissenting against 2019 rate cuts were K.C. Fed's George, Boston's Rosengren, and St. Louis' Bullard but he wanted a bigger cut, earlier, who was backed by Chicago's Evans.
               * HICP used in Europe, means Harmonized Index of Consumer Prices