wall street in advance

September 2020  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.         Sept 06     OVERNIGHT into US Mon. a.m. et:
         Aussie AiGroup Aug Services Index, ANZ Job Ads
         Japan Aug Fx Reserves
         China Aug Trade Balance, Fx Reserves
         German Jul Industrial Production
         UK Halifax Aug House Price Index

         Taiwan Trade Balance
         Ireland Q2 GDP, July Industrial Production
         Mexico June Gross Fixed Investment
         Russia Aug Vehicle Sales, Fx Reserves
Mon.      Sept 07 ALL US Markets Closed for Labor Day Holiday
    OVERNIGHT into US Tues. a.m. et:

          Japan Q2 GDP/CapEx/Prices, July Household Spending/Consumption, Current Account, Aug Bank Lending
          BoJ's Market Operations & Transactions w/Government
          France Q2 non-Farm Payrolls
          Germany July Trade Balance, Current Account
          France July Trade Balance
          Italy July retail Sales
          Eurozone Q2 GDP, Employment Change
          So. Africa Q2 GDP, SACCI Aug Biz Confidence
          ECB MPC Fernandez-Bollo presents @European Banking Institute virtual event
Tuesday, Sept 08 US Aug NFIB Business Optimism Index
Brazil Aug Car Production, New Car Registrations
US Treasury Auctions $54B 3-, & $51B 6-month Bills (11:30am et)
FRB Dir of Office of Diversity & Inclusion, S. Clark, testifies @ US House FinServices Cmte (noon et)
US Treasury Auctions $30B reopened 119-day & $38B reopened 42-day Bills
US Treasury Auctions $50B 3-yr Notes & $34B 52-week Bills
  (1pm et)
US July Consumer Credit  (3pm et)
     OVERNIGHT into US Tues. a.m. et:
         New Zealand Q2 Manufcturers Sales
         So. Korea Aug Unemployment Rate
         Aussie Jul Home Loans/Investment Lending, Sept Westpac Consumer Confidence
         China Aug PPI, CPI
         Swiss Aug Unemployment Rate
         Japan Aug Machine Tool Orders
         Ireland Aug Unemployment Rate
         BoE Exec. Dir. of Insurance, A. Sweeney speaks: Moody's--The Resilience of Insurers in a Changing Climate   (10:00 Bst, 09/09 local)
         Mexico Aug CPI/Core CPI
Wed.       Sept 09 US weekly Mortgage Purchase/Refinance Applications
ECB MPC Fernancez-Bollo
panel @EuroFi Financial Forum (Berlin 17:20 cet)
Redbook weekly store sales snapshot
Russia Q2 GDP
US July JOLTS
US Treasury Auctions $25B reopened 10-year Notes

API weekly Crude Report (delayed due to Mon. holiday)
    OVERNIGHT into US Thurs.. a.m. et:
        New Zealand Aug Electronic Card Spending
        Japan July Machinery Orders
        Italy July Industrial Production
        So. Africa July Mining Production/Gold Production, Jul Mnftg Production
        ECB MPC Interest Rates & QE Decision (13:45 cet; Frnakfurt DE)
        Brazil July Retail Sales
Thurs.    Sept 10 ECB Chief Lagarde post-Meeting Press Conference  (14:30 cet)
US weekly Jobless Claims/Continuing Claims
US Aug PPI/Core PPI

US July Wholesale Inventories
EIA weekly Natural Gas Report (10:30am et; w/e 09/05)
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (11am et)
ECB Chief Lagarde speaks on "Banking & Payments in the Digital World" @Bundesbank virtual Conference (19:00 cet)
US Treasury Auctions 4-, & 8-week Auctions (values not announced at post)
US Treasury Auctions $23B reopened 30-year Bonds (1pm et)
    OVERNIGHT into US Fri. a.m. et:
        Japan Q3 BSI Large Manufacturing, Aug PPI
        German Aug CPI/HICP
        UK July GDP, Trade Balance, Construction Output, Industrial & Mnftg Production
        Eurogroup Meets + EuroFins Meet
        China Aug New Yuan Loans, Total Social Financing
        Mexico July Industrial Production
        ECB MPC Schnabel panelist @EuroFi Financial Forum (Berlin DE)
        India Aug Bank/Deposit Loan Growth, Fx Reserves, Jul Industrial & Mnftg Production
        ECB's de Guindos participates in ECOFIN meeting (Berlin DE)
        ECB's Lane panelist @Dublin Economics virtual Workshop hosted by Dublin Chamber of Commerce
Friday,   Sept 11 US Aug CPI/Core CPI
Russia July Trade Balance
UK NIESR Aug GDP Tracker
Baker-Hughes weekly US/No. Am. Oil/Total Rig Count
(1pm et; rebound from Laura?)
US Treasury Aug Budget Statement
Sat.,        Sept 12 ECB MPC de Guindos participates @EcoFin meeting (12:30 cet; Berlin Germany)
Sunday,  Sept 13 ECB Chief Lagarde virtual remarks to Council of Arab Central Banks & Monetary Authorities' Governors (11:30 cet)
     OVERNIGHT into US Mon. a.m. et:
         New Zealand Aug Services PSI, July Visitor Arrivals, Q3 Consumer Confidence
         Japan Sept Reuters Tankan Index, Liberal Democratic Leadership (PM) Vote
         China Aug House Price Index
         India Aug Food, Fuel, Manufacturing Inflation
         Japan Jul Industrial Production/Capacity Utilization, Tertiary Industry Index
         Hong Kong Q2 Industrial Production
         Eurozone Jul Industrial Production
         Eurogroup Meetings
         ECB's Panetta
video remarks @24th Economist Government Roundtable (Athens)
         Brazil BCB Focus Market Readout, July IBC-BR Economic Activity
         BoE's Breeden @Confederation of British Industry Conf. series "Achieving Net-Zero" (1:00bst)
         OPEC Monthly Oil Report
Monday, Sept 14 ECB's Lane chats @SUERF'S Chief Economists webinar (15:30 cet)
US Treasury Auctions $54B 3-, & $51B 6-month Bills  (11:30am et)
US Treasury Report
    OVERNIGHT into US Tues. a.m. et:
        South Korea Aug Trade Balance--Import/Export Prices
        RBA (Aussie) Meeting Minutes, Q2 House Price Index
        China NBS Press Conference on: Aug Industrial Production, Fixed Asset Investment, Retail Sales, Unemployment Rate
         UK Jun Employment Change, Jul Unemployment Rate, Aug Claimant Count

         Swiss Aug Producer & Import Prices
         France & Italy Aug CPI/HICP
         IEA monthly Oil Market Report
         IIF Digital Interchange: The Global Dialogue on Digital Finance (web thru 17th)
         Eurozone Sept ZEW Economic Sentiment Index, Q2 Wage Growth/Labor Costs
         German Sept ZEW Economic Sentiment Index/Current Conditions/Outlook
Tuesday Sept 15 US Aug Import/Export Prices
NY Fed/Empire State Sept Manufacturing Index
Redbook weekly store sales snapshot
Russia Aug Industrial Production
FOMC 2-day Meeting Starts
US Aug Industrial Production/Capacity Utilization
US Treasury Auctions $30B reopened 119-day, & $30B reopened 42-day Bills (11am)
US Treasury Auctions $22B reopened 20-year Bonds (1pm et)
API weekly Crude Report (Back on regular schedule)
    OVERNIGHT into US Wed. a.m. et:
        New Zealand Q2 Current Account
        Japan Aug Trade Balance--Imports/Exports, Diet votes on Suga as P.M.
        Aussie Aug HIA New Home Sales
        Brazil Fx Flows
        UK Aug CPI/Core CPI, PPI/Core PPI, Retail Price Index (RPI), House Price Index
        Eurozone July Trade Balance
        ECB's Hakkarainen speaks @Institute of Int'l Finance webinar (15:00 cet)
Wed.      Sept 16 MBA weekly Mortgage Purchase/Refinance Applications
US Aug Retail Sales

Canada Aug CPI/Core CPI, July Foreign Securities Purchases
US July Business Inventories
NAHB Sept Housing Market Index

EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (w/e 09/11; 10:30am et)
FOMC post-Meeting Statement & Economic Projections (2pm edt)
FOMC Chief Powell Press Conference (2:30pm edt)
St Louis Fed "Election Economics: A Virtual event about Real People & Pocketbooks" (4pm)
US July TICS
Brazil Interest Rate Decision
    OVERNIGHT intoo US Wed. a.m. et:

        New Zealand Q2 GDP
        Singapore Aug Trade Balance/Exports ex-Oil
        Aussie Aug Unemployment Rate/Change/Full- & Part-time/Participation
        RBA (Aussie) Bulletin
        BoJ Interest Rate/QE Decisions + Transactions with Government & Markets
        BoJ post-Meeting Press Conference (09/17 local time)
        Eurozone 27 Jul New Car Registrations/Aug Production

        Swiss Aug Trade Balance/Watch Exports
        Indonesia Interest Rate/Deposit & Lending Rates Decisions
        Italy July Trade Balance
        Taiwan Interest Rate Decision
        Hong Kong Aug Unemployment Rate (when will China consolidate data?)

        Eurozone Aug CPI/Core CPI/HICP, Jul Construction Output
       BoE (England) Sept Interest Rate/QE Decisions, Vote Breakdown, Mtg Minutes
       BoE Gov Bailey
opens 7th Sovereign Bond Markets Conference (thru 18th)
Thurs.    Sept 17 US weekly Jobless Claims/Continuing Claims (8:30am et)
US Aug Housing Starts/Building Permits
Philly Fed Sept Manufacturing Index
Boston Fed "Measuring Disparities in Cost/Spending across CT School Districts' (9am)
K.C. Fed/FDIC/OCC/CRA Wyoming Interagency virtual CRA Roundtable (10am)
Fed's Bostic opens Atlanta Fed Virtual Conf. on Racial Justice & Finance (thru 18th)
Fed's Evans @Chicago Fed/Sadie Collective "Exploring Career Pathways in Economics & Related Fields" (10am ct thru 18th)
South Africa Interest Rate/Prime Overdraft Rate Decisions
EIA weekly Natural Gas Report (w/e 09/11; 10:30am et)
US Treasury Auctions 4-, & 8-week Bills (values not announced at post)
US Treasury Auctions $12B reopened 10-year TIPS (1pm et)
St Louis Fed virtual "Discussing Race & Inequality in the Classroom" (7pm et)
    OVERNIGHT into US Fri. a.m. et:
        Japan Aug CPI/Core CPI
        German Aug PPI
        UK Aug Retail Sales
        German Aug PPI/WPI
        EU July Current Account
        Italian July Industrial Orders/Sales, Current Account
        Russia Interest Rate Decision, CBR Press Conference
        Eurozone July Current Account
        ECB's de Guindos panelist @Foro Empressarial Mirando a Europa (11:15 cet)
        BoE Flagship Seminar (webinar) w/Chief Economist Andy Haldane w/Google AI PAIR co-leader Fernanda Viegas
Friday,   Sept 18 ECB's Schnabel online panelist at Deutscher Juristentag Hamburg 2020 (16:00 cet)
US Q2 Current Account
Breakfast with the Fed: Two Pandemics, One Solution (9am et)
Russia Aug Unemployment Rate/Wage Growth, Retail Sales
Canada Jul Retail Sales, Aug New Housing Price Index, Wholesale & Retail Sales
Richmond FRB DivEc Diverse Economics Conference (10am)
U.M. Prelim Sept Consumer Sentiment/Expectations
Russia Aug GDP
Baker-Hughes weekly US/No. Am. Total/Oil Rig Count (1pm et)
Rosh Hashana (Jewish New Year) starts at Sundown (trade dries up before 3pm et)
Sat,         Sept 19 Rosh Hashana
                                                     
       WEEKS AHEAD:
 09/21    Banking & Economy: A Forum for Minorities in Banking virtual Conf (thru 25th)
                                      09/23     Minneapolis Fed Regional Economic Conditions: Professional Services (9am ct)
                                      09/24     BoJ Minutes of 07/14--15 Meeting
                                                   NY Fed Economic Inequality Series: Impact of COVID on Communities of Color...
                                      09/26    S.F. Fed's Daly & Clarida keynote "A Hot Economy: Sustainability & Trade-offs"
                                      09/29     Fed's Williams, SEC, CFTC speak @2020 US Treasury Market Conference (9am)
                           09/29--10/01   2nd NY Fed Research Conf. on FinTech
                                      09/30     Comic Books in the Classroom: A look at NY Fed's Educational Comic Bk Series
                           09/30--10/01   St Louis Fed Community Banking Research virtual Conference
                                10/08--09    Federal Reserve Stress Testing Research Virtual Conference focus on resilience

*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).
               * HICP used in Europe, means Harmonized Index of Consumer Prices