wall street in advance

June 2021  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.,     June 06     OVERNIGHT into US Mon. a.m. et:
        AUD AiGroup May Services Index, ANZ Job Ads
        China May Trade Balance
        Swiss May Unemployment Rate, CPI, Fx Reserves
        German Apr Factory Orders
        So. Africa May Fx Reserves
        Spain Apr Industrial Production
        UK May Halifax House Price Index
        China May Fx Reserves
        EU Sentix Jun Investor Confidence
        Mexico March Gross Fixed Investment
        BoE releases paper on Digital Money
        BoE's Breeden speaks @NCFS (Central Bankers/Supervisors) NGFS--Network for Greening the Financial System
Mon.,   June 07 Holiday--Queen's Birthday Celebrated in England, AUD & New Zealand
ECB MPC af Jochnick on prudential regulation
@Risk Live V-Conference
US Treasury Auctions $57B 3-, & $54B 6-month, + $40B reopened, now, 42-day Bills
Conference Board's May Employment Trends
FRB Reports April Consumer Credit (3pm et)
    OVERNIGHT into US Tues. a.m .et:
        UK BRC May Retail Sales Monitor
        Japan Q1 GDP/CapEx/Prices/Private Consumption, Apr Avg Cash Earnings, Current Account, May Bank Lending
        AUD May HIA New Home Sales, NAB Business Conbfidence
        Philippines Apr Industrial Production, Q2 Unemployment Rate
        German Apr Industrial Production
        France Apr Trade Balance, Current Account
        Italy Apr Retail Sales
        German Jun Econonic Sentiment/Current Conditions/Expectations
        Taiwan May Trade Balance, CPI, Wholesale Prices
        EU Q1 GDP, Employment Change, ZEW June Econonnic Sentiment Index
        So. Africa Q1 GDP
Tues.,  June 08 ECB MPC Fernandez-Bollo speaks @Goldman Sachs 'EU Financials V-Conf.' (7am)
US NFIB May Small Business Optimism Index
Brazil Apr Retail Sales, May Inflation Index
Broadband Summit: Strategies for Accelerating Deployment for Policymakers (9am)
US April Trade Balance
Canada Apr Trade Balance
Redbook weekly US store sales snapshot
Brazil May Car Production/ New Car Registrations
BLS April JOTS (Job Openings/Quits)
US Treasury Auctions $58B 3-year Notes
S.L. Fed 'Spotlights on Personal Finance (1pm ct, for teachers)
API weekly US Crude Report
    OVERNIGHT into US Wed. a.m. et:
        New Zealand Q1 Manufacturing Sales, ANZ Jun Business Confidence
        So. Korea Q1 GDP, May Unemployment Rate
        RBA (AUD) Ass't Gov Kent speaks
        AUD Apr Building Permits
        China May CPI & PPI
        German Apr Trade Balance
, Current Account
        Japan May Machine Tool Orders
        Mexico May CPI/Core CPI
        Poland Interest Rate Decision
Wed.   June 09 MBA weekly Mortgage Purchase/Refinance Applications
US April Wholesale Inventories
BoC (Canada) FPC Interest Rate Decision

BoE Bond Supervisor Greener panelist @BAFT V-Global Mtg "The Central Bank & Digital Currencies' (3:30pm bst)
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report  (10:30am et)
BoC post-Meeting Press Conference
US Treasury Auctions $38B reopened 10-year Notes
BoE's Wilkins & Castell pre-FPC appointment Hearings w/FinPolicy Cmte & Prudential Regulation Cmte (2:30pm)
S.F. Fed 'Racial Equity Strategies: How Financial Institutions Can Effectively support Minority-Owned Small Businesses (1pm pt??)
    OVERNIGHT into US Thurs. a.m. et:
        Japan May PPI, Apr Industrial Production
        France Q1 Non-Farm + Private Payrolls, Apr Industrial Production
        China May New Yuan Loans, Loan Growth, Total Social Financing
        New Zealand May Electronic Retail Card Spending, NZ Business PMI
        UK RICS May House Price Balance
        BoE head of FinMarkets Infrastructure, Segal-Knowles, speaks @Westminster eForum: 'Next steps for digital payments & towards a cashless society' (10am bst)
        Italy Apr Industrial Production
        BoE Tech Services Div. Head, Planas, @WomenTech Global V-Conf: 'What happpens after lockdown? Prepare for hybrid working model posgt-COVID-19' (9:10 bst)
        So. Africa Apr Mining/Gold Production, Mnftg Production, Q1 Current Account   
        ECB MPC Interest, Deposit, & Marginal Lending Rate Decisions (13:45 cet) 
      
Thurs. June 10 ECB post-MPC Meeting Press Conference (14:30 cet)
ECB MacroEconomic Projections for EU published (15:30 cet)
OPEC Monthly Crude Report
US weekly Initial Jobless Claims/Continuing Claims
US May CPI/Core CPI

FDIC/Chicago Fed 'Strateies for Partnering with CDFIs' (10am ct)
BoE economist Haldane leads off U of Kent School of Economics 'Macroeconomic Consequences of Technological Change' (robots displacing labour; 13:05 bst, thru 11th)
EIA weekly Natural Gas Draws/Injections/Stockpiles
US Treasury Auctions 4-, & 8-week Bills (values announced mid-week)
US Treasury Auctions $24B reopened 30-year Bonds
WASDE Report 
(US Ag Dept)
Federal Reserve publishes US Q1 Financial Accounts (Z-1)--Household Net Worth
US monthly Budget Statement
    OVERNIGHT into US Fri. a.m. et:
       So. Korea Import/Export Prices
       New Zealand May Electronic Card Retail Sales
       Japan BSI Q2 Large Manufacturers
       China May Vehicle Sales

       German May Wholesale Prices
       UK Apr/YTD GDP, Apr Trade Balance, Construction Output, Industrial/Mnfg Production
       IEA Monthly Oil Market Report
       Russia CB Interest Rate Decision, followed by Press Conference
       EU, France, Spain, Germany May CPI/HICP
       Italy Q1 Unemployment Report/Change
       BoE Gov Bailey, FPCs Ramsden, Cunliffe, Cleland & Ch. of exchequer Carstens V-attend BIS launch of Innovation Hub (local time 9:30am cet, 06/11)
       Mexico Apr Industrial Production
       India Apr Industrial+Mnftg Production, Fx Reserves
       Pres. Biden attends G7 Nations Leaders' Summit -- Building Back from COVID (Cornwall UK, in-person)
Friday, June 11 Canada Q1 Capacity Utilization
Russia Apr Trade Balance
UK NIESR May GDP Tracker
U.M. Prelim June Consumer Sentiment/Inflation Expectations
Baker-Hughes weekly US/No.Am Total/Oil Rig Count (1pm et)
Sat.,     June 12 G-7 Nations Leaders Summit Wraps
Pres. Biden moves onto Brussells for NATO Meeting
Sun.,     June 13     OVERNIGHT into US Mon. a.m. et:
       China & HK Duanwu (Dragon Boat) Festival Holiday
       Russia Day
       Japan Apr Industrial Production/Capacity Utilization
       Eurozone Apr Industrial Production
       Central Banking Summer V-Meetings chaired & moderated by Clair Mills, Director of UK Prudential Regulatory Authority(thru 18th)
       Brazil BCB Focus Market Readout, IBC-BR Apr Economic Activity
       India PPI & CPI
Mon,    June 14 ECB's Schnabel on Climate Change, Finance & Green Growth @CEPR/EBRD/ECB V- Symposium on Climate Risk & Sustainable Development (thru 15th)
Canada Apr Manufacturing Sales, New Motor Vehicle Sales
BoE Gov Bailey fireside chat w/Caroline Stockmann @Ass'n of Corp. Treasurers' Annual V-Conf. & Int'l Treasury Week 2021 (2pm bst)
BoE Insurance director, Anna Sweeney, opens UN SIF/IAIS/UN PSI webinar on Insurance Supervisors & Climate Action (2:30pm bst)
US Treasury Auctions $57B 3-, & $54B 6-month Bills
    OVERNIGHT into US Tues. a.m. et:

       RBA (AUD) Meeting Minutes, Q1 House Price Index
       So. Korea May Trade Balance
       Singapore Q1 Unemployment Rate
       Japan Apr Tertiary Industry Index
       French, German, Italian May CPI/HICP
       UK Mar Employment Change, Apr Unemployment Rate,
May Claimant Count, Wages
       Swiss SECO Econonmic Forecasts
       Eurozone  Apr Trade Balance
       India May Trade Balance
       ECB MPC Enria in Conversation @AFME-OMFIF European Financial Integration V-Conference (12:00 cet)
       BoE Gov Bailey on 'A new chapter: the fuutre growth of UK-based financial & related professional services' (1:15pm) @The CityUK Annual Conference 
Tues.,  June 15 US May PPI/Core PPI
ECB MPC Lane
welcome @11th ECB V-Conference on Forecasting Techniques
ECB MPC Panetta on 'Cash in times of turmoil' @Bundesbank's 5th Int'l Cash V-Conf.
US May Retail Sales

BoE FPC Sweeney addresses JPMorgan European Insurance V-Conference (3pm bst)
NY Fed/Empire State June Manufacturing Index
Canada May Housing Starts, May PPI
Redbook weekly store sales snapshot
US May Industrial Production/Capacity Utilization
US Apr Business Inventories
FOMC Meets (thru 16th)
NAHB June Housing Market Index
US Treasury Auctions $34B 52-week & reopened, now, $40B 42-day Bills
Russia Q1 GDP
BoE Gov Bailey
speaks
US Treasury Auctions $24B reopened 20-year Bonds
US April TICS
API weekly crude stats
    OVERNIGHT into US Wed. a.m. et:

        Japam Apr Trade Balance, Apr Core Machinery Orders
        China NBS Press Conf: May Fixed Asset Investment, Industrial Production, Retail Sales, Unemployment Rate
        UK May CPI/Core CPI, PPI/Core PPI , Retail Price Index

        ECB MPC Elderson @Jt EBRD/ECB V-Conf. 'Emerging climate-related risk supervision & implications for financial institutions' (10:00 cet)
        Eurozone Q1 Wage Growth, Labour Cost Index
        Pres. Biden meets Russia Pres. Putin (Geneva Suisse)
Wed.    June 16 MBA weekly Mortgage Purchase/Refinance Applications
US May Housing Starts/Building Permits
US May Import/Export Prices
Canada May CPI, Apr Wholesale Sales
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (10:30am et)
FOMC post-Meeting Statement and Staff Projections Released (2pm et)
FOMC Chief Powell Press Conference (2:30pm et)
Brazil Interest Rate Decision
S.L.Fed Networking event hosted by Supervision, Credit & Lending (5pm ct)
    OVERNIGHT into US Thurs. a.m. et:
        New Zealand Q1 GDP
        Japan June Reuters/Tankan Index
        RBA (AUD) Gov Lowe speaks

        Singapore May Trade Balance
        Aussie May Unemployment Rate/Change/Participation/Full-/Part-Time
        China May House Price Index, FDI
        SNB (Swiss) MPC Meeting Interest Rate Decision

        Norges Bank (Norway) Interest Rate Decision & Monetary Policy Report
        Swiss May Trade Balance (incl. Watch Exports)
        Taiwan Interest Rate Decision
        Hong Kong May Unemployment Rate
        SNB Chief Jordan Press Conference
        BoE FPC Cleland
@2021 Financial Inclusion Global Initiative V-Symposium w/World Bank Group 'Banking the unbanked through international remittances: from banknotes to bytes' (12pm bst)
        UK May Car Registrations
        Eurozone May CPI/Core CPI/HICP, Apr Construction Output
        So. Africa May Retail Sales, Apr Building Permits
Thurs.  June 17 US weekly Initial Jobless Claims/Continuing Claims
ECB MPC Elderson
@Iinstitute of Int'l Finance G20 V-Conference on the Agenda under the Italian Presidency (16:00 cet)
ECB's Lane panelist @Barcelona Graduate School of Economics Summer Policy V-Forum
Canada ADP May Employment Change, Apr Foreign Securities Purchased
ECB Pres. Lagarde & MPC Panetta @Eurogroup meeting in Luxembourg
BoE FPC Breeden @Ass'n of Corp.Treasurers Annual V-Conf. & Int'l Treasury Week
Philly Fed Jun Manufacturing Index
BoE Dir. of Fintech,
Tom Mutton, keynote: "Central Bank Digital Currency: An update on the work of the Bank of England" @The Future of FinTech Digital V-Conference 2pm bst
EIA weekly Natural Gas Draws/Injections/Stockpiles (10:30am et; w/e 06/1!)
US Treasury Auctions 4-, & 8-week Bills (values announced mid-week)
US Treasury Auctions $16B reopened 5-year TIPS
    OVERNIGHT into US Fri. a.m. et:
        Japan May CPI/Core CPI
        BoJ MPC post-Meeting Rates & QE Decision Statement

        German May PPI
        UK May Retail Sales
        Eurozone Apr Current Account
        Indonesia May Motorbike Sales, Car Sales
        Mexico Q1 Aggregate Demand, Private Spending
        India MPC Meeting Minutes, Fx Reserves
Friday, June 18 Canada May New House Price Index
ECB VP de Guindos @ECOFIN meeting in Luxembourg
Baker-Hughes weekly No.Am./US Total/Oil Rig Count (1pm et)
Sat.,     June 19
                                                     
       WEEKS AHEAD:

                 06/21     NY Fed Pres/CEO Williams speaks   
                 06/23    Policy V-Summit 2021: Pathways to Economic Resilience in Our Communities' (thru 25th)
                 06/24    Banco de Mexico MPC Meets
                              NY Fed Pres/CEO Williams speaks
           08/26--28   K.C. Fed Annual Economic Policy Symposium (Jackson Hole WY)
                             
*FOMC 2021 Voting Members:  Chairperson Jerome Powell, as of 02/05/18, and ALL members of the FOMC Board of Governors are permanent voters including: V.Ch. Randall Quarles, Lael Brainard, V.Ch. Richard Clarida, Bowman, Christopher Waller (confirmed 12/03/20), plus whomever is New York Fed Pres, currently John Williams. New, revolving Regional Fed Bank voters for 2021: Chicago Fed's Charles Evans, Richmond Fed's Thomas Barkin, Atlanta Fed's Raphael Bostic, S.F. Fed's Mary Daly. They replace Cleveland Fed's Mester, Philly Fed's Harker, Dallas Fed's Kaplan, Boston Fed's Rosengren, K.C. Fed's George, & Minneapolis Fed's Kashkari, who were voters in 2020. 
               * HICP used in Europe, means Harmonized Index of Consumer Prices