wall street in advance

May 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.     May 02     OVERNIGHT into US Mon. a.m. et:
        AiGroup Aussie Apr Mnftg Index, Markit Mnftg Index, ANZ Job Ads
        So Korea Markit Apr Mnftg Index
        India Apr Markit Mnftg PMI
        German Mar Retail Sales
        Swiss procure.ch Apr Mnftg PMI
        EU, France, Germany, Italy, Apr Markit Mnftg PMI
        Hong Kong Q1 (adv) GDP
        India Apr Trade Balance
        Prudential Regulatory Authority Dpty Gov Woods 'From Covid-19 to a new mutual economy' @Building Societies Ass'n Annual V-Conference (9:45am bst)
        Brazil Apr Mnftg PMI
        Singapore Apr SIPMM Mnftg PMI
Mon.    May 03 US Markit Apr Manufacturing PMI
Canada Apr Mnftg PMI
US ISM Apr Manufacturing PMI/Employment/Prices/New Orders
US Mar Construction Spending
Mexico Apr Markit Manufacturing PMI
ECB MPC Enria speaks @UniCredit Foundation Aumni Event (17:00 cet)
US Treasury Auctions $57B 3-, & $54B 6-month Bills
Brazil Apr Trade Balance
FOMC Chair Powell on Community Development @Nat'l Community Reinvestment Coalition 2021 'Just Economy' V-Conference (2pm et)
NY Fed CEO Williams keynotes Annual WHF (Women in Housing Finance) V-Sympo- sium (2:10pm edt)
Dallas Fed's Kaplan discusses nat'l & global economic issues with Ft Worth Mayor Betsy Price (5pm, rescheduled from May 29(
Separate Holidays in Greece, Japan, UK
    OVERNIGHT into US Tues. a.m. et:
       Aussie Mar Trade Balance, Home Loans,
       Ward's US April Vehicle Sales
       RBA Interest Rate Decision

       Russia Apr Markit Mnftg PMI
       Hong Kong Mar Retail Sales
       UK CIPS/Markit Apr Mnftg PMI
       BoE Mar Consumer Credit, Net Lending to Individuals,  Mortgage Approvals
       Russia Monetary Policy Report
Tues.,  May 04 US Mar Trade Balance
Canada Mar Trade Balance, Building Permits
Redbook weekly store sales snapshot
ISM Apr New York Index
US Mar Factory Orders

US Treasury Auctions $43B reopened, now 42-day, Bills
Mexico Mar Fx Reserves
API weekly Crude Report
    OVERNIGHT into US Wed. a.m. et:
       New Zealand Q1 Unemployment Rate/Change/Labor Costs/Participation
       Aussie Apr Markit Services/Composite PMI
       Hong Kong, Thailand, Sinapore separate Markit Apr Mnftg PMI's
       RBA Chart Pack, Mar Building Permits
       Indonesia Q1 GDP
       India Apr Markit Services/Composite PMI
       Spain Apr Unemployment Rate/Change
       Thailand Interest Rate Decision
       EU, German, Italy & France separate Apr Markit Services/Composite PMI's

       UK Apr New Car Sales
       Eurozone Mar PPI
       
Wed.    May 05 US weekly MBA Mortgage Purchase/Refinance Applications
Brazil Mar Industrial Production, Apr Markit Services/Composite PMI
ADP US Apr Private Employment/Change
US Apr Markit Services/Composite PMI
ECB MPC Lane panelist @OMFIF V-Workshop 'Taking stock: ECB strategy review & monetary policy challenges" (16:00 cet)
US Apr ISM non-Manufacturing PMI/New Orders/Employment/Prices
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (10:30am et)
Boston Fed's Rosengren speaks @What Comes Next for the Economy & Monetary Policy? @Boston College Carrol School Online Webinars (11am et)
BCB (Brazil) Interest Rate Decision
Richmond Fed "Connecting People to Jobs" (2pm et)
St Louis Fed Dialogue: Central Bank Independence & Accountability (1pm ct)
Chicago Fed's Evans speaks @Brighter Prospects for Chicago's Youth: Strengthening Summer Jobs & Beyond (2pm ct)
Bk of Canada Gov Macklem speaks
    OVERNIGHT into YS Thurs. a.m. et:
        BoJ Monetary Policy Meeting Minutes

        UK Local Elections
        German Mar Factory Orders
        EU, German, French, Italian Apr Construction PMI
        Riksbank (Swede) Minutes of Monetary Policy Meeting
        Norges Bank (Norway) Interest Rate Decision

        UK CIPS/Markit Apr Services/Composite PMI
        ECB MPC af Jochnick panelist @BIS high-level V-Mtg on Bank Supervision (11cet)
        RBA (AUD) MPC Debelle Speaks
        Eurozone Mar Retail Sales
        ECB VP de Guindos
Online Q&A @EY Insights from Economics (12:30 cet)
        BoE FPC Interest Rate Decision/QE/Vote Count/Minutes, Monetary Policy Report
Thurs.  May 06 US Challenger April Job Cuts
US weekly Initial Jobless Claims/Continuing Claims
BoE Monthly Decision Maker Panel data (2pm bst) 
NY Fed CEO WIlliams opens+closes NY Fed Web Series on Culture-Purpose & the Employee as Stakeholder (9am edt)
US Q1 Productivity & Labor Costs
St Louis Fed Small Biz V-Forum:Building Capacity for Small Business (11:30am ct)
ECB FPC Schnabel panelist @DIW's Women's Finance Summit 'Future of FinServices-Digitizationm Sustainability, & Post-Panemic Growth Models' (15:15 cet)
EIA weekly Natural Gas Injections/Draws/Stockpiles
US Treasury Auctions 4- & 8-week Bills (values announced mid-week)
Dallas Fed V-State of Women in Economics (1pm ct)
Evenings with the Fed: Series for Educators "State of the Labor Market"  (6pm et)
    OVERNIGHT into US Fri. a.m. et:
        So. Korea Mar Current Account
        Japan Jibun Bank Apr Services/Conmposite PMI's
        Philippines Mar Trade Balance, Industrial Production
        RBA (AUD) Monetary Policy Statement
        China Apr  Caixin Services/Composite PMI, Trade Balance

        Swiss Apr Unemployment Rate, Fx Reserves
        German Mar Industrial Production, Trade Balance, Current Account
        France Mar Trade Balance, Industrial Production, Current Account, Q1 Payrolls
        China Apr Fx Reserves
        Italy Mar Retail Sales
        Taiwan Apr Trade Balance
        UK Apr Construction PMI
        ECB Pres Lagarde in conversation with George Papaconstantinou on global economy @State of the Union 2021 via EU Univ Institute Florence (12:00 cet)
        Mexico Apr Auto Exports, CPI, Consumer Confidence
        India Apr Bank Loan & Deposit rowth, Fx Reserves
        BoE FPC Broadbent & Economist Haldane Monetary Policy Report Nat'l Agency Briefing (12:15 bst)
       
Friday, May 07 US April Unemployment Rate/Change/Participation/Wages/Gov't-Mnftg Payrolls
Canada Apr Unemployment Rate/Change/Participation/Wages/Part-, Full-time
Brazil Apr New Car Registrations, Production
US Mar Wholesale Inventories
Canada Ivey Apr PMI
Minneapolis Fed Regional Eco Conditions:V-Health of MN Child care sector (9am ct)
Baker-Hughes weekly US/No.Am Total/Oil Rig Count (1pm et)
Fed Mar Consumer Credit  (3pm et)
Sat.,     May 08
Sun.,    May 09     OVERNIGHT into US Mon. a.m. et:
       Aussie Mar Retail Sales, NAB Apr Business Confidence
       UK Halifax Apr House Price Index
Mon.,   May 10 ISM April New York Business Conditions Index
Conference Board's April Employment Trends Index
US Treasury Auctions $57B 3-, & $54B 6-month Bills
Richmond Fed 'Household Dynamics at Older Ages' (11am et  thru 11th)
BoE FPC Breeden on ESG-'Turning Talk into Action: Paris,  Portfolios & Preparedness' @ISDA (11am et)
Fed's Evans fireside chat hosted by SABEW Economic Recovery V-Conference (2pm et)
US Labor Sec'y Walsh speaks @SABEW (4pm edt)
    OVERNIGHT into US Tues. a.m. et:
       Japan Mar Household Spending
       BoJ Summary of Opinions
       Aussie HIA Apr New Home Sales
       China Apr CPI & PPI , Vehicle Sales
       German April Wholesale Price Index
       China Apr New Yuan Loans, Total Social Financing, M2 Money Supply
       Italy Mar Industrial Production
       EU ZEW May Economic Sentiment Index, Current Conditions/Expectations
       German ZEW May Econonic Sentiment Index, Curremt Conditions/Expectations
       OPEC Production Report (estimated date)
Tues.,   May 11 NFIB April Business Optimism Index
Mexico Feb Gross Fixed Investment
Redbook weekly store sales snapshot
Fed's Harker opens V-Symposium on Institutions of Higher Ed: Financial Viability & COVID-19 (9am et)
JOLTS (Mar US Job Openings & Quits)
ECB Publishes Consolidated Financial Statement of Eurosystem (15:00 cet)
BoE Gov Bailey moderated discussion w/NY Fed's Williams on Alt Reference Rates Cmte's V-Symposium on LIBOR/SOFR (10:30 pm edt)
US Treasury Auctions $40B reopened, now, 42-day Bills
US Fed Gov Brainard on 'US Eco Outlook & Monetay Policy' @SABEW (noon edt)
St Louis Fed 'Rethinking Supply Chains During COVID-19' (noon et)
Atlanta Fed's Bostic speaks @V-Rotary Club of Alexandria (12:15pm cdt)
S F Fed's Daly @Community Bankers Washington N.W. Confeerence' (10am pt)
US Treasury Auctions $58B 3-year Notes
API weekly Crude Report
    OVERNIGHT into US Wed. a.m. et:
        New Zealand Apr Electronic  Card/Retail Card Spending
        So. Korea Apr Unemployment Rate
        Aussie Mar Building Permits, Westpac May Consumer Confidence
        German, France, Apr CPI/HICP
        UK Mar/Q1 GDP, Mar Trade Balance,
Mnftg/Business/Industrial Production
        ECB MPC Enria fieside chat @Delphi Economic Forum (Greece; 9:55 cet)
        IEA Monthly Oil Market Report
        EU Mar Industrial Production
        Mexico Mar Industrial Production

Wed.    May 12 MBA weekly Mortgage Purchase/Refinance Applications
ECB non-Monetary Policy Meeting
US April CPI/Core CPI
Fed V Ch Clarida on'US Eco Outlook & Monetary Policy
' @NABE Symposium (9am)
Russia Mar Trade Balance
BoE Gov Bailey keynote @ISDA Annual General Meeting (10am edt)
UK NIESR Apr GDP Tracker
EIA weekly Petroleum/Gaoline/Distillates/Refineries Report (10:30am et)
EU Banking Authority Chair\Campo keynote @ISDA AGM (10:40am edt)
WASDE Crop Report
US Treasury Auctions $41B 10-year Notes

S.F. Fed Helping Small Business Survive & Thrive: An Inland Empire Community Development V-Forum (10am pt)
US Apr Budget Statememt
    OVERNIGHT into US Thurs. a.m. et:
         Japan Mar Current Account, Bank Lending
         Aussie Q1 Wage Price Index, May Consumer Inflation Expectations
         Japan 30-yr JGB Auction, Apr Eco Watchers Survey
         UK RICS Apr House Price Balance
         So. Africa Apr Mining Production/Gold Production

Thurs.  May 13 BoE FPC Cunliffe on 'BoE's Approach to Digitial Currrencies & Cross-border Payments' @OMFIF Digital Monetary Institute V-meeting (1pm bst)
US weekly Initial Jobless Claims/Continuing Claims
US April PPI/Core PPI

MN Fed Regional Economic Conditions: Agricultural Credit V-event (9am ct)
EIA weekly Natural Gas Draws/Injections/Stockpiles
Bk of Canada Gov Macklem speaks @Atlantic Canadian Universities (11am et)
US Treasury Auctions 4-, & 8-week Bills (values announced mid-week)
BoE Gov Bailey & FPC Breedn  @Citizens' Open Forum (1pm edt )
Atlanta Fed 'Inclusive & Resilient Recovery: Household Financial Well-Being in the Southeast" (1pm et)
Fed Gov Waller on 'US Eco Outlook & Monetary Policy' @Global Independence Center 39th Monetary & Trade V-Conference (1pm et)
US Treasury Auctions $27B 30-year Bonds
Banco de Mexico Interest Rate Decision
Separate Holidays in Singapore, India & Switzerland
    OVERNIGHT into US Fri. a.m. et:
       So. Korea April Import/Export Prices
       New Zealand Business NZ Apr PMI
       French Q1 Unemployment Rate
       Japan Apr Machine Tool Orders
       India Apr WPI for Food/Fuel/Mnftg
       Hong Kong Q1 GDP
       India Apr Trade Balance, Fx Reserves
Friday, May 14 US Mar Retail Sales
US Apr Import/Export Prices
Canada Mar Mnftg Sales, Wholesale Sales, New Motor Vehicle Sales
US Apr Industrial/Manufacturing Production/Capacity Utilization
BoC (Canada) Senior Loan Officer Survey (10:30am et)
U.M. Prelim May Consumer Sentiment/Current Conditions/Inflation Expectations
Baker-Hughes weekly US/No. Am. Total/Oil Rig Count
(1pm et)
    OVERNIGHT into US Sat. a.m. et:
        So. Korea Apr Trade Balance

Sat.      May 15
                                                     
       WEEKS AHEAD:

             05/17--19   Atlanta Fed's Financial Markets Conference Fostering a Resilient Eco & FinSys Centrl Bk Role
                   05/19   FOMC Minutes of 04/27--28 Meeting (2pm et)
                                Chicago Fed Community Bank Operational Risk Workshop (9am ct)
                   05/21     Dallas Fed 'Technology Enabled Disruption: Implications for Biz, Labor, Monetary Policy'
                   05/26    RBNZ Meets
                   06/01    RBA (AUD) Meeets
                   06/04    BoE Meets
                   06/09    BoC (Canada) Meets
                   06/17    SNB (Swiss) Meets
                               Norges Bank (Norway) Meets\
                   06/18    BoJ Meets
                   06/19    ECB Meets
            06/15--16    FOMC Meets
                   06/24    Banco de Mexico Meets
                             
*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