wall street in advance

January 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.        Jan 10     OVERNIGHT into US Mon. a.m. et:
        Aussie TD-MI Dec Inflation Gauge, Nov Retail Sales
        China Dec CPI & PPI
        Spain Nov Industrial Production
        Mexico Nov Industrial Production
        BCB Focus Market Readout
Mon.      Jan 11 BoE's Teneyro on "Let's Talk about Negative Interest Rates" (published 14:00 gmt)
ECB Pres Lagarde panel@France, U.N., + World Bank One Planet Summit for biodiversity (15:40 cet; Paris FR)
BoE's dir of FinMarket Intrastructure webinar on forthcoming consultation on Supervision of International Banks (15:00 gmt)
US Treasury Auctions $54B 3-, & $51B 6-month Bills
US Treasury Auctions $58B 3-year Notes
BoC (Canada) Business Outlook Survey
Virtual Town Hall with Dallas Fed CEO Robert S Kaplan   (5pm, Webcast Live)
Japanese Holiday
      OVERNIGHT into US Tues. a.;m. et:
         Japan Dec Bank Lending, Nov Current Account, Eco Watchers Dec  Outlook
         Italy Nov Retail Sales
         BoE's Broadbent: "Covid & the composition of spending" (10:00gmt)
         So. Africa Nov Manufacturing Production, Total 2020 Vehicle Sales
         India Nov Industrial & Mnftg Production, Dec CPI
         Mexico Oct Gross Fixed Investment
         Brazil Dec CPI, IPCA Inflation Index
Tuesday, Jan 12 NFIB Dec Business Optimism Index
Redbook weekly store sales snapshot
Fed Gov Brainard on A.I. & Financial Services @FRB A.I. V-Symposium (9:35am)
US Nov JOLTS (Job Openings & Quits)
Conference Board's Dec Employment Trends  Index
US Treasury Auctions $30B reopened 119-day & $30B reopened 42-day Bills
Fed's Bostic, Kaplan, Kashkari
& Rosengren speak @Racism & the Economy focus on Education (11am et)
US Treasury Auctions $38B reopened 10-year Notes
Boston Fed CEO Rosengren 2021 Economic V-Overview to Greater Boston Chamber of Commerce (2pm et)
    OVERNIGHT into US Wed. a.m. et:
        So. Korea Dec Unemployment Rate
        Japan Dec Machine Tool Orders
        German Dec Wholesale Prices
        ECB Pres Lagarde Q&A @Reuters Next V-Event  (10:00 cet; thru 14th)
        Italy Nov Industrial Production
        Eurozone Nov Industrial Production
        Brazil Nov Service Sector Growth, Fx Flows
Wed.       Jan 13 MBA weekly Mortgage Purchase/Refinance Applications (w/e 01/08)
US Dec CPI/Core CPI
FRB Chicago 27th Annual Automotive Insights V-Symposium (9:30am)
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (w/e 01/08)
Fed Gov Brainard "The Economic Outlook & Full Employment @CABE(1pm et)
US Treasury Auctions $24B reopened 30-year Bonds
Minneapolis Fed 2021 Regional Economic Conditions Conference
Fed Reserve Beige Book  (2pm et)
US Treasury Dec Budget Statement
Fed V.Ch Clarida discusses FRB's New Framework: Context & Conequences (3pm)
    OVERNIGHT into US Thurs. a.m. et:
        So. Korea Dec Import/Export Prices
        New Zealand Nov Building Permits
        Japan Nov Machinery Orders, Dec PPI
        Aussie Nov Building Permits
        UK RICS Dec House Price Balance
        China Dec Trade Balance, FDI, Vehicle Sales
        India Dec Mnftg, Food, Fuel Inflation
        China Dec New Yuan Loans, Total Loans Outstanding, M2, Total Social Financing
        German 2020 GDP, Government Budget Balance
        Russia Dec Vehicle Sales
        Account of ECB MPC Governing Council Meeting Dec. 09--10, 2020        
Thurs.    Jan 14 BoE's Breeden V-briefing 'How the BoE is supporting Climate Action' (13:00 gmt)
US weekly Initial Jobless Claims/Continuing Claims
US Dec Import/Export Prices
EIA weekly Natural Gas Report (w/e 01/08)
US Treasury Auctions 4-, & 8-week Bills (values not announced at post)
Climate, Wildfire & Air Pollution V-Event   + Climate Economics (11am)
Atlanta Fed's Bostic on Supporting Small Business for Inclusive & Resilient Recovery
Conversation w/Fed Chair Jerome Powell @Princeton U Bendheim Ctr  (12:30pm et)
Climate Change Risk in Financial Markets: Advancing the Conversation in 2021
FedTalk 2021 Economic Outlook (noon webinar/FRB Cleveland)
Nat'l Tribal Listening Session on CRA Modernization V-Event (2pm ct)
    OVERNIGHT into US Fri. a.m. et:
        New Zealand Dec Electronic Card Sales
        Aussie Nov Home Loans, Investment Lending for Homes
        So. Korea MPC Interest Rate Decision, Dec Trade Balance
        China Dec House Price Index, Consumer Confidence
        Indonesia Dec Trade Balance
        Japan Nov Tertiary Industry Index
        UK Nov GDP, Trade Balance, Construction Output, Industrial/Mnftg Production, Index of Services
        France Nov Budget Balance, Dec CPI/HICP
        Spain Dec CPI/HICP
        Eurozone Nov Trade Balance, Dec Fx Reserves
        India Dec Bank Deposit & Loan Growth, Fx Reserves, Trade Balance
        Brazil Nov Retail Sales, IBC-BR Economic Activity
        ECB's Enria keynotes Banca d'Italia "The crisis management framework for banks in the EU" (10:10 cet)
        Russia Nov Trade Balance, Dec Fx Reserves
Friday,   Jan 15 US Dec Retail Sales/Retail Inventories
US Dec PPI/Core PPI

UK NIESR Dec GDP Tracker
NY Fed Empire State Jan Manufacturing Index
Breakfast w/Fed: COVID-19 Acceleration of Existing Trends in Labor Markets
US Dec. Industrial + Manufacturing Production/Capacity Utilization
US Nov Business Inventories
U.M. Prelim Jan Consumer Sentiment/Current Conditions/Expectations
Baker-Hughes weekly US/No. Am. Oil/Total Rig Count (1pm et)
Sat.,       Jan 16
Sunday,  Jan 17     OVERNIGHT into US Mon. a.m. et:
        Japan Reuters Tankan Jan Index

        Singapore Dec Trade Balance
        China NBS Data Press Conference: Prelim Q4/FY20 GDP Growth, Dec Fixed Asset Investment, Foreign Direct Investment (FDI),  Industrial Production/Capacity Utilization, Retail Sales, Dec. Unemployment Rate
         Eurozone, French, German, Italian Dec CPI/HICP
         UK Rightmove House Price Index
         Japan Nov Industrial Production/Capacity Utilization
         ECB's Lagarde & Panetta at Eurogroup Meeting
Monday, Jan 18 US Markets Closed for Martin Luther King Jr Holiday
BoE flagship Seminar w/Gov Bailey & Lord N. Stern on Climate Change/Environment
Canada Dec Housing Starts, Nov Foreign Securities Purchases
    OVERNIGHT into US Tues. a.m. et:
        Aussie HIA New Home Sales
        New Zealand Q4 NZIER Dec Electronic Card Sales,, Q4 Capacity Utilization
        Eurozone Dec New Car Registrations
        Swiss Dec PPI
        Hong Kong Dec Unemployment Rate
        German Bubba Monthly Report, Dec New Car Registrations
        Swiss Dec PPI
        Eurozone Jan ZEW Economic Sentiment Index, Nov Current Account
        Italy Nov Trade Balance, Current Account, Dec New Car Registrations
        So. Africa Nov Mining/Gold Production
        German Jan ZEW Economic Sentiment Index/Outlook
        ECB's de Guindos at ECOFIN Meeting
        Euro Area Bank Lending Survey
        UK Q3 Labour Productivity, Dec New Car Registrations
Tuesday Jan 19 Canada Nov Manfacturers Sales/Wholesale Sales
ECB releases Consolidated Financial Statement of Eurosystem + Investment Fund Stats
Redbook weekly store sales snapshot
US Senate Confirmation Hearing for Janet Yellen, nominated as Treas. Sec'y (10am)
US Treasury Auctions $54B 3-, & $51B 6-month Bills
FRB CRA & Early Care & Education: Connections & Context
for Advance Notice of Proposed Rulemaking (noon ct V-Minneapolis Fed event)
US Treasury Auctions $30B reopened 119-day & $30B reopened 42-day Bills

BoE MPC Haldane in V-Conversation w/Alan Rusbridger, of Lady Margaret Hall
US Nov TICS
    OVERNIGHT into US Wed. a.m. et:
         China PBoC sets Loan Prime Rate

         German Dec PPI
         UK Dec CPI/Core CPI,  PPI/Core PPI, Retail Price Index (RPI)
         Taiwan Dec Export Orders
         EU Dec CPI/Core CPI/HICP/Core HICP
         Indonesia Dec Motorbike Sales
         UK CBI Q1 Business Optimism Index, Jan CBI Industrial Trends/Orders
Wed.      Jan 20 MBA weekly Mortgage Purchase/Refinance Applications-30-yr Mortgage Rate
Canada Dec CPI
NAHB Jan Housing Market Index
Bk of Canada Interest Rate Decision/Monetary Policy Report
BoE Gov Bailey at Citizens' Panel Open V-Forum (maintaining financial stability)
US Treasury Auctions $24B 20-year Bonds
BoC Press Conference
US Pres. Biden & V.P. Harris Inaugurated
(Trump is Fired!)
Brazil Interest Rate Decision, Fx Funds Flows
API weekly Crude Stats
    OVERNIGHT into US Thurs. a.m. et:
        Japan Dec Trade Balance
        So. Korea PPI
        Aussie Dec Unemployment Rate/Change/Full- & Part-Time/Participation
        BoJ Interest Rate/QE Decision, Quarterly Outlook Report  (01/21 local time)
        Indonesia Interest Rate Decision--Jan Deposit/Lending Rate
        Italy Nov Industrials Orders/Sales
        Norges Bank (Norway) Interest Rate Decision
        Swiss Dec Trade Balance
        Spain Nov Trade Balance
        Mexico Dec Unemployment Rate/Change/Participation
        ECB Interest/Deposit/Lending Rate + QE   (01/21 local time)
        So. Africa Interest Rate/Prime Overdraft Rate Decisions
        BoE 4Q20 Credit Conditions Survey + Bank Liabilities Survey
        ECB Pres Lagarde Post-Meeting Press Conference (14:30 cet)
      
Thurs.    Jan 21 US weekly Initial Jobless Claims/Continuing Claims
US Dec Housing Starts/Building Permits

Philadelphia Fed Jan Manufacturing Index
Canada Dec New Housing Price Index, ADP non-Farm Employment Change
US Treasury Auctions 4-week & 8-week Bills (values not announced at post)
US Treasury Auctions $15B 10-year TIPS
Nat'l Tribal Listening Session on CRA Modernatization (2pm ct V-event)
    OVERNIGHT into US Fri. a.m. et:
        New Zealand Q4 CPI, Dec Business Optimism
       Aussie Markit Jan Manufacturing/Services/Composite (P) PMI, Dec Retail Sales
       Japan Dec CPI/Core CPI, Jibun Bank Jan Mnftg/Services/Composite (P) PMI
       UK GfK Jan Consumer Confidence
       Singapore URA Q4 (F) Property Index
       Thailand Dec Trade Balance, New Car Sales
       UK Dec Public Sector Net Borrowing, Retail Sales
       Taiwan Dec Unemployment Rate/Change
       EU, France, Germany, Markit Jan Mnftg/Services/Composite (P) PMI
       UK Markit/CIPS Mnftg/Services/Composite (P) PMI
       Brazil Dec Federal Tax Revenue
Friday,   Jan 22 US Markit Jan Manufacturing/Services/Composite Flash PMI
Canada Nov Retail Sales
US Dec Existing Home Sales
EIA weekly Natural Gas Stats (10:30am et; w/e 01/16)
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (1pm et)
Baker-Hughes weekly US/No.Am Oil/Total Rig Count (1pm et)
Sat.        Jan 23
                                                     
       WEEKS AHEAD:
 
                              01/26/2021    Amplifying community voices in the CRA: Background on Advance Notice (1pm ct)
                       01/26--27/2021    FOMC Meets + Powell Press Conference
                              01/27/2021     Modernizing the Community Reinvestment Act (10am Philly FRB webinar)
                              01/28/2021     Business Case for Employer-Assisted Childcare (10am Philly Fed)
                                                    S.F. Fed V-'TheClimate Spread of Corporate & Sovereign Bonds' (11am et)
                                                    Chicago Fed 'Bridging the Digital Divide for Inclusive Future' (10am ct)
                                                    LINC Info Session Lending & Investments for non-Profits & Communities (2pm)
                              01/29/2021     Texas Economic Outlook 2021:Where from here?  Webcast (11am ct?)
                              02/03/2021     Dallas Fed's Kaplan discusses Eco issues with CEO of Spurs Sports/Entertainment
                                       02/02     RBA (Aussie) MPC Meets
                                        02/04    BoE MPC 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: That includes Randall Quarles, Lael Brainard, Richard Clarida, Gov Bowman, Christopher Waller (confirmed 12/03/20), plus whomever is New York Fed Pres, currently John Williams. New, revolving Regional Fed Bank Leaders who are 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. Note, also, Janet Yellen's confirmation hearin 01/19/2021, prior to Biden's swearing in. 
               * HICP used in Europe, means Harmonized Index of Consumer Prices