wall street in advance

July 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.,    July 18     OVERNIGHT into US Mon. a.m. et:
       BoE FPC Haskel on the pandemic 'scaring' the economy @Univ of Liverpool School of Mngmnt (11am)
       UK Rightmove Jun House Price Index
       BoE FPC & MPC pre-appointment hearings of Breeden & Mann (3:30pm)
Mon.,   July 19 NAHB July Housing Market Index
US Treasury Auctions $54B 3-, & $51B 6-month Bills
    OVERNIGHT into US Tues. a.m. et:

       Japan Jun CPI/Core CPI, Imports/Exports
       RBA (Aussie) 07/06 Meeting Minutes
       PBoC Prime Loan Rate

       German Jun PPI
       Swiss Jun Trade Balance (incl. Watch shipments)
       EU May Current Account
       Hong Kong Jun Unemployment Rate
       ECB Euro area Bank Lending Survey (10am cdet)
Tues.,  July 20 US Jun Housing Starts/Building Permits
Redbook weekly store sales snapshot
US Treasury Auctions $35B reopened, now 42-day, Bills
Russia Jun GDP, Unemployment Rate/Wages, Retail Sales
API weekly Crude Report
    OVERNIGHT into US Wed. a.m. et:
        BoJ 07/16 Monetary Policy Meeting Minutes, Jun Trade Balance

        So Korea Jun PPI
        Aussie Jun Retail Sales, NAB Qtrly Business Confidence
        New Zealand Credit Card Spending
        Thailand Jun Trade Balace
        UK Jun Public Sector Net Borrowing
        Italy May Industrial Sales, Construction Output
        BoE FPC Saporta on lessons learned from Covid-related stress for prudential regulation (10am)
Wed.   July 21 MBA weekly Mortgage Purchase/Refinance Index
Canada Jun New Housing Price Index
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (10:30 am et)
US Treasury Auctions $24B reopened 20-year Bonds 
S.F. Fed "Addressing Climate Risk through Equitable Community Development" (noon pdt)
    OVERNIGHT into US Thurs. a.m .et:
        Indonesia Jul Interest/Deposit/Lending Facility Rate Decisions
        Taiwan Jun Unemployment Rate
        UK CBI Q3 Business Optimism Index, Jul Industrial Trends Orders
        BoE's Broadbnt on 'Mismatch' (9:30am)
        ECB MPC Interest/Deposit/Marginal Lending Rate & QE  Decisions (13:45)
        ECB post-Meeting Pres. Lagarde Press Conference (14:30 cet; 07/22 local time)
Thurs. July 22 US weekly Initial Jobless Claims/Continuiing Claims
So. Africa Interest & Overdraft Rate Decisions
Philly Fed 'Rural Policy Summit: Profile of Rural Pennsylvania' (9am)
Philly Fed 'Leveraging Workers' Skills for Inclusive Economy: Tools,. Resources, Evidence (noon)
NAR June Existing Home Sales 
EIA weekly Natural Gas Draws/Injections/Stockpiles (10:30am et)
K.C. Fed July Manufacturing Index
SF Fed's Daly
'Climate Risk & the Fed: Preparing for an Uncertain Certainty' @Peterson Institute for Int'l Economics (11am edt)
US Treasury Auctions 4- & 8-week Bills (values announced mid-week)
Russia Jun Industrial Production
US Treasury Auctions $16B 10-year TIPS
Japan Maritime Day Holiday
    OVERNIGHT into US Fri. a.m. et:
       AUD Jul Markit Manufacturing/Services/Composite (flsh) PMI
       UK GfK Jul Consumer Confidence, Jun Retail Sales
       EU, French, German, Markit Jul (flsh) Mnftg/Services/Composite PMI

       Taiwan Jun Industrial Production, Retail Sales, Money Supply
       UK Markit/CIPS Jul Mnftg/Services/Composite (flsh) PMI
       Russia Interest Rate Decision, CBR post-Meeting Press Conference
       Mexico May Retail Sales
      
Friday, July 23 Canada May Retail Sales
US Markit July (flsh) Manufacturing/Services/Composite PMI
Baker-Hughes weekly No.Am./US Total/Oil Rig Count (1pm et)
Brazil Jun Federal Tax Revenue
Japan Sport Day Holiday
Sat.,     July 24
Sun.,     July 25     OVERNIGHT into US Mon. a.m. et:
        New Zealand Trade Balamce
        Japan Jibun Bk Mnftg/Services/Composite (flsh) July PMI
        Singapore Jun Industrial Production
        German IFO Jul Current Conditions/Business Climate/Expectations
        Hong Kong Jun Trade Balance
        Mexico Jun Unemploymenmt Rate
        BoE FPC Villeghe
on "what we learned in the past six years about '3D' (demographics, Debt, distribution of income) drivers of low r" @London School of Economics (text at noon)
Mon,    July 26 US Jun New Home Sales
Dallas Fed Jul Manufacturing Index/Services Revenues
Brazil Jun Net Payrolls 
US Treasury Auctions $54B 3-, & $51B 6-month Bills
US Treasury Auctions $60B 2-year Notes
    OVERNIGHT into US Tues. a.m. et:

        So. Korea Q2 GDP
        China Jun Industrial Profits
        BoJ Gov Kuroda speaks

        EU Jun Loans to Companies & Households, M3 Money Supply
        France Jun Unemployment Claims, Total Jobseekers
        UK CBI Jul Distributive Trades
        Mexico Jun Trade Balance, May Economic Activity
        Hungary Interest + Deposit Rate Decisions        
Tues.,  July 27 US Jun Durable/Capital  Goods Orders/Shipments
Brazil Jun Current Account, Foreign Direct Investment (FDI)
Redbook weekly store sales snapshot
Dallas Fed Texas Jul Services Sector Outlook
FOMC Meets  (thru 28th)
FX Week
USA  (virtual thru 28th)

FHFA May House Price Index
S&P/Case-Shiller May 20-city Home Prices

Conference Board's July Consumer Confidence
Richmond Fed Jul Manufacturing Index
US Treasury Auctions $61B 5-year Notes +$20B reopened, now, 42-day Bills
API weekly crude report
    OVERNIGHT into US Wed. a.m. et:
        BoJ Summary of Opinions
        RBA Q2 CPI
        Thailand Jun Industrial Production
        German GfK Aug Consumer Confidence
        Swiss ZEW Jul Expectations
        UK Jul Nationwide Housing Prices

       
Wed.    July 28 MBA weekly Mortgage Purchase/Refinance Applications
Canada Jun CPI/Core CPI/Trimmed & Median CPI
US Jun Trade Balance
US Jun Wholesale/Retail Inventories
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report
(10:30am et)
US Treasury Auctions $28B 2-year FRNs
Russia Jun GDP, Unemployment Rate/Wages, Retail Sales
FOMC post-Meeting Statement (2pm edt)
FOMC Chief Powell post-Meeting Press Conference (2:30pm edt)
    OVERNIGHT into US Thurs. a.m. et:
        Singapore (Prel) Q2 Unemployment Rate, Junm Import/Export Prices, PPI
        German Jun Harmonised Unemployment Rate, Jul Unemployment Rate/Change
        Spain Q2 Unemployment Rate, Jul CPI + HICP Rate
        UK Jun Car Production, Mortgage Approvals/Lending, BoE Consumer Credit
        EU Jul Economic/Industrial/Services/Consumer Confidence/Expectations
Thurs.  July 29 US Adv Q2 GDP/CapEx/Corp Profits/Prices/PCE 
US weekly Initial Jobless Claims/Continuing Claims
NAR Jun Pending Home Sales

EIA Natural Gas Draws/Injections/Stockpiles (10:30am et)
S.F. Fed 'Climate Contagion: Heterogeneity & Market Adaptation to Climate Change in Dymamic-Spatial Equilibrium' (virtual; 8am pdt/11am edt/5pm Berlin)
US Treasury Auctions 4-, & 8-week Bills (values announced mid-week)
Canada 30-year Bond Auction
US Treasury Auctions $62B 7-year Notes
    OVERNIGHT into US Fri. a.m. et:

       So Korea Jun BSI Industrial/Manufacturing Production, Construction Output
       Japan Jun Unemployment Rate, Jobs:Applications Ratio, Retail Sales, Industrial Production, Housing Starts/Construction Orders (Olympic-related spike in jobs?)
       Aussie Jun Private Sector & Housing Credit, Q2 PPI
       Singapore Jun Bank Lending
       Indonesia Q2 Foreign Direct Investment
       France Q2 (Prel) GDP, Jun Household Consumption, Jul CPI/Harmonised CPI
       Italy Jun Unemployment Rate, CPI/HICP, Q2 Adv GDP
       Spain Q2 (flsh) GDP, Jun Retail Sales, May Current Account 
       Thailand Jun Current Account, Private Consumption/Investment, May Retail Sales
       German Q2 (flsh) GDP
       UK Jun Nationwide HPI
       Taiwan & Hong Kong both report Q2 Adv GDP
       EU Jun Unemployment Rate, Q2 GDP, Jul CPI/Core CPI/HICP
       Mexico Q2 (Prel) GDP
       India Fx Reserves, Jun Gov't Budget, Infrastructure Output
       Brazil May Unemployment Rate, Jun Nominal Budget Balance
       So. Africa Jun Trade Balance
       ECB publishes account of the July 7, 2021 meeting (13:30 cet)
Friday, July 30 BEA releases NIPA Annual Benchmark Revisions
US Jun Personal Income/Spending/PCE/Core PCE
US Q2 Employment Cost Index

Canada May GDP, Jun IPPI, Raw Maerials Prices (RMPI)
Chicago July PMI
U.M. Final July Consumer Sentiment/Inflation Expectations
Canada April & May Budget Balance
Mexico Jun Fx Reserves
ECB publishes Survey of Monetary Analysts July 2021 (18:00 cet)
Baker-Hughes US/No.Am. Total/Oil Rig Count (1pm et)
Colombia Interest Rate Decision
Canada PM Trudeau Testifies at Parliament
Mexico Jun Fiscal Budget Balance
Fed Gov Brainard on 'Rebuilding the Post-Pandemic Economy' @Aspen Economic Strategy Group (8:30pm)
    OVERNIGHT into US Sat. a.m. et:
       China NBS Press Conference: July Mnftg/non-Mnftg/Composite PMI

       So. Korea Jul Trade Balance
Sat.,     July 31 US Debt Limit Reached--Treasury can juggle until late Oct.
US Eviction Moratorium Ends
Joint AAEA/WAEA Agricultural Economics Ass'n Annual (Austin TX thru 08/02)
                                                     
       WEEKS AHEAD:

                    08/03   RBA (Aussie) FPC Meets
                               K.C. Fed 'Toward an Inclusive Recovery: Fed Reserve Community Development Research (1pm cdt)
                    08/04    Atla Fed +AARP 'Addressing the Long-term Unemployment Crisis' (2pm et)
                    08/05   BoE FPC Meets
                    08/10    Cleveland Fed & Ctr for Economic Research 'Conversations on Central Banking: Inflatiobn risk'  (10am)
                    08/18   RBNZ (New Zealand) FPC Meets
           Aug 26--28  K.C. Fed Jackson Hole Economic
Symposium
                             
*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 (term expires Oct '21), Gov. 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