wall street in advance

June/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.,     June 20     OVERNIGHT into US Mon. a.m. et:
       AUD May Retail Sales
       China Jun Prime Loan Rate
       ECB MPC McCaul
panelist @Salzburg Global Finance V-Forum (14:00 cet)
       ECB Pres. Lagarde V-message for 'Women Political Leaders Summit,' also featuring Emanuel Macron, Mario Draghi, Jens Stoltenberg, AUD PM Gillard, EC Pres van der Leyen, and more world leaders (14:30 cet)
Mon.,   June 21 Chicago Fed May Nat'l Activity Index
ECB Pres Lagarde
statement @ECON hearing @EU Parliament
SL Fed's Bullard & Dallas Fed's Kaplan lead off OMFIF Fed Week (9:30am et thru 25th)
US Treasury Auctions $57B 3-, & $54B 6-month Bills
Russia May Unemployment Rate, Retail Sales, May GDP
ECB publishes pre-release 'Euro Area House Price Developments During Pandemic'
NY Fed Pres/CEO Williams V-keynote @MBCA (Mid-size Bank Coalition of America) CEO Talks (3pm et)
    OVERNIGHT into US Tues. a.m. et:
       New Zealand May Credit Card Spending
       Italy Apr Industrial Sales
       Taiwan May Unemployment Rate
       UK CBI Jun Industrial Trends Orders
       Hungary MPC Deposit & Interest Rate Decision

Tues.,  June 22 ECB MPC Lane on "The resilience of the euro," w/Q&A @Athens Univ of Eco & Biz
Redboook weekly store sales snapshot
'Soul of Our Economy: Uncovering Stories of Eco Challenge,' (9am ct )
NAR May Existing Home Sales
Richmond Red Jun Manufacturing Index
US Treasury Auctions $60B 2-year Notes & reopened $40B now, 42-day Bills
NY Fed CEO WIlliams w/Borough Pres. Oddo on Staten Is;and's Recovery via S.I. Economic Development Corporation
Atla Fed Residential Real Estate Market Update--Viewpoint Live (2pm et)
Evening w/Fed: The Racial Wealth Gap (4pm et)
API weekly Crude Report
    OVERNIGHT into US Wed. a.m. et:
        AUD Jun Markit Mnftg/Servicews/Composite (flash) PMI
        BoJ MPC Meeting Minutes
        Japan Jibun Bank Jun Mnftg/Services/Composite (flash) PMI

        Thailand May Trade Balance
        Thai MPC May Interest Rate Decision
        EU, France, Germany, Markit Mnftg/Services/Composite Jun (flash) PMI

        Taiwan May Industrial  Production, Retail Sales
        UK Markit/CIPS Jun Mnftg/Services/Commposite (flash) PMI
        Mexico Apr Retail sales
Wed.   June 23 MBA weekly Mortgage Purchase/Refinance Applications
Canada Apr Retail Sales
Fed Gov Bowman (9am) leads off  Policy V-Summit 2021: 'Pathways to Economic Resilience in Our Communities' (thru 25th) 
US Current Account
Markit June Manufacturing/Services/Composite (flsh) PMI
US May New Home Sales
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report
NY Fed's Williams
discusses climate resiliency w/NYC & NYState Storm Recovery Offices, focusing on vulnerable NY Harbor
Russia May  Industrial Production
US Treasury Auctions $25B reopened 2-year FRN & $61B 5-year Notes
Richmond Fed: 'Should the Fed Issue Digital Currency?' (noon et)
ECB Pres Lagarde taped message in memory of Prof  Hennrik Enderlein V-event via Hertie/Detors Institute (18:00 cet)
Brazil May Federal Tax Revenue
Boston Fed's Rosengren V-chat on the Economy & Monetary Policy (4:30pm et)
    OVERNIGHT into US Thurs. a.m. et:
        Spain Q1 GDP
        ECB Governing Council non-Monetary Meeting (Frankfurt)
        European Council Meets
        German Jun Ifo Conditions/Expectations
        Philippines Interest Rate Decision
        BoE FPC Interest Rate & QE Decision Summary/Vote/Minutes
(12pm bst)
        ECB MPC Panetta chat on "Close-up: A Digital Euro" via European Banking Federation  (13:35 cet)
        Mexico May Unemployment Rate
Thurs. June 24 BoE Gov Bailey post-Meeting Press Conference
US weekly Initial Jobless Claims/Continuing Claims
US May Durable/Capital Goods Orders/Shipments
US Q1 (Final) GDP
/CapEx/Corporate Profits/Household Spending/Prices/PCE
'Soul of Our Economy 2: Uncovering Stories of Eco Challenge" (9am--3pm  ct)
US Wholesale Inventories
Canada May Manufacturing Sales, Wholesale Sales, Apr Avg Weekly Earnings
Atla Fed's Bostic & Philly Fed's Harker on Rebuilding Sustainably & Equitably @OMFIF Fed Week (9:30am  et)
ECB's Schnabel V-lecture @Univ of Cyprus School of Economics/Mngmnt (17:30 cet)
Banco de Mexico MPC Meeting Interest Rate Decision
Brazil May Net Payrolls
EIA weekly Natural Gas Injections/Draws/Stockpiles
NY Fed Pres/CEO Williams V-fireside chat @College of Staten Island (11am edt)
K.C. Fed June Manufacturing Index
US Treasury Auctions 4-, & 8-week Bills (values announced mid-week)
US Treasury Auctions $62B 7-year Notes
Harnessing the American Rescue Plan Act to Support Innovation in Child Care (noon pt)
K.C. Fed Investment Connection Colorado (1pm mtn)
Federal Reserve Releases RESULTS of BIG BANK STRESS TESTS (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
       New Zealand May Trade Balance
       UK June GfK Consumer Confidence
       Japan Tokyo Jun CPI
       Singapore May Industrial Production
       German GfK Jul Consumer Confidence
       EU May Loans to Households & Loans to Companies, M3 Money Supply
       France May Unemployment Benefit Claims/Jobseekers Total
       UK CBI Jun Distributive Trades
       Mexico Apr Economic Activity
       Brazil Jun Mid-month CPI, May Current Account & FDI
Friday, June 25 US May Personal Income/Spending/PCE/Core PCE
U.M. (Final) Consumer Sentiment/Expectations/Inflation Expectations
Cleveland Fed Policy Summit Closing Keynote moderated by Pres. Mester (11:35am)
Baker-Hughes US/No.Am. Total/Oil Rig Count (1pm et)
Boston Fed 's Rosengren on Financial Stability @OMFIF Fed Week Series   (1pm et)
FTSE Russel Equity Indices Reconstituted after Close (6pm et)
Sat.,     June 26 2nd round French Regional Elections
    OVERNIGHT ino US Sun. a.m. et:
        China May Industrial Profits

Sun.,     June 27     OVERNIGHT into US Mon. a.m. et:
       BoJ Summary of Opinions of June 18th Meeting

       German May Import Prices
       Hong Kong May Trade Balance
       ECB MPC Panetta on "Central banks at the frontline of the COVID-19 crisis: weathering the storm, spurring the recovery" @Conf. of the Governors of Mediterranean Central Banks (10:10 cet)
       Mexico May Trade Balance
       Brazil BCB Focus Market Readout, May Bank Lending, May Net  Payrolls
Mon,    June 28 US Treasury Auctions $57B 3-, & $54B 6-month Bills
ECB MPC de Guindos & Bundesbank Pres. Weidmann
speak @V- EURO FINANCE Summit (Frankfurt 16:00 cet)
NY Fed CEO WIlliams webinar w/Q&A @BIS Andrew Crockett Memorial Lecture (8:45am edt/2:45pm cest) 
S.L. Federal Reserve Economic Education Institute 2021 (11am - 3:30pm ct thru 29th)
Richmond Fed Federal Reserve Economic Education Institute webinar (noon--4pm thru 29th for H.S. teachers)
BoE (departing) Economist Haldane on 'Making a Success of Levelling up' (1pm bst)
Fed V.Ch. Quarles speaks @Utah Bankers Ass'n Annual Convention (1:10pm mtn)
Colombia Interest Rate Decision
    OVERNIGHT into US Tues. a.m. et:
        Japan May Unemployment Rate, Jobs:Applications Ratio, May Retail Sales
        French Q1 Unemployment Rate
        BoE May Consumer Credit, Mortgage Approvals, Net Lending to Individuals 
        UK Jun Nationwide Housing Price Index, May Car Production
        EU Jun Industrial/Consumer/Economic/Services Sentiment
        EU, French, German, Italian, Spanish   Jun CPI/HICP
Tues.,  June 29 Redbook weekly store sales snapshot
ECB Pres. Lagarde speaks @Brussels Economic Forum 2021 (15:40 cet)
Bundesbank Pres Weidmann V-speech @Academic Colloquium in honour of Prof. Dr Otmar Issing @Center for Financial Studies
FHFA April House Price Index
S&P/Case-Shiller April 20-city Home Prices

Dallas Fed Jun Services Sector Outlook
Conference Board's Jun Consumer Confidence
US Treasury Auctions $40B reopened, now, 42-day Bills
API weekly Crude data
    OVERNIGHT into US Wed. a.m. et:
        So. Korea May Industrial/Manufacturing/Construction Production, Retail Sales
        RBA Gov. Lowe speaks, Aussie May Private Sector Credit
        Japan May Industrial Production
        China NBS Presser: June Manufacturing & non-Manufacturing PMI

        Japan May Housing Starts/Construction Orders, June Consumer Confidence
        So. Africa May Private Sector Credit, M3 Money Supply
        UK Q1 (F) GDP/Business Investment, Current Account
        German Jun Unemployment Rate
, May Harmonized Unemployment Rate
        Swiss ZEW Jun Economic Sentiment Index, KOF Leading Indicators
        Hong Kong Retail Sales
        BoE (departing) Economist Haldane speech @Institute for Gov't on changes in monetary policy, FS policy & central bank comms over the last 30 years (text at noon)
        EU Jun (flash) CPI/Core CPI
Wed.    June 30 MBA weekly US Mortgage Purchase/Refinance Applications
Brazil April Unemployment Rate
ADP US June Private Company Employment Change
Brazil May Budget Balance/FX Flows
Canada April GDP, May PPI/IIFI/Raw Materials Prices (RMPI)
Philly Fed Rural Action Assembly: Community Foundations, CDFIs & Regional Revitali- zation (10am --12:30pm online)
Chicago June PMI

NAR May Pending Home Sales
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report
(10:30am et)
Richmond Fed Discussing Race & Equality in the Classroom: COVID's Impact on Econo- mic Well-being (noon webinar)
USDA Qtrly/June Grain Stockpiles
Russia May GDP, Jun Unemployment Rate
Mexico May Fiscal Balance
    OVERNIGHT into US Thurs. a.m. et:
        AUD AiGroup Jun Mnftg Index, Markit Jun Mnftg PMI
        Japan Q2 Tankan Sm. & Lrg Mnftg/non-Mnftg Index, Jibun Bk Jun Mnftg PMI
        So. Korea Jun Trade Balance, Markit Jun Mnftg PMI
        AUD May Trade Balance
        China Caixin Jun Manufacturing PMI
        India Jun Markit Mnftg PMI
        German May Retail Sales
        French Jun Car Registations
        Russia Markit Jun Mnftg PMI
        Swiss May Retail Sales, Jun CPI, procure.ch Mnftg PMI
        Riksbank (Sweden) MPC Rate Decision
        EU, French, German, Italian Jun Markit Mnftg PMI
        UK Markit/CIPS Jun Mnftg PMI

        EU May Unemployment Rate
        Wards US Jun Total Vehicle Sales
        ECB Pres Lagarde
as ESRB Chair opens hearing before Cmte n ECON (9:00 cet)
        BoE Gov Bailey speaks @Mansion House, Financial & Professional Services event (text at 9am, 07/01)
        ECB MPC Enria speaks @ECON @EU Parliament (10:00 cet)
        BoE Monthly Decision Maker Panel Data (9:30am bst)
        BoE Gov Bailey @Plain Numbers Project Launch (10am bst)
        MPC Woods Q&A on BoE Priorities @London Climate Action week: Bankers for Net Zero
        ECB MPC Elerson @Nordic Banking Associations sustainability seminar (11:30)
        So. Africa ABSA Jun Mnftg PMI, Total Vehicle Sales
Thurs.  July 01 Challenger US June Job Cuts
India Jun Trade Balance
US weekly Initial Jobless Claims/Continuing Claims
US Markit Jun Manufacturing PMI
OEMs Announce Jun/2Q21 US Vehicle Sales (thru 3rd)
Brazil Markit Jun Mnftg PMI
US Jun ISM Manufacturing Index/Prices/Employment/New Orders
US May Construction Spending
Mexico Jun Markit Mnftg PMI
EIA weekly Natural Gas Draws/Injections/Stockpiles
US Treasury Auctions $4-, & 8-week Bills (values announced mid-week)
Brazil Jun Trade Balance
Canada Day Holiday
Hong Kong Special Administration Establishment Day Holiday

    OVERNIGHT into US Fri. a.m. et:
        AUD May Home Loans/Investment Lending
        Spain Jun Unemployment, May Tourist Arrivals
        EU May PPI
        India Bank Loan & Deposit Growth, Fx Reserves
        ECB Pres. Lagarde panelist @Les Rencontres Economiques d'Aix en-Provence
        Brazil May Industrial Production
Friday, July 02 US Jun Unemployment Rate/Non-Farm Payrolls--Mnftg-Private/Gov't/Participation /Avg Earnings
US May Trade Balance
Canada May Trade Balance, Building Permits, Markit Jun Mnftg PMI
US May Factory Orders
Baker-Hughes weekly US/No, Am. Total/Oil Rig Count (w/e 07.02; 1pm et)
Sat.,     July 03 ECB MPC Schnabel panelist on "Weltwirtschaft und Welthandel, Konjunktur und Geldpolitik" @Petersberger Sommerdialog (Konigswinter Germany 15:15 cet)
Mon.,    July 05 US Celebrates July 4th Independence Day
All US Banks & Markets Closed

                                                     
       WEEKS AHEAD:

             07/06  RBA (AUD) MPC Meets
             07.07  FOMC 06/15--16 Meeting Minutes Released (2pm et)
             07/09  BoE Gov Bailey & ECB Prees Lagarde Joint speeches
             07/14  Bk of Canada FPC Meets
                        RBNZ (New Zealand) MPV Meets
             07/16  BoJ MPC Meets
             07/22  ECB MPC Meets
      07/27—28  FOMC 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), 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