wall street in advance

July 2017  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:
Sunday,    July 16     OVERNIGHT into US Mon. a.m. et:
         UK Rightmove July House Prices
         Singapore Jun Non-Oil Exports & Trade Balance
         China Q2 GDP, June Retail Sales, Industrial Production,  Fixed Asset Investments
         EU Foreign Affairs Council meeting (Brussels)
        
Monday,   July 17 NY Fed Empire State July Manufacturing Survey
EU-UK Brexit Negotiators Meet
US Treasury Auctions $39B 3-, & $33B 6-month Bills
Canada May International Securities Transactions + June Existing Home Sales
Japan Holiday
    OVERNIGHT into US Tues. a.m. et:
         New Zealand Q2 CPI
         Aussie CBA/HIA Q2 House Affordability, June Motor Vehicle Sales
         RBA (Aussie) July Rate Meeting Minutes
         Swedish Central Bank publishes Minutes of its July Policy Meeting
         ECB Survey of Professional Forecasters
         China June Property/House Prices
         ECB Bank Lending Survey
         UK Jun CPI, Retail Price Index, PPI, +May House Price Index, RPI
         Hong Kong Jun Unemployment Rate
         Eurozone Jun CPI
         Eurozonme + German ZEW July Economic Sentiment Survey Present/Future
Tuesday,  July 18 US June Import/Export Prices
Redbook weekly Store Sales Snapshot
NAHB July Housing Market Index
US Treasury Auctions $20B 52-week Bills

US May TICS (4pm et)
    OVERNIGHT into US Wed. a.m. et:
         RBA's Heath speaks (Sydney)
         Japan (F) June Machine Tool Orders
         Eurozone May Consotruction Output
         South Korea Jun PPI
         Japan Reuters July Tankan Index
         South Africa Jun CPI + May Retail Sales
Wed.        July 19 MBA Mortgage/Refinance Applications
US June Housing Starts/Building Permits
Canadian May Manufacturing Shipments/Sales
Russia June Unemployment Rate 
EIA weekly Petroleum/Gasoline/Distillate Stats
    OVERNIGHT into US Thurs. a.m. et:

        Japan June Trade Balance (Imports/Exports)
        Aussie Jun Employment/Change/ Participation +NAB Qtrly Businss Confidence
        China June M3 Money Supply, FX Net Settlement
        BoJ MPC Meeting Statement, Outlook, 10-yr Yield Target, & QE
        BoJ Kuroda post-Meeting Press Conference
(7/20 local time)
        Swiss Jun Trade Balance
        Aussie Jun Unemployment Rate/Change/Participation, RBA FX Transactions
        Japan May All Industry Activity Index
        Swiss Jun trade Balance (Imports/Exports)
        Eurozone May Current Account & Q1 Gov't Debt/Deficit
        German June PPI
        UK Jun Retail Sales
        ECB MPC Announces July Deposit & Lending Facility Rates & QE Plans
        Mario Draghi post-Meeting Press Conference  
(Frankfurt; 07/20 local time)
Thursday, July 20 US weekly Jobless Claims
Philly Fed Business + Outlook Survey
Eurozone July (Adv) Consumer Confidence
Russia Central Bank Reserves
South Africa July Interest Rate Decision/Prime Rate
EIA weekly Natural Gas Report
US Refunding Announcement includes 2-yr FRN
US Treasury  Auctions $13B 10-yr TIPS
US Money Supply & Fed Balance Sheet
    OVERNIGHT into US Fri. a.m. et:
         New Zealand Jun Credit Card Spending, RBA's Bullock speaks (Melbourne)
         New Zealand June Visitor Arrivals
         UK June Public Finances, Central Gov't NCR
         India Bank Loan & Deposit Growth
Friday,     July 21 Canada June CPI, May Retail Sales
Brazil Jun Current Account/Foreign Direct Investment
Baker-Hughes weekly US/North American Rig Count (1pm et)
Saturday, July 22  
Sunday,    July 23     OVERNIGHT into US Mon. a.m. et:
         German June Import Price Index
         Singapore June CPI
         Japan Nikkei July (P) Manufacturing PMI + June Supermarket Sales
         Eurozone, France, Germany, Italy July (P) Manufacturing, Services & Composite PMI
          Canada May Wholesale Sales
          China Conference Board June Leading Economic Index
          Nigeria, Libya, Iran invited to Joint Ministerial Committee on Monitoring Meeting (St Petersburg Russia)
Monday,   July 24 Markit July US Flash (P) Manufacturing, Services & Composite PMI
US June Existing Home Sales
US Treasury Auctions $39B 3-, & $33B 6-month Bills
White House Aid & Son-in-Law Jared Kushner closed door Senate testimony (on Russia dealings pre-Inauguration)
    OVERNIGHT into US Tues. a.m. et:
         BoJ Minutes of June 15--16 Meeting

         German IFO Current Assessment & Expectations
         French July Business Survey& June PPI
         South Africa Q2 Unemployment Rate
         EU economic & financial affairs council meet on budget
         Italy May Industrial new Orders & Sales
         UK CBI July Selling Trends, Total Orders & Optimism
Tuesday,  July 25 FOMC 2-day MPC Meeting Starts
Redbook weekly Store Sales Snapshot
FHFA May House Price Index
S&P Case Shiller 20-city May House Price Index

Conference Board's July Consumer Confidence
Richmond Fed July Manufacturing Index/Shipments
US Treasury Auctions $26B 2-year Notes
    OVERNIGHT into US Wed. a.m. et:

         New Zealand June Trade Balance (Imports/Exports)
         Japan June Corporate Service Price Index
         Aussie Q2 CPI
         Singapore June Industrial Production
         Spain June Retail Sales & July CPI
         Italian July Consumer & Business Confidence
         BoJ Dpty Gov. Nakaso speaks to business leaders (Hiroshima)
         RBA (Aussie) Lowe speaks (Sydney)
         July Swiss UBS June Consumer Indicator + July ZEW Expectations Survey
         UK Q2 (Adv) GDP, BBA June BBA Mortgage Approvals, Loans for House Purchases, May Index of Services
        BoJ Core CPI
Wed.,       July 26 T-3 EOM
FOMC post-Meeting Statement
(2pm et)
MBA weekly Mortgage/Refinance Applications (w/e 7/21)
US June New Home Sales
EIA weekly Petroleum/Gasoline/Distillates Status (w/e 07/21)
US Treasury Auctions $15B 2-year FRN (11:30am et)
Brazil Interest Rate Decision (current 10.25%)
US Treasury Auctions $34B 5-year Notes (1pm et)
    OVERNIGHT into US Thurs. a.m. et:
         South Korea Q2 GDP
         German June Retail Sales
         China June Swift Global Payments
         Hong Kong June PPI
         Aussie Q2 Import Price Index + Export Price Index
         China June Industrial Profits
         Canada CFIB July Business Barometer
         German GfK Aug Consumer Confidence Survey
         South Africa June PPI
         UK July CBI Distributive Trades Survey, Retailing Reported Sales
Thursday, July 27 US June Durable Goods Orders/Shipments
US June (P)  International Trade Deficit
US June Wholesale & Retail Inventories

US weekly Jobless Claims
Chicago Fed National Activity Index
1st Son Donald Trump Jr testimony in Senate on pre-inauguration Russia ties
EIA weeky Natural Gas Report
US Treasury Auctions $28B 7-year Notes
K.C. Fed Manufacturing Index
US weekly Fed Balance Sheet & Money Supply
    OVERNIGHT into US Fri a.m. et:
         Japan June Jobless Rate, Household Spending
, Nat'l + Tokyo CPI, Retail Trade
         So Korea Aug. Manufacturing BSI Index, Jun Industrial Production & Service Sector Output
         BoJ Summary of Opinions @July 19--20 Policy Meeting
         UK GfK July Consumer Confidence + July Nationwide House Prices
         Aussie Q2 PPI
         Singapore Q2 URA Property Index + Q2 Unemployment Rate
         French Q2 (Adv) GDP, CPI, HICP, Jun Consumer Spending
         Spanish & German Jul (P) CPI, HICP, and Q2 GDP
         Russia July Interest Rate Decision (current 9.0%)
         Eurozone July Economic, Business, Services, & Industrial Confidence
Friday,      July 28 US Advance Q2 GDP (1st look) & Benchmark Revisions to 2014--16 GDP
Canada May GDP
US Q2  ECI-Employment Cost Index
Brazil Jun Budget Balance (Surplus, or Debt, to GDP ratio)
U.M. Final July Consumer Sentiment
Baker-Hughes weeky US/North America Rig Count (1pm et)
Fed's Kashkari speaks w/Q&A  @Chamber of Commerce (Oakdale MN   1:30pm)
Federal Reserve Assets & Liabilities of Commercial Banks in the US
Saturday, July 29

         WEEKS AHEAD:  08
/01  RBA (Aussie) MPC Meeting
                                         08/02   Fed's Williams on "Monetary Policy's Role in Fostering Sustainable Growth" @Economic Club of Las Vegas
                                                      Fed's Mester speaks @Community Bankers Ass'n of Ohio (Cincinnati)
                                        08/03    BoE MPC Rate Decision, Minutes +  Inflation Report
                                        08/10    RBNZ (New Zealand) MPC statement * official Cash Rate
                                        08/16    Minutes of the July 25--26 FOMC Meeting
                                 08/24--26    K.C. Fed Jackson Hole Economic Symposium 

*FOMC 2017 Voting Members:  Four governors on the FOMC are permanent voters: Janet Yellen, Stanley Fischer, Lael Brainard, Jay Powell. Dan Tarullo was the 5th.vote at every meeting but he retired from the Board. (Board Governors now endure 3 vacancies, w/Trump nominating one after July 4th). NY Fed Pres.Wm Dudley also a permanent FOMC voting member. The rest of the voters, in 2017, are 5 of the 11 regional Fed Pres.:New voters, for 2017: Philly Fed Pres. Patrick Harker, Minneapolis Fed Pres Neel "Too Big to Fail" Kashkari, Dallas Fed's Robert Kaplan, and Chicago Fed Pres Charles Evans.  Evans was last a voter in 2015. The other 3 are voters for the first time. Loretta Mester (Cleveland), Eric Rosengren (Boston), James Bullard (St. Louis) and Esther George (Kansas City) have lost their votes in 2017. In an Oct. speech, Harker said he would have preferred if rates had been raised at the prior FOMC meeting. Kaplan was a 23-yr veteran of Goldman Sachs before winding up at Harvard Business School. Mester & George are hawks that dissented at several 2016 meetings until the 2016 rate hike announced 12/14 but aren't voters in 2017.  Richmond Fed's Jeff Lacker resigned in early April 2017, when it became known he'd leaked sensitive FOMC discussions to Medley Advisors. Richmond is operating with an Interim Pres, Mark L Mullinix, while the search for a new leader continues. Raphael Bostic replaced Dennis Lockhart at the Atlanta Fed, when Lockhart left.
                     

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