wall street in advance

August/September 2018 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,   Aug  26    OVERNIGHT into US Mon. a.m. et:
        German Jul Retail Sales + IFO Aug Business Assessment/Expectations
        Hong Kong Jul Trade Balance
        China Jul Industrial Profits
Monday,  Aug. 27 Chicago Fed Aug. National Activity Index
Dallas Aug. Fed Manufacturing Survey
Brazil Jul Current Account & Foreign Direct Investment
BoC Review
US Treasury Auctions $51B 3-, & $45B 6-month Bills (11:30am et)
US Treasury Auctions $36B  2-year Notes (1pm et)
UK Summer Bank Holiday
    OVERNIGHT into US Tues. a.m. et:
         BoJ Core CPI
         Swiss Q2 Employment Level
         EEA-ESEM European Economic Ass'n + European Econometric Society Joint Annual Congress (thru 31st, Cologne Germany)
         Italian Aug Business & Consumer Confidence
         Eurozone Private Sector Loans
         Italy Jul PPI
         UK Inflation Report Hearings, Aug Nationwide Price Index
Tuesday,  Aug 28 US July (Adv) Int'l Trade Deficit
US July Retail Inventories
US July Wholesale Inventories
Redbook weekly store sales snapshot
S&P CoreLogic Case Shiller June 20-city House Price Index
Conference Board's Aug. Consumer Confidence
Richmond Fed Aug Manufacturing Index
US Treasury Auctions 4-week bills (11:30am et)
US Treasury Auctions $37B 5-year Notes (1pm et)
    OVERNIGHT into US Wed. a.m. et:
         UK BRC Aug. Shop Price Index
         Aussie HIA New Home Sales
         Mexican Central Bank relesases Q2 Inflation Report
         Riksbank 1st Dpty Gov Jochnick on "the role of central bank money on tomorrow's payment market" (Stockholm)
         BoJ Bond Purchases & Member Suzuki speaks (Naha), Consumer Confidence
         UK Nationwide Home Price Index
         German GfK Sept Consumer Confidence
         French Q2 (P) GDP & Jul Consumer Spending
         Credit Suisse Swiss Aug Survey Expectations & ZEW Aug Expectations
         CFIB Aug Survey
Wed.        Aug 29 MBA weekly Mortgage/Refinance Applications  (rates pulled well back last week)
Canada Q2 Current Account Balance
US Q2 GDP (2nd look) + PCE /Core PCE & Consumer Spending
US Q2 Corporate Profits
US Jul. Pending Home Sales Index
Brazil Jul Bank Lending & FX flows
EIA weekly Petroleum/Gasoline/Distillates Report (w/e 08/24)
US Treasury Auctions $17B reopened 2-year FRN (11:30a, et) 
US Treasury Auctions  $31B 7-year Notes (1pm et)
USDA Farm Prices
    OVERNIGHT into US Thurs. a.m. et:
         So. Korea Sept Manufacturing BSI Index
         New Zealand Jul Building Permits & ANZ Aug Activity Outlook
         Japan Jul Retail Sales, Bk Loans & Discounts +Foreign Investments in Japan
         China Jul Swift Global Payments
        Aussie Q2 Private CapEx, Jul Building Approvals, Business CapEx
        German Aug Unemployment Claims/Change, CPI, HICP
        South Africa Jul Private Sector Credit, M3
        Spain Aug CPI, HICP & Business Confidence
        UK Jul Net Consumer Credit, Lending on Dwellings, Mortgage Approvals, M4
        Hong Kong Jul Retail Sales
        Eurozone Aug Business, Industrial, Services, Consumer Confidence
        South Africa Jul PPI
        Brazil MPC BCB Monetary Council Rate Decision, Unemployment Rate
        Bundesbank Chief Weidmann speaks (Athens)
Thursday, Aug 30 US weekly Jobless Claims
Canada Q2 GDP
US July Personal Income/Outlays
EIA weekly Natural Gas Report (10:30am et)
South Korea Jul Industrial Production, Retail Sales, Service Sector Output
US Fed weekly Balance Sheet & Money Supply
    OVERNIGHT into US Fri. a.m. et:
         UK GfK Aug Consumer Confidence, Lloyds Business Barometer
         Japan Jul Jobless Rate/Change, Job/Applicant Ratio, CPI, Industiral Production
         China Aug Non-Manufacturing & Composite PMI
         Aussie Jul Private Sector Credit
         Singapore Jul bank Lending
         Japan Jun Vehicle Production, Construction Orders, Housing Starts/Annualized
         South Korea Aug Central Bank MPC Decision
         Eurozone Jul Unemployment Rate/Change, Aug CPI
         French Jul PPI, CPI & HICP
         Spain Jul Retail Sales & Jun Current Account
         Italy Q2 (F) GDP
         India Bank Loan/Deposit Growth, Q1 GDP, Fx Reservces, Infastructure Output
         Canada Jul Indutrial Product & Raw Materials Price Indices
         ECB VP de Guindos closes Cursos de la Granda (La Granda Spain)
         Brazil Q2 GDP
         Nat'l Bk of Austria Gov Nowotny hosts reception at Alpbach Economic Forum
         South Africa Jul Trade Balance
Friday,     Aug 31 Chicago Aug. PMI
Canada Jul RMPI, IPPI
Brazil Jul Budget Balance
U.M. Final Aug. Consumer Sentiment
Canada Jun Budget Balance
Baker-Hughes weekly US/North American Rig Count (1pm et)
      OVERNIGHT into US Sat. a.m. et:
          Auggie AiG Aug Manufacturing Index
          South Korea Aug Trade Balance
Sat.          Sept. 01
Sunday,   Sept 02     OVERNIGHT into US Mon. a.m. et:
        Aussie AiG Aug Performance of Manufacturing, CBA Aug Manufacturing PMI
        Japan Q2 Corporate Profits, Company Sales, Capital Spending, Fx Reserves
        Japan Nikkei Aug Manufacturing PMI, Aug Vehicle Sales
        South Korea Nikkei Aug Manufacturing Index
        Aussie Q2 Inventories, TD Securities Aug Inflation, Jul Retail Sales, Job Ads
        China Caixin Aug Manufacturing PMI
        Swiss Jul Retail Sales, Aug Manufacturing PMI
        Russia Aug Markit Manufacturing PMI
        Markit Eurozone, France, Germany, Italy Aug Manufacturing PMI
        South Africa Manufacturing PMI
        UK Markit Aug Manufacturing PMI
        Brazil Aug Markit Manufacturing PMI
        Singapore Aug Manufacturing PMI
        ECB's Mersch speech on "Strenthening the European Financial Industry amid Disruptive Global Challenges" (Paris)
       BoJ's Kuroda keynotes symposium commenorating the 30th Anniversary of Stock Index Futures (Tokyo)
Monday, Sept 03 US Labor Day Holiday  All US Markets Closed
Canada Labor Day Holiday Markets Closed
BoE Gov Carney + Haldane, Tenreyro & Saunders speaks on BoE's decision to rate interest rates in Aug & its latest inflation report (London)
Mexican Aug Markit Manufacturing PMI
Brazil Aug Trade Baalnce
Fed's Evans speaks on Policy at an Argentine Event
    OVERNIGHT into US Tuesday a.m. et:
         UK BRC Aug Like-for-Like Sales
         South Korea Q2 GDP, Aug CPI, Fx Reserves
         Japan Aug Monetary Base
         Aussie Q2 Current Account Balance, Cash Rate
         Swiss Aug CPI
         UK Markit CIPS Aug Consotruction PMI
         Spain Unemployment Rate
         Brazil Jul Industrial Production 
         RBA (Aussie) MPC Interest Rate Decision (09/04 local time)
         Eurozone Jul PPI
        Aussie RBA Gov Lowe speaks (Perth)
Tuesday, Sept 04 US Aug Manufacturing PMI
US Aug Motor Vehicle Sales
Canada RBC Aug Manufacturing PMI
ISM Aug Manufacturing Index/New Orders/Prices Paid/Employment
Fed's Evans on Policy Normalization
US July Construction Spending
US Treasury Auctions $48B 3-, & $42B 6-month Bills & $55B 4-week Bills
    OVERNIGHT into US Wed. a.m. et:
        New Zealand QV Aug House Prices, Aug ANZ Job Ads, Q2 Volume of All Buildings
        Aussie CBA Aug Australia Services & Composite PMI, Q2 GDP
        Japan Nikkei Aug Services & Composite PMI
        Caixin China Aug Services & Composite PMI
        Markit France, Germany, Aug Markit Services & Composite PMI
        UK Aug New Car Registrations, UK Official Fx Reserves, Markit/CIPS Services & Composite Aug PMI
        India Nikkei Aug Services PMI
        South Africa Aug Standard Bank PMI
        Markit Eurozone Aug Services & Composite PMI & Jul Retail Sales
Wed.,     Sept 05 MBA weely Mortgage/Refinance Applications
US Jul Int'l Trade Deficit
Canada Jul Int'l Merchandise Trade Balance, Q2 Labor Productivity
Redbook weekly store sales snapshot
BoC MPC Rate Decision followed by press conference
Fed's Bullard presents on US Eco & monetary poicy at Real Return XII--Euromoney Conferences (NYC)
Fed's Williams on local economy at Seneca Nation regional tour (Niagara Falls 3pm)
Fed's Kashkari town hall forum w/Q&A (Bozeman MN 4pm)
Fed's Williams in Buffalo with the Partnerhip for Public Good (Harbor Center, Buffalo NY 4:15pm)
Fed's Bostic fireside chat @ Chicago Council on Global Affairs w/Q&A (Chicago 6:30pm)
    OVERNIGHT into US Thurs. a.m. et:
        BoJ total purchases of stocks & Bonds
        Aussie Jul Trade Balance
        BoJ Kataoka speaks (Yokohama)
        Riksbank MPC Rate Decision (09/06 local time) presser w/Ingves & Hansson + Publication of Monetary Policy Report (Stockhom) 
        Swiss Q2 GDP
        South Africa Q2 Current Acdcount
        Brazil Aug CPI
        Germany Jul Factory Orders, Markit Aug Construction PMI       
Thurs.    Sept 06 Challenger Aug. Job Cut Report
ADP Employment Report
US weekly Jobless Claims
Canada Jul Building Permits
Russian Central Bank Fx Reserves & Gov Nabiullina delives annual Michel Candessus Central Banking Lecture at the IMF (D.C.)
Brazil Aug Auto Product & Sales
US Q2 Productivity & Costs
US Serivces PMI
Fed's Williams speaks on regional economy with Paul Tesluk Dean of Univ of Buffalo School of Mnmgmnt Campus w/Q&A (Buffalo NY 10am)
July Factory Orders
EIA weekly Natural Gas Report (10:30am et  w/e 08/31)
EIA weekly Petroleum/Gasoline/Distillates Report (11amet)
US Treasury Refuning Announcement
Fed weekly Balance Sheet & Money Supply
    OVERNIGHT into US Fri. a.m. et:
         BoC Dpty Gov Wilkins speaks (Saskatchewan)
         Japan  July Household Spending, Jul Labor Cash Earnings
         China Aug Fx Reserves & Trade Balance
         Aussie Jul Home Loans, Investment Lending, Value of all Loans, FX Reserves
         Swiss Aug Unemployment Rate, SNB's Zurbrugg on "10 years after the storm: How weatherproof is the Swiss Banking System today?" (Lucerne) 
         French Jul Trade Balance, Current Account, Gov't Budget Balance
         German Jul Trade Balance, Current Account, Jul Indusdtrial Production, Q2 Labor Costs
         UK BoE/TNS Aug Inflation Expectations, Aug Halifax House Price Index
         China Fx Reserves
         Eurozone Q2 Gov't Expenditure, Household Consumption, GDP
Friday,   Sept 07 Red's Kaplan speaks at Energy & The Economy: Charting the Course Ahead" Conference (Dallas TX)
Canada Aug Unemployment Rate/Change/Participation
US Aug. Employment Situation/Change/Participation
Fed's Rosengren opens Boston Fed 62nd Economic Conference: "What are the Consequences of Long Spells of Low Interest Rates?" (Boston 8:30am) Fed's Mester panelist on "Reality Check from the Markets"  (9am et)
Meixo Aug CPI
Canada Ivey Aug; PMI
Quarterly Services Survey
Baker Hughes US/North American Rig Count (1pm)
Brazil Holiday
    OVERNIGHT into US Sat. a.m. et:
         China Aug Trade Balance, Foreign DIrect Investment
         German Q4 Manpower Employment Oultook
Saturday, Sept 08 Fed's Rosengren presents paper on "Some Unpleasant Stabilization Arithmetic" at Boston Fed Conference (10:45am)

         WEEKS AHEAD:    09/09   Swedish General Election
                                           09/13   ECB MPC Meets
                                                       BoE MPC Meets
                                   09/25--26   FOMC Meets, Updates Forecasts, Press Conference to Follow
                                                
*FOMC 2018 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, plus New York Fed Pres, currently John Williams (Formerly of the San Francisco Fed) who replaced William Dudley, who retired from the bank on June 15, 2018.:New, revolving Regional Fed Bank leaders who are voters for 2018: Atlanta Fed Pres. Raphael Bostic, new in August 2017 (replaced Dennis Lockhart), former McKinsey exec Thomas Barkin, who assumed the title of Pres of Richmond Fed on 01/01/18, plus San Francisco Fed, currently without a leader, since Williams left for NY. The hole in the San Francisco Fed's hierarchy results in Esther George--a vrey vocal hawk--becoming a voting member of the FOMC, bolstering hawkish positions voiced by Cleveland Fed's voter, Loretta Mester, who wants rates raised at a quicker pace because she believes the Fed has, already, fallen behind the curve.  Richmond wound up with an opening, after Jeff Lacker resigned, in early April 2017, when it became known he'd (unintentionally) leaked sensitive FOMC discussions to Medley Advisors. Richmond operated with an Interim Pres, Mark L Mullinix, while searching for a new leader. Dissenters at the Dec. 2017 Meeting, Neel Kashkari & Charles Evans, are no longer voters in 2018.
               * HICP used in Europe, means Harmonized Index of Consumer Prices