MAY-18Economic Statistics

wall street in advance

May 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, April 29		OVERNIGHT into US Mon. a.m. et: UK Lloyds April Business Barometer South Korea March Industrial Production, Retail Sales, Service Sector Output RBA Gov Lowe speaks at Board Dinner + TD Securities April Inflation European Commission Economic Data & Forecasts Updated China April Manufacturing, non-Manufacturing & Composite PMI Aussie March Private Sector Credit & HIA New Home Sales New Zealand ANZ April Activity & Business Confidence Singapore March Bank Lending, Q1 Business Expectations South Africa March Private Sector Credit, Trade Balance, & M3 German March Retail Sales, April CPI + HICP Spain Feb Current Account Eurozone Private Sector Loans Italy Apr CPI & HICP India March Federal Fiscal Deficit & Infrastructure output
Monday, April 30		US March Personal Income/Spending, + PCE Canada March Industrial Product & Raw Materials Price Indices Chicago April PMI US March Pending Home Sales Index Canada Mar. IPPI, RMPI Dallas Fed April Manufacturer Activity Survey+ March PCE US Treasury Auctions $48B 3-, & $42B 6-month Bills Brazil March Budget Balance, Debt-to-GDP Ratio Japan & China Holidays OVERNIGHT into US Tues. a.m. et: RBA (Aussie) MPC Meets AiG April (Aussie) Performance of Manufacturing Index New Zealand March Building Permits Aussie CBA April Manufacturing PMI & CoreLogic House Price Index South Korea April Trade Balance Japan April Official Reserve Assets & Apr. Manufacturing PMI RBA post-Meeting Cash Interest Rate + Apr. Commodity Index Swiss April Manufacturing PMI Ward's US April Total Vehicle Sales BoE March Consumer Credit, M4 Money Supply UK March Net Lending on Dwellings, Mortgage Approvals UK Markit April Manufacturing PMI, M4 Money Supply South Africa Manufaturing PMI Canada Feb GDP, RBC April Manufacturing PMI
Tuesday, May 01		US April Motor Vehicle Sales Redbook weekly store sales snapshot Canada Feb GDP + RBC April Manufacturing PMI FOMC 2-day Meeting starts US April Manufacturing PMI US April ISM Manufacturers' Index/Orders/Prices Paid/Employment US March Construction Spending BoC's Poloz speaks Yellowknife Chamber of Commerce Holidays in China, Hong Kong, Russia, Italy, France, Brazil, South Africa, Spain, South Korea, Switzerland, Germany, India. (May Day in most Countries) OVERNIGHT into US Wed. a.m. et: New Zealand April QV House Prices Q1 Unemployment Rate/Change/ Participation/Labor Cost South Korea April CPI + Nikkei April Manufacturing PMI UK BRC April Shop Price Index Japan April Monetary Base End of Period, Nikkei Services & Composite PMI + April Consumer Confidence Index China Caixin Manufacturing PMI Swiss March Retail Sales, April SECO Consumer Confidence Markit Eurozone, France, Germany, Italy Apr. Manufacturing PMI Italy Q1 GDP UK Markit/CIPS April Construction PMI Eurozone Q1 GDP, March Unemployment Rate Riksbank Gov Ingves address at FT Global Banking Conference (London)
Wed., May 02		FOMC post-Meeting Statement (2pm et) MBA weekly Mortgage/Refinance Applications ADP April Private Company Employment Report US Treasury Refudning Announcement includes 10-, & 30-year Bonds EIA weekly Petroleum/Gasoline/Distillates Report Brazil Markit April Manufacturing PMI, Trade Balance & FX Flows Singapore April Manufacturing PMI South Africa April Total Vehicle Sales OVERNIGHT into US Thurs. a.m. et: Aussie ANZ Apr. Job Ads, AiG Performance of Service Index, CBA Services & Composite PMI, March Trade Balance, Mar. Building Approvals, Trade Balance Private House Approvals New Zealand Commodity Price Index Norges Bank (Norway) MPC Interest Rate Decision (Oslo 05/03 local time) Russia Markit April Manufacturing Index Spain Unemployment Change + Consumer Confidence UK Markit/CIPS April Services & Composite PMI Hong Kong March Retail Sales Eurozone March PPI, April CPI
Thursday, May 03		Challenger April Job-Cut Report ECB's Constancio & Coeure speak @"Fostering Banking Union and Capital Markets" (Frankfurt) Bk of France Gov de Galhau speaks at BoF/European Investment Bank "Investment in France: gearing up momentum" (Paris FR) US March International Trade Deficit US weekly Jobless Claims Canada March Int'l Merchandise Trade Balance ECB's Coeure speaks (Frankfurt) US 181 Productivity & Costs US April Markit Services & Composite PMI Brazil Mar. Industrial Production Russian Central Bank Reserves US March Factory Orders US April Non-Manufacturing ISM Index US March (F) Durable Goods Orders/Shipments EIA weekly Natural Gas Report SNB's (Swiss) Gov Jordan speaks on Vollgeld Initiative {Soverign Money} (Zurich Vollgeld Eliminates Leverage, instead backing every penny lent with cash) US weekly Fed Balance Sheet & Money Supply Japan Holiday OVERNIGHT into US Fri. a.m. et: China BoP Q1 Current Account Balance RBA Monetary Policy Statement South Korea March Current Account Hong Kong April Manufacturing PMI China Caixin April Services & Composite PMI India Nikkei April Services PMI France Mar Current Account, Gov't Budget Balance, Industrial Investments, Trade Balance South Africa April Standard Bank PMI Markit Eurozone France, Germany, Italy April Services & Composite PMI UK April New Car Registrations Eurozone March Retail Sales
Friday, May 04		US April Unemployment Rate/Change/Participation/Avg Hourly Earnings Canada Ivey April PMI Fed's Dudley at BBG's "Financial Tumult of Our Times & Challenges Ahead" (NY) Fed's Williams + Fed Gov Quarles presentst on "Financial Stability, Regulations & the Balance Sheet" + Fed's Bostic, George & Kaplan Panelists on "Monetary Policy & Reform in Practice" @ Hoover Institution/Stanford Univ. "Currencies, Capital & Central Bank Balances: A Policy Conference" (Amelia Island FL) Brazil Markit April Services & Composite PMI Russia CPI Baker-Hughes weekly US/North American Rig Count (1pm) Japan Holiday OVERNIGHT into US Saturday Riksbank's Olsen & Slyngstad participate on the management of Gov't Pension Fund in the Storting's Financial Committee (Oslo)
Saturday, May 05		Japanese Holiday--Children's Day
Sunday, May 06		BoJ releases Minutes of its March 08--09 Meeting Fed Gov Quarles speaks at Atlanta Fed's "23rd Annual Financial Markets Conference on :Machines Learning Finance" (7pm et Amelia Island FL ) OVERNIGHT into US Mon.a.m. et: China April FX Reserves Aussie April NAB Business Conditions Survey German March Factory Orders + April FX Reserves Russia April Markit Services PMI Hong Kong April FX Reserves Singapore April FX Reserves Eurozone May Sentix Investor Confidence Swiss April CPI Markit German April Construction PMI MBA (US) Q1 Mortgage Foreclosures & Delinquencies (Fannie says down) Markit, Eurozone, French, German April Retail PMI
Monday, May 07		US Treasury Auctions $48B 3-, & $42B 6-month Bills TD Ameritrade IMX Fed's Barkin speaks @George Mason Univ w/Q&A (2pm Fairfax VA) US March Consumer Credit (Debt, really, 3pm) BoC (Canada) Lane panelist (Portugal) Brazil April Auto Production & Sales Fed's Kaplan on "Learning about an ML-Driven Economy" + Fed's Bostic, Fed's Harker, Fed's Evans, & Vince Reinhart on "Machines Learning Finance: Will they change the Game?" @ Atlanta Fed's 23rd Financial Markets Conference on "Machines Learning Finance" (Amelia Island FL) (www.frbatlanta.org/news/conferences-and-events/conferences/2018/ South Korea & UK Holidays OVERNIGHT into US Tues. a.m. RBA (Aussie) Boge speaks (Sydney) Japan March Household Spending China April Trade Balance (Exports/Imports), Foreign Direct Investment Aussie March & Q1 Retail Sales Japan 10-year JGB Auction Swiss April Unemployment Rate, & Q1 UBS Real Estate Bubble Index South Africa April FX Reserves Riksbank publishes Minutes of its Monetary Policy Meeting (Stockholm) German March Trade Balance, Current Account, Industrial Production UK Halifax April House Prices EU Economic Forecasts Canada April Housing Starts
Tuesday, May 08		NFIB Small Business Optimism Index Canada April Housing Starts Redbook weekly store sales snapshot Fed's JOLTS US Auctions 4-week bills (11:30am et) & Auctions $31B 3-year Notes (1pm et) IMF's Tao Zhang speaks at Atlanta Fed FinMarkets Conference OVERNIGHT into US Wed a.m. New Zealand April Retail Spending/Card Spending, REINZ House Sales China Trade Balance UK BRC Like for Like April Sales Japan Mar. Labor Cash Earnings, Real Cash Earnngs, April FX Reserves French & Spanish March Industrial Production Italy Mar Retail Sales German 30-year Bund Auction UK 10-year Treasury Gilt Auction
Wed. May 09		MBA weekly Mortgage/Refinance Applications Canada Mar Building Permits US April PPI-FD US March Wholesale Trade EIA weekly Petroleum/Gasoline/Distillate Status US Treasury Auctions $25B 10-year Notes (1pm et, a tenor that's had trouble of late) Canada March Building Permits Brazil FX Flows Fed's Bostic speaks @World Affairs Council w/Q&A (1:15pm Jacksonville FL) Russia Holiday OVERNIGHT into US Thurs. a.m. et: RBNZ (New Zealand) MPC Policy Statement, Official Cash Interest Rate RBNZ post-Meeting Press Conference BoC (Canada)'s Dinish speaks on Cyber Security UK RICS April House Price Balance Japan March Current Account & Trade Balance +April Bank Lending BoJ Summary of Opinions from April 26--27 MPC Meeting (Tokyo) China April Aggregate Financing, Money Supply, New Yuan Loans German April Wholesale Price Index China April PPI & CPI ECB Publishes Economic Bulletin UK Mar. Trade Balance, Industrial & Manufacturing Production, Construction Output South Africa March Mining & Gold Production BoE Monetary Policy Statement, Asset Purchase Target, Inflation Report, QE Total UK April NIESR GDP Brazil April CPI
Thursday, May 10		US April CPI Canada March New Housing Price Index + BoC Review US weekly Jobless Applications EIA weekly Natural Gas Report US Treasury Auctions $17B 30-year Bonds Treasury Refunding Announcement US Treasury Budget (2pm et) US Fed Balance Sheet + Money Supply (4:30pm et) Swiss Holiday OVERNIGHT into US Fri. a.m. et: New Zealand April Business Manufacturing PMI, Food Prices Aussie March Home Loans, Investment Lending, Value of Loans Singapore March Retail Sales Spain April CPI, HICP Hong Kong Q1 GDP India Bank Loan & Deposit Growth, FX Reserves, Mar. Industrial Production, & Manufacturig Output
Friday, May 11		Brazil March Retail Sales US April Import/ Export Prices Canada April Unemployment Rate/change/Earnings/Participation BoC's Wilkins speaks at Women's Forum Canada Fed's Bullard speaks wQ&A @ Springfield Business Development Corp Meeting Russia March Trade Balance U.M. May PreliminaryConsumer Sentiment Baker-Hughes Rig Count (1pm et)
Saturday, May 12

       WEEKS AHEAD: 05/14    Fed's Bullard presentation @ CoinDesk's Consensus (NY)
                                                       Fed's Mester speaks at GIC "Central Banking Series with Banque de France"
                                       05/17       Bk of Mexico MPC Meets
                                       05/30       BoC (Canada) MPC Meets


*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 William Dudley, who plans on retiring in 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 veterans John Williams, who became Pres of the San Francisco Fed after Janet Yellen became Fed Chairperson, and Cleveland Fed's Loretta Mester, a very vocal hawk 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 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. Hawk Mester votes in 2018..