wall street in advance

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,   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
         EU FinMins press conference to close 2-days of meetings (Vienna)
Saturday, Sept 08 Fed's Rosengren presents paper on "Some Unpleasant Stabilization Arithmetic" at Boston Fed Conference (10:45am)
    OVERNIGHT into US Sun. a.m. et:
         RBA (Aussie) Bullck speaks (Albury)
         New Zealand Q2 Manufacturing Activity/Volume & Aug REINZ House Sales
         Japan Jul Current Account Balance, Q2 GDP, CapEx, Aug Bank Lending
         China Aug Money Supply, New Yuan Loans, Aggregate Financing
         Japan Aug (P) Machine Tool Orders
         China Aug PPI  + CPI
         UK Jul Trade Balance, Industrial & Manufacturing + Construction Production
         Eurozone Sept Sentix Investor Confidence
         UK Jul GDP, NIESR Q2 GDP, Index of Services
Sunday,   Sept 09 Sweden General Elections
Monday,  Sept 10 Conference Board's Aug Employment Trends Index
Fed's Bostic fireside chat @ Albany Chamber of Commerce w/Q&A (Albany GA 11:30am et)
US Treasury Auctions $48B 3-, & $42B 6-month Bills
TD Ameritrade IMX (12:30pm et)
US July Consumer Credit (3pm et Debt, really)
    OVERNIGHT into US Tues. a.m. et:
         New Zealand Aug Card Spending, Q4 Manpower Survey
         Riksbank Dpty Gov Jochnick discusses monetary policy @PwC event (Sstockholm)
         Riksbank Gov Ingves discusses current monetary policy at GS event (London)
         Aussie Q4 Manpower Survey, NAB Aug Business Survey/Confidence
         French Q2 Non-Farm Payrolls
         German ZEW Economic Sentiment/Current Conditions & Q4 Manpower Employment Outlook
         Japan Jul Tertiary Industry Index
         UK Jul ILO Unemployment Rate/Change, Aug Jobless Claims/Count
         South Africa Jul Manufacturing Production
         China Manpower Q4 Survey
         Canada Aug Housing Starts
Tuesday, Sept 11 NFIB Sept Small Business Optimism Index
Mexico Jul Industrial Production NSA
Redbook weekly store sales snapshot
US Jul JOLTS
US Jul (F) Wholesale Trade/+ Inventories
US Auctions 4-, and $26B 52 week Bills (11:30am et)
US Treasury Auctions $35B 3-year Notes (1pm et)
    OVERNIGHT into US Wed. a.m. et:
         South Korea Aug Unemployment Rate + Jul M2
         Singapore Jul Retail Sales
         RBA's Halloway speaks (Sydney), Westpac Sept Consumer Confidence
         Japan BSI Q3 Large Manufacturing & All Industry Activity
         Spain Aug CPI & HICP
         Italian Q2 Unemployment Rate, Jul Industrial Production
         RBA's Thompson speaks (Sydney)
         Eurozone Q2 Unemployment Rate/Change, Jul Industrial Production         
         Riksbank Gov Ingves @ Conf on Financial Regulations Post Brexit arranged by Centre for Philosophy of Natural & Social Science and the Financial Markets Group of the London School of Economics (London)
Wed.       Sept 12 MBA weekly Mortgage/Refinance Applications
India Jul Industrial Production/Capacity Utilization, Aug CPI, M3 Money Supply
South Africa Jul Retail Sales
US Aug PPI-Final Demand
OPEC Monthly Report
Teranet/National Bank Canada Aug Home Price Index, Q2 Capacity Utilization
Brazil FX Flows
Atlanta Fed Business Inflation Expectations
Fed's Bullard addresses Chicago CFA Society (9:30am et)
EIA weekly Petroleum/Gasoline/Distillates Report (w/e 09/06; 10:30am et)
WASDE Report (noon; USDA World Agricultural Supply & Demand Estimates)
US Treasury Auctions $23B reopened 10-year Notes (1pm et)
Fed's Beige Book Released (2pm et)
    OVERNIGHT into US Thurs a.m. et:
         Japan Reuters Sept Tankan Index, Aug Domestic Corporate Goods Price Index, Jul Machine Orders
        Aussie Aug Unemployment Rate/Change/Participation, Sept Consumer Inflation Expectations
        Tokyo Aug Avg Office Vacancies & Condominium Sales
        UK RICS Aug House Price Balance
        French & German Aug CPI & HICP
        Swiss Aug PPI & Import Prices
        South Africa Jul Gold & Mining Production
        EU Finance Ministers Meet
        ECB MPC Rate Decision, ECB Gov Draghi Press Conference (Frankfurt)
        BoE Sept MPC Rate Decision/QE Asset & Corporate Bond Target
Thursday, Sept 13 BoE Gov Carney post-Meeting Press Conference (London)
IEA Monthly Report
Brazil Jul Retail Sales
US Aug CPI
US weekly Jobless Claims
Canada Jul New House Price Index
EIA weekly Natural Gas Report
Fed's Bostic on "Economic Outlook & Monetary Policy" w/Q&A @ Mississippi Council of Economic Education (12:30pm Jackson MS)
US Treasury Auctions $15B reopened 30-year Bonds
US Treasury Budget (2pm et)
US weekly Fed Balance Sheet & Money Supply  (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
         South Korea Aug Import & Export Price Indices
         New Zealand Aug Business & Manufacturing PMI
         German Aug Wholesale Price Index
         China Aug Unemployment Rate, Retail Sales, Industrial Production, Fixed Asset Investment
         Japan Jul Industrial Production/Capacity Utilization
         Norge Bk Dpty Gov Nicolaisen speaks @ seminar hosted by Finance Minsistry about financial crisis 10 years ago (Oslo)
         Italy Aug CPI & HICP
         Russia MPC Sept Interest Rate Decision
         BoE Quarterly Bulletin
         Eurozone Jul Trade Balance, Q2 Labor Costs
         Riksbank's Vredin panelist on "Monetary policy beyond normalisation: objectives & instruments" at Belgian Financial Forum & SUERF Conference "10 Years after the start of the crisis: contours of a new normal"  ECB's Smets also speaks  (Brussels)
        ECB's Nowotny panelist on banking (Vienna Austria)
Friday,    Sept 14 US Aug Retail Sales
US Aug Import/Export Prices
Fed's Evans on current economic conditions & monetary policy @ Northeast Indiana Regional Economic Forum w/Q&A, nosted by Sweetwater Sound Company, ( 9am et Ft Wayne IN)
US Aug Industrial Production/Capacity Production
US Business Inventories
U.M. (prelim) US Consumer Sentiment
Baker-Hughes weekly US/North American Rig Count (1pm et)
Sat.         Sept 15 China Aug New Home Prices

         WEEKS AHEAD:    09/17 Riksbank minutes of MPC meeting
                                           09/19   BoJ MPC 2-day Meeting Decision
                                           09/20   SNB (Swiss) MPC Interest Rate Decision
                                                      Norge Bank MPC Rate Decision + Press Conference
                                          09/22  Riksbank's (Sweden) 350th Anniversary (Stockholm)
                                          09/24  BoJ Minutes of its July 30--31st MPC Meeting (Tokyo)
                                  09/25--26   FOMC Meets, Updates Forecasts, Press Conference to Follow
                                          09/27   RBNZ (New Zealand) MPC Meeting
                                                    * Mexico only central bank not meeting in September 

*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