wall street in advance

December 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,    Dec 16 ECB's Draghi & Bundesbank's Weidmann speak (Frankfurt)
Chicago Fed's Evans Q&A @ Fixed Income Roundtable (Chicago Fed)
    OVERNIGHT into US Mon. a.m. et:
         Japan Nov. Dept Store Sales
         Singapore Nov non-Oil Exports
         Italian Oct Trade Balance
         Belgian MPC & ECB member Smets presents Belgian Economic Forecasts
         UK Rightmove Dec House Prices, CBI Dec Industrial Order Trends
         Eurozone Oct Trade Balance, Nov CPI
Monday,   Dec 17 Empire State/NY Fed Dec Manufacturing Survey
Canada Oct Int'l Securities Transactions & Nov Existing Home Sales
NAHB Dec Housing Market Index
Brazil CAGED Net Payrolls
US Treasury Auctions $39B 3-, & $36B 6-month Bills
Treasury Oct TICS (4pm)
    OVERNIGHT Into US Tues. a.m. et:
         Aussie HIA New Home Sales + Nov Offshore Hldgs
         UK GfK Dec Consumer Confidence
         New Zealand ANZ Dec Activity
         RBA (Aussie) Minutes of 12/04 Meeting
         Swiss SECO Dec Economic Forecasts
         Hong Kong Nov Unemployment Rate
         German Dec IFO Business Climate/Expectations
         Bk of Finland Gov+ ECB MPC Rehn updates forecasts for Finnish economy
         ECB's Makuch holds news conference (Bratislava)
         Brazil BCB Copom Meeting Minutes
         Russia PPI
Tuesday,  Dec 18 US Nov Housing Starts/Building Permits
Canada Oct Manufacturing Sales
Redbook weekly store sales snapshot
FOMC 2-day Meeting starts
    OVERNIGHT into US Wed. a.m. et:
         New Zealand Q3 GDP, Current Account Balance
         Japan Nov Trade Balance, BoJ starts 2-day Meeting (to 12/20 local time)
         German Nov PPI
         UK Nov. CPI incl. Owner-Occupied Housing Costs, RPI, PPI, Oct HPI Index
         Eurozone Oct Construction output
         BoJ's Kuroda & Bk of France's de Galhau speak @Europlace Int'l Fin Forum
Wed.        Dec 19 MBA weekly US Mortgage/Refinance Applications
US Current Account Imbalance (8:30am)
Russia Nov Unemployment Rate, Retail Sales
Canada Q3 Current Account Balance, Nov CPI
US Nov Existing Home Sales
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am  w/e 12/14)
FOMC Post-Meeting Statement /Rate Decision (2pm)
FOMC Updated SEP (Member Forecasts 2pm)
Jerome Powell Press Conference (2:30pm et)
    OVERNIGHT into US Thurs. a.m. et
        New Zealand Q3 GDP, Nov Trade Balance
        Aussie Nov Unemployment Rate/Change/Participation, Credit Card Spending
        BoJ MPC Interest Rate & QE Decision, + Kuroda Presser (12/20 local time)
        Italian Nov PPI
        Hong Kong Nov CPI
        Riksbank (Sweden) MPC Meets on Rates (12/20 local time)
        Eurozone Oct current Account
        UK Nov Retail Sales, CBI Dec Distributive Trades Survey
        Russia GDP
        BoE MPC Meets on Rates & QE, Releases Minutes, Publishes Inflation Report (12/20 local time)
Thursday, Dec 20 BoE Gov Carney Press Conference
US weekly Jobless Claims
Canada Oct Wholesale Trade
Philly Fed Dec Business Outlook Survey
EIA weekly Natural Gas Report (10:30am et  w/e 12/14)
US Treasury Refunding Announcement
US Treasury Auctions 4-, & 8-week Bills (Value not yet announced)
US Treasury Auctions $14B Reopened 5-year TIPS
Bk of Mexico MPC Meets, Announces Rate Decision (Raised at last meeting)
Fed weekly Balance Sheet &  US Money Supply (4:30pm et)
    OVERNIGHT into US Friday a.m. et:
        So. Korea Nov PPI
        New Zealand Q3 GDP & ANZ Dec Consumer Confidence
        China Nov Fixed Net Settlement
        Aussie Unemployment Rate/Change/Participation
        New Zealand Nov Credit Card Spending
        Japan Oct All Industry Activity Index, Nov Machine Tool Orders, CPI
       Swiss Nov Trade Balance, Watch Exports
        French Q3 GDP, Nov Consumer Spending, PPI, Dec Business Survey
        Spain Trade Balance
        Italy Nov Trade Balance
        India Bank Loan & Deposit Growth
        BoE Quarterly Bulletin
        Brazil Nov Current Account & Foreign Direct Investment
        UK Q3 GDP, Total Business Investment, Nov Retail Sales, Public Sector Net Borrowing, Central Gov't NCR, Public Finances, Q3 Current Account Balance, Dec GfK Consumer Confidence         
Friday,      Dec 21 Quadruple Witch Options/Futures Expiration
Canada Q3 GDP, Oct Retail Sales
BoC (Canada) Business Outlook Report (surveys 100 companies)
Durable Goods Orders/Shipments (8:30am)
US Q3 GDP/Business Investment/Consumer Spending/Consumption/PCE
US Q3 Corporate Profits 
US Q3  Personal Income/Spending/PCE  (10am)
US Nov Durable Goods Orders/Shipments
Bk of Canada Business Outlook Survey & Oct Gov't Budget Balance
U.M. Final Dec Consumer Sentiment Survey
K.C. Dec. Fed Manufacturing Index
Baker-Hughes weekly US/North American Rig Count (1pm et)
Dallas Fed Nov PCE
US Federal Funding Expires at Midnight (2-wk extension from 12/07)
Saturday, Dec 22 S&P Indices Rebalanced Based on Yesterday's Close
Sunday,     Dec 23 See Full International Economic Calendar through year end here

         WEEKS AHEAD: 
                                                     

*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, newly (Sept) sworn in Richard Clarida, 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, without a leader, since Williams left for NY in July, named Mary Daly Pres/CEO as of 10/1/2018, who'll be a voter until Feb. The hole in the San Francisco Fed's hierarchy resulted in Esther George--a very vocal hawk--becoming a voting member of the FOMC, but she steps aside as of Mary Daly's swearing in, and returns as a voter in Feb 2019. Cleveland Fed's voter, Loretta Mester, a 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 (unintentionally) leaked sensitive FOMC discussions to Medley Advisors. Richmond operated with an Interim Pres, Mark L Mullinix, while searching for its new leader, Thomas Barkin, who arrived Jan 1st 2018.. 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 Price