wall street in advance

April 2019  Economic Statistics
and Other Economic Influences

                Weekly Chain Store Sales*
                 Average Hourly Earnings*
                 API Weekly Gas/Oil Stockpiles Report*  **
Mortgage Applications  Data
                 EIA Weekly Report on Gas & Oil Stockpiles* (10a.m.)
                 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,    Mar 31 China Mar Manufacturing, Non-Manufacturing + Composite PMIs
French Gov't Feb Budget Balance
    OVERNIGHT into US Mon. a.m. et:
         Aussie AiG Mar Performance of Manufacturing, CBA Mar PMI, CoreLogic HPI
         Japan Tankan Sm & Lg Q1 Manufacturing & non-Manufacturig Index/Outlook, Feb Loans & Discounts, Mar Official Reserves, Nikkei Manufacturing PMI, Vehicle Sales
         South Korea Mar Trade Balance, Nikkei Manufacturing PMI 
         Aussie NAB Mar Business Conditions/Confidence, RBA Commodity Index
         Singapore URA Qtrly Property Index
         China Caixin Mar Manufacturing PMI
         Russia Markit Mar Manufacturing PMI
         Swiss Feb Retail Sales, Mar SVME Manufacturing PMI
         Eurozone, French, German, Italian Mar Manufacturing PMI
         Italy Feb Monthly Unemployment Rate
         Hong Kong Feb Retail Sales
         UK Markit Mar Manufacturing PMI
         Russian CBR MPC Meeting
         Eurozone Mar CPI
         South Africa Mar Total Vehicle Sales
Monday,  Apr 01 US Feb Retail Sales (8:30am et)
RBC Canadian Mar Manufacturing PMI
Brazil Mar Markit Manufacturing PMI + Trade Balance
US Mar Manufacturing PMI (9:45am et)
US Jan (?) Business Inventories (10am et;  gov't shutdown shifted release dates)
Russia Qtr  GDP
US Mar Manufacturing ISM New Orders/Prices Paid/Employment
US Feb Construction Spending
US Treasury Auctions $45B 3-, & $39B 6-month Bills (11:30am et)
Mexico Markit Mar Manufacturing PMI
BoC Gov Poloz speaks @ Baffin Regional Chamber of Commerce/Nunavit Mining Symposium (Iqaluit NU)
    OVERNIGHT into US Tues. a.m. et:
         New Zealand QSBO Q1 Capacity Utilization + Business Confidence
         South Korea Mar CPI
         Japan Monetary Base
         Aussie Feb Building Approvals
         RBA (Aussie) MPC April Interest Rate Decision, Statemenmt 
         Nikkei India Mar Manufacturing PMI
         Spain Unemployment Rate/Change
         Swiss Mar CPI
         Wards US Mar Total Vehicle Sales
         UK Markit/CIPS Mar Construction PMI
         Eurozone Feb Unemployment Rate, PPI  (oil prices rising)
Tuesday,  Apr 02 US Feb Durable Goods Orders/Shipments
Brazil Feb Industrial Production
Redbook weekly store sales snapshot
ISM NY Mar Business Conditions
Rep Maxine Waters (Chair House FinServices Cmte), Kevin Hasset (Council of Eco Advisors), Sen Mike Crapo (Chair Senate Banking, Housing, Urban Affairs Cmte) speak @ ABA Summit (8:30--11:30am Washington Update/Legislative Oultook   DC)
Fed's Kaplan eco outlook & policy in light of sharp downgrade of FOMC Forecasts for Rates this year and next (Toronto)
    OVERNIGHT into US Wed. a.m. et:
         Aussie AiG Mar Performance of Services Index, CBA Services +Composite PMI
         UK BRC Mar Shop Price Index
         New Zealand Mar Commodity Price
         Aussie Feb Trade Balance & Retail Sales, Job Ads
         RBA releases Chart Package
         China Caixin Mar Services & Composite PMI
         Hong Kong Manufacturing PMI 
         South Africa Mar Standard Bank PMI & Manufacturing PMI
         Eurozone, France, Germany, Italy Mar Markit Services+Composite PMI
         UK Markit/CIPS Mar Services+Composite PMI, Official Reserves
         Eurozone Feb Retail Sales
Wed.,       Apr 03 MBA weekly Mortgage/Refinance Applications (w/e 03/29)
Brazil Mar Composite & Services PMI
Singapore Mar Manufacturing PMI
ADP March Private Sector Employment Report
Fed's Bostic, Barkin & George panelists at ABA Summit (D.C. 8:30am--10:30am)
US Mar Services PMI
ISM Mar non-Manufacturing ISM
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et;  w/e 03/29)
Fed's Kashkari town hall @ N.D. State U (Fargo ND 5pm)
    OVERNIGHT Into US Thurs. a.m. et:
         So. Korea Feb Current Account
         Japan 30-year JGB Auction
         India Nikkei Mar Services PMI
        India Central Bank Interest Rate Decision/Reverse REPO Rate/Cash Reserve Ratio
         ECB Releases Account of Last Monetary Policy Meeting
         German Feb Factory Orders, Mar Construction PMI
Thurs.      Apr 04 Challenger Mar Lay-off Report (7:30am et)
US weekly Jobless &  Continuing Claims (8:30am et)
Fed's Williams welcome delivered to Community Bankers Conference (9am et NY Fed)
Brazil Motor Vehicle Production/Sales
Canada Ivey Mar PMI
EIA weekly Natural Gas Report (10:30am et)
US Treasury Refunding Announcement (11am et)
US Treasury Auctions 4-, & 8-week Bills (11:30 am et)
Fed's Mester keynotes Ohio Banker's Day w/Q&A (Columbus OH 1pm et)
    OVERNIGHT into US Fri. a.m. et:
         Aussie AiG Mar Performance of Construction Index, Mar Fx Reserves
         Japan Feb Overall Household Spending/Cash Earnings/Overtime Pay
         German Feb Industrial Production
         French Feb Trade Balance
         Spain Feb Industrial Production
         UK Halifax Mar House Prices, Qtr Equity withdrawal Refinances
         UK 18Q4 Unit Labor Costs
Friday,     Apr 05 US March Unemployment Report/Change/Participation/Wages (8:30am et)
Canada Mar Unemployment Report/Change/Participation/Wages/Full-/Part-Time
Baker-Hughes US/North American Rig Count (1pm et; w/e 03/29)
US Feb Consumer Credit (3pm et)
Fed's Bostic discusses "Disruption & Opportunity: Shaping Policy in a Digital World" w/Q&A @ Andrew Young School of Public Policy @ GA State U (3:30pm et Atlanta GA)
China + Hong Kong Holiday-Ching Ming Festival
Sat.          Apr 06 ECB's Mersch speaks
Sun.          Apr 07 China Mar Fx Reserves
    OVERNIGHT into US Mon a.m. et:
         UK Mar New Car Registrations
         Japan Feb Trade Balance/BoP/Current Account Balance, Mar Eco Wartchers Survey, Bankruptcies, Consumer Confidence
         German Feb Trade Balance (Imports/Exports), Feb Current Account
         Hong Kong March Fx Reserves
         Eurozone Apr Sentix Investor Confidence
         Singaore Mar Fx Reserves
         Canada Mar Housing Starts, Feb Building Permits
Monday,   Apr 08 US Feb Factory Orders
US Feb (F)  Durable Goods Orders/Shipments
World Bank Group Spring Meeting Start
s (D.C. thru 14th)
IMF Spring Meeting Starts (D.C. thru 14th)
US Treasury Auctions $42B 3-, & $36B 6-month Bills
TD Ameritrade IMX (12:30pm et)
    OVERNIGHT into US Tues a.m. et:
         New Zealand Mar REINZ House Sales ANZ Truckometer
         Aussie Feb Home Loans/Owner-Occupied Loan Value, Investment Lending
         UK Mar BRC Like-for-Like Sales
         Swiss Mar Unemployment Rate
         Italian Feb Retail Sales
         ECB Bank Lending Survey
Tuesday,  Apr 09 NFIB Small Business Optimism Index
Brazil Feb Retail Sales
World Bank/IMF Jt Annual Spring Meetings (D.C. thru 14th)
Mexican Mar CPI
Redbook weekly store sales snapshot
US Fed's Feb JOLTS (10am et)
Facebook (FB) & Google Execs (GOOGL) appear US House Judiciary Cmte hearings on spread of white Nationalists propaganda on the web
US Treasury Auctions $38B 3-year Notes (1pm et)
FOMC V. Chair Clarida "Federal Reserve's Review of its Monetary Policy, Strategy, Tools & Communications Practices," @ Fed Reserve Bk of Minneapolis Spring Institute Conference-Fed Listens: Distributional Consequences of the Cycle & Monetary Policy (6:45pm et Event thru 10th, at 3pm et)
    OVERNIGHT into US Wed. a.m. et:
         South Korea Mar Unemployment Rate
         Japan Feb Machine Orders, Mar Bank Lending
         China Mar Money Supply, Aggregate Financing
         RBA (Aussie) Ass't Gov Debelle speaks (Adelaide)
         Japan Mar (P) Machine Tool Orders, PPI
         BoJ Gov Kuroda speaks @ Trust Bank Ass'n Annual Meeting
         Swiss Q1 Real Estate Index of Family Homes
         UK Feb GDP, Trade Balance, Industrial & Manufacturing Production, Construction Output, Index of Services
         Japan Mar Domestic Corporate Goods Price Index
         ECB MPC Announces Interest Rates & QE Decision (April 10th local time)
         OPEC Monthly Report
Wed.        Apri 10 Draghi Post-ECB Press Conference
FOMC Chief Powell
on economy @ House of Representatives Democratic Caucus Retreat sometime between now and when the Retreat ends on 04/12 (Leesburg VA)
John Legend, Chrissy Teigen, Re/code's Kara Swisher, Union Chiefs (from SEIU, AFSME, CWA), Fernando Garcia of Border Network for Human Rights address US House Democratic Caucus Annual Retreat: "100 Days In: Fighting for the People" (Leesburg VA thru 12th)
MBA weekly Mortgage/Refinance Apps
US March CPI (8:30am et)
Atlanta Fed Business Inflation Expectations (10am et)
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et; w/e 04/05)
Fed V.Chair Quarles on "Progress on the transition to risk-free rates," @ Financial Stability Board Roundtable on reforming major interest rate benchmarks (D.C. 11:50am et)
US Treasury Auctions $24B reopened 10-year Notes (1pm et)
FOMC Minutes of March 19--20th Meeting
(2pm et)
US Treasury monthly Budget Statement
    OVERNIGHT into US Thurs a.m. et:
         New Zealand March Food Price Index
         UK RICS March House Price Balance
         China Mar Foreign Direct Investment, CPI, PPI

         Japan Tokyo Avg Office Vacancies
         RBA's Debelle speaks
         Eurozone, French, German Italian Mar CPI & HICP
         South Africa Feb Gold & Mining Production, Manufacturing Production
         Canada Feb New Housing Price Index        
Thursday, Apri 11 US weekly Jobless Claims/Continuing Claims (8:30am et)
March PPI--FD
Mexican Feb Industrial Production NSA
US Chain Store March Sales (9 still report)
Fed V. Chair Clarida on US Eco Outlook & Monetary Policy @ Institute of Int'l Fionance Washington Policy Summit (D.C. 9:30am, et)
NY Fed's Williams
keynotes Ass'n for Neighborhood & Housing Development 2019 Annual Conference w/Q&A (9:35am et  NY)
Fed's Bullard on eco & monetary policy @ Community Development Foundation of Tupelo w/Q&A (9:40am Tupelo MO)
EIA weekly Natural Gas Report (w/e 04/05  10:30am et)
US Treasury Auctions 4-, & 8-week Bills (11:30am et  values not yet known)
US Treasury Auctions $16B reopened 30-year Bonds (1pm et)
Fed Gov Bowman on "Community Banking in the Age of Innovation" @ Fed ReserveBank of San Francisco luncheon (4pm et)
US Fed weekly Balance Sheet & US weekly Money Supply (4:30pm et)
    OVERNIGHT into US Fri a.m. et:
         South Korea Mar Import/Export Price Index
         New Zealand Mar Manufacturing PMI, electronic Card Spending, Feb Net Migration
         Singapore Q1 GDP + Feb Retail Sales
         China March Trade Balance (Exports/Imports)
         RBA Financial Stability Review
         Eurozone Feb Industrial Production
         India Feb Industrial Production/Manufacturing Output, Bank Loan & Deposit Growth, Mar CPI, Fx Reserves
Friday,       Apr 12 US March Import/Export Prices (8:30am et)
Canada Teranet/Nat'l Bank Mar Home Price Index
U.M. (P) April Consumer Sentiment (10am et)
Baker-Hughes weekly US/North American Rig Count (1pm et)
Saturday, Apr 13 German March Wholesale Price Index
      WEEKS AHEAD: 04/17
  Fed's Beige Book
                                      04/24    BoC (Canada) MPC Meets
                                      04/25    BoJ MPC Finishes 2-day Meeting (More QE?)
                                                   Riksbank (Sweden) MPC Meets
                          04/30--05/01   FOMC Meeting
                                      05/01    FOMC Chair Powell Press Conference

*FOMC 2019 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