wall street in advance

July 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,   June 30    OVERNIGHT into US Mon.. a.m. et:
       China Official Jun Manufacturing,non-Manufacturing, & Composite PMI
       Aussie CBA Jun Mnftg PMI, AiG Performance of Mfg Index, CoreLogic HPI , TD Securities Jun Inflation, Commodity Index, HIA New Home Sales
       Japan Q2 Tankan Manufacturing & Non-Mnftg Index/Outlook, May Loans, Fx Reserves, Nikkei Jun Manufacturing PMI, Jun Vehicle Sales, Consumer Confidence
       So. Korea Jun Trade Balance, Nikkei Mnftg/non-Mnftg PMI
       Singapore URA Qtr Property Index
       China Caixin Jun Manufacturing PMI
       Russia Markit Jun Mnftg PMI
       Swiss May Real Retail Sales, Jun Manufacturing PMI
       Eurozone, French, German, Italian Spanish Jun Manufacturing PMI
       German Jun Unemployment Report
       Italian May Unemployment Report
       BoE May Consumer Credit, Mortgage Approvals, M4 Money Supply
       UK Jun Markit Mnftg PMI
       Eurozone May Unemployment Rate
       So. Africa Jun total Vehicle Sales
       ECB's de Guindos opens 13th ECB Central Banking Seminar "Monetary Policy in the euro area" (8:45 cet Frankfurt DE)
       Nat'l Balance sheet of euro area monetary financial institutions ex-Eurosystem
       Fed V.Chair Clarida (2:15am et) on "Federal Reserve's Review of its Monetary Policy Strategy, Tools, & Communications Practices" & ECB's Lane (12:15cet) also speaks @Bk of Finland Conf on Monetary policy/future of EMU (Helsinki )
      OPEC Meeting (07/01 local time; Vienna Austria)
Monday,  July 01 US June Markit Manufacturing PMI (9:45am et)
US Manufacturing ISM Index/Prices Paid/Employment/Raw Materials Prices (10am et)
Brazil Markit Jun Mnftg PMI , Trade Balance
US May Construction Spending
Mexico Markit Junn Mnftg PMI
US Treasury Auctions $36B 3-, & $36B 6-month Bills (11:30am et)
Canadian Holiday
HK Special Administrative Region Establishment Day Holiday
    OVERNIGHT into US Tues. a.m. et:
        New Zealand NZIER Q2 Biz Confidence, QSBIO Capacity Utilization, May Building Consents
        So. Korea Jun CPI
        RBA (Aussie) MPC Rate Decision + Press Conference (07/02 local time)
        Riksbank (Sweden) MPC Meeting
        RBA Gov Lowe speaks (Darwin)
        UK Markit/CIPS Jun Construction PMI, Nationwide HPI
        French gov't Budget Balance
        Spanish Unemployment Rate
        Swiss SVME Jun PMI
        Hong Kong May Retail Sales
        Wards Jun Total US Vehicle Sales
        Eurozone May PPI
        So. Africa Mnftg PMI
        BoE Gov Carney speaks @Local Government Ass;n Annual Conf. (Bournemouth UK)
        OPEC+ (OPEC & non-OPEC Oil Producers) Meet on Production Quotas
Tuesday, July 02 Fed's Williams panelist  at UBS "Special High Level Event on the Global Economic & Monetary Policy Outlook" (Zurich Switzerland 6:35am et)
Brazil May Industrial Production
US Jun Vehicle Sales (F &  GM, now Qtrly)
Canada RBC Jun Manufacturing PMI
Redbook weekly store sales snapshot (8:55am et)
Fed's Mester speaks on Eco Outlook @Europan Economics & Financial Ctr w/Q&A (11am et London)
    OVERNIGHT into US Wed. a.m. et:
         New Zealand QV Jun House Prices
         Aussie AiG Jun Performance of Services, CBA Ausie Services/Composite PMI
         UK BRC Jun Shop Price Index
         Japan Markit Jun Services & Composite PMI
         Aussie May Building Approvals & Trade Balance
         BoJ's Funo speaks (Hiroshima)
         China Caixan Jun Services & Composite PMI
         India  Nikkei Jun Services PMI , M3
         So. Africa Standard Bank Jun PMI
         Eurozone, France, Germany, Italy, Jun Markit Services & Composite PMI        
         UK Markit/CIPS Jun Services & Composite PMI , Official Reserves
         BoE's Cunliffe speaks @Bk of Portugal conf., on "Financial stability & macropru- dential policy"
         BoE's Broadbent @ Dept for Education & HMT Financial Ed Conference (London)
Wed.       July 03 MBA weekly Mortgage/Refinance Apps (7am et)
Challenger June Job-Cuts (7:30am et)
ADP June Private Sector Employment Report (8:15an  et)
US May Int'l Trade Deficit (8:30am et)
US weekly Jobless Claims
US June Markit Services & Composite PMI (9:45am et)
US May Factory Orders (10am et)
US (Jun F) Durable/Capital Goods Orders/Shipments
Canada May Trade Balance
US ISM June non-Manufacturing Index
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et; w/e 6/28)
EIA weekly Natural Gas Report (11:30am et)
US Refuuding Announcement incl. 30-year Bond
US Treasury Auctions 4-, & 8-week Bills (11:30am et;  values not available at post)
US Equity & Options Markets Close 1pm et
US SIFMA Controlled Markets (Bonds) close 2pm et
    OVERNIGHT into US Thurs. a.m. et:

         Japan June Purchases of Foreign Stocks & Bonds
         Aussie May Job Vacancies & Retail Sales
         Hong Kong Jun Mnftg PMI
         Swiss JunCPI & HCPI
         BoE Qtr Housing Equity Withdrawal
         Germany Market Jun Construction PMI
         UK Jun New Car Registrations
         Eurozone May Retail Sales
         ECB's Lane
addresses ECB Conf on "Challeges in the Digital Age" (Frankfurt 9cet)
         ECB's de Guindos keynotes CIRSF Annual Int'l Conf. "Financial Supervision & Financial Stability/Ten Years After the Crisis: Achievements & Next Steps" (Lisbon Portugal 11:10 cet) ECB Bd member Enria speaks (11:55 cet)
Thurs,     July 04 US Independence Day Holiday--ALL US MARKETS CLOSED
Macy*s (M) Fireworks Display on NY's East River/Brooklyn Bridge
    OVERNIGHT into US Fri. a.m et:
         Aussie AiG Jun Performance of Construction Index, Fx Reserves
         Japan May Household Spending, Leading Index, Fx Reserves
         French May Traded Balance
         Spanish May Industrial Production, Consumer Confidence
         India Bank Loan & Deposit Growth, Fx Reserves
         German May Factory Orders
         ECB's de Guindos panelist on "Spain's Financial Sector's Restructuring: Looking back with persective" @FROB 10th Anniversary Conf. by Spanish Exec Resolution Authority (10 cet, Madrid Spain )
       Recontres Economiques D'Aix-en-Provence "In a World of Turmoil: What is a Nation For?"  (thru 7th, Aix-en-Province FR; w/SocGen, HSBC, Carrefour, Grpe Renault, AXA,  ECB's Coeure, Engie, UBS, Dentons, FT, Les Echos, World Bk, Airbus, Veolia, Nestle, LVMH, BLK, Galeries Lafayette, PwC, Riksbank's Ingves, Solvay, IMF's Lagarde among speakers )
         UK Jun Halifax Jun HPI, Q1 Unit Labor Costs
Friday,    July 05 US June Unemployment Report/Change/Participation/Avg Hrly Wages  (8:30am et)
Canada Jun Unemployment Report/Change/Participation/Full-Part-Time
Canada Ivey Jun PMI
Brazil Auto Production & Sales
Baker-Hughes weekly US/North American Rig Count (1pm et)
Fed weekly Balance Sheet & US weekly Money Supply (4:30pm et)
Saturday,July 06 ECB's Couere speaks @Le Cercle des Econonmists (9:30cet Aix-en-Provence FR)
Sunday,   July 07     OVERNIGHT into US Mon. a.m. et:
         China June Fx Reserves
         Japan May Trade Balance, May Core Machiney Orders, Bank Lending, Bankruptcies, Eco Watchers Survey
         German May Industrial Production, Trade Balance, Current Account
         Eurozone Sentix July Investor Confidence
         Russia CPI
         ECB's Draghi & Coeure @Eurogroup Meeting (Brussels Belgium)
Monday,  July 08 OMFIF St. Louis Fed Modeling the Macroeconomy in Risky Times (St Louis MO)
US Treasury Auctions $36B 3-, & $36B 6-month Bills
TD Ameritrade IMX
(12:30p, et)
US May Consumer Credit (debt, really; 3pm et)
    OVERNIGHT into US Tues. a.m. et:
         New Zealand Jun Heavy Truckometer, REINZ Jun House Sales
         Chinese Jun New Yuan Loans, Aggregate Financing
         UK BRC Jun Like-for-Like Sales
         Japan May Real Labor Cash Earnings, Jun Money Stock
         Aussie NAB Jun Business Conditions/Confidence
         Bk of Korea Financial Stability Board Meeting Minutes
         Swiss Jun Unemployment Rate
         Italian May Retail Sales
         Japan Jun Machine Tool Orders        
         ECB Publishes Conslidated Financial Statement of Eurosystem (15:00 cet)
         ECB Governing Council non-Rate Meeting (Frankfurt DE)
Tuesday, July 09 NFIB Small Business Optimism Index (6am et)
FOMC Chief Powell opens Fed Reserve Bd Conf. Stress Testing: A Discussion & Review streamed (8:45am et Boston Fed)
Redbook weekly store sales snapshot (8:55am et)
Fed's Bullard speaks @OMFIF Foundation Mtg (10am et)
US May JOLTS (10am et)
Mexican Jun CPI
Canada Jun Housing Starts, May Building Permits
US Treasury Auctions $38B 3-year Notes (1pm et)
Fed's Bostic on monetary policy @OMFIF Forum (St Louis MO 1pm cdt)
Fed. V.Chair Quarles speech streamed @Fed Reserve Bd Conf on Stress Testing (2pm et)
St Louis Fed AP Economics Conference (St Louis thru 12th)
    OVERNIGHT into US Wed. a.m. et:
         Japan Jun Domestic Corporate Goods Prices, PPI
         RBNZ (New Zealand Central Bk) Gov Orr on Phase 2 Review
         So. Korea Jun Unemployment Rate
         Swiss Q2 Real Estate Index of Family Homes
         China Jun CPI & PPI
         French & Italian May Industrial Production
         UK May GDP, Industrial + Manufacturing Production, Construction Output, Visible Trade Balance, Index of Services
Wed.,      July 10 MBA Weekly Mortgage/Refinance Apps (7am et)
Atlanta Fed Business Inflation Expectations (10am et)
FOMC Chief Powell Semiannual Testimony @US House FinServices Cmte (10am et; D.C.)
SIFMA Regulation Best Interest Seminar (D.C.)
Brazil Jun CPI
US May Wholesale Trade (Inventories & Sales)
EIA weekly Petroleum/Gasoline/Distillates Report (w/e 07/05  10:30am et)
Bk of Canada Rate Decision, Monetary Policy Report, & Press Conference
US Treasury Auctions $24B reopened 10-year Notes (1pm et)
Fed's Bullard moderated Q&A on Monetary Policy @OMFIF (1:30pm et St Louis MO)
FOMC Minutes of June 18--19 Meeting (2pm et)
    OVERNIGHT into US Thurs. a.m. et:
         New Zealand Jun Card Spending
         Japan Tertiary Industry Activity Index
         UK RICS Jun House Price Balance
         China Jun foreign Direct Investment
         Aussie May Hone Loans, Investment Lending, Jul Inflation Expectations
         Eurozone, French, German,   Italian Jun CPI, HICP
         So. African May Mining & Gold Production, Manufacturing Production
         BoE's Tenreyro delivers the 2019 Ronald Tress Memorial Lecture (London)
         BoE releases Financial Stability Report, Account of Monetary Policy Meeting June 05--06, 2019 (13:30 cet)
         ECB's Coeure lectures @SAFE Policy Center (Frankfurt 12:15 cet)
         OPEC Monthly report
Thurs.     July 11 US June CPI (8:30am et)
US weekly Jobless Claims
Canada May New Housing Price Index
FOMC Chief Powell semiannual testimony @US Senate Banking Cmte (D.C,. 10am et)
EIA weekly Natural Gas Report (10:30am et)
Fed's Williams speaks on regional community revitalization (11:10am et Hudson Valley/Albany NY)
US Refunding Announcement (11am et)
US Treasury Auctions 4-, & 8-week Bills (11:30am et values not announced at post)
Fed's Barkin speaks @11th Rocky Mountain Economic Summit w/Q&A (10:30 mdt Victor ID)
Fed's Bostic on Monetary Policy @Volcker Alliance "Truth & Integrity in State Budgeting- Looming Risks, Durable Solutions  (1pm edt Atlanta GA)
US Treasury Auctions $24B reopened 10-year Notes
Fed's Williams
on regional economy @Univ of Albany-SUNY w/Q&A (1:30pm et)
US Treasury Budget (2pm et)
Fed's Kashkari discusses   housing, business leaders' roundtable, towqn hall on eco & monetary policy w/Q&A, then tours, on 12th AgP Soybean procedssing plant/meets ag leaders (5pm et   Aberdeen DC thru 12th)
    OVERNIGHT into US Fri. a.m. et:
         So. Korea Jun Import/Export Price Indices
         New Zealand Jun Business Manufacturing PMI
         Singapore Q2 GDP
         China Jun Trade Balance, Foreign Direct Investment
         Japan May Industrial Production/Capacity Utilization
         German Jun WPI
         Spanish Jun CPI & HICP
         Eurozone May Industrial Production
         EU Finance Ministers Meet
         BoE's Vlieghe speaks @Thomson Reuters (London)
         BoE releases Q1 Banking Sector Regulatory Capital
         IEA Monthly Report
         India May Industrial Production, Manufacturing Output, CPI, Fx Reserves
Friday,    July 12 US June PPI--Final Demand
Mexican May Industrial Production
Russia May Trade Balance
Baker-Hughes weekly US/North American Rig Count (1pm;  w/e 07/05)
Saturday,July 13 India Trade Balance
German Jun Wholesale Prices
07/25     ECB MPC Meets
                                     07/30     BoJ MPC Meets
                              07/30--31     FOMC 2-day Meeting, followed by 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. San Francisco Fed 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