wall street in advance

June 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 02     OVERNIGHT into US Mon. a.m. et:
         Aussie May AiG Performance of Mnftg, & CBA Mnftg PMI, CoreLogic HPI, May Commodity Index, Q1 Busines Inventories, ANZ Job Ads Corporate Profits
         Japan Q1 Capital Spending, Corporate Profits & Sales, May Official Reserves, Vehicle Sales, Manufacturing PMI  
         So Korea Nikkei May Mnftg PMI
         China Caixin May Mnftg PMI
         India Nikkei Markit May Manufacturing PMI
         Swiss May CPI, May Mnftg PMI
         Eurozone, France, Germany, Italy, Spain Markit Mnftg PMI
         Wards US May Motor Vehicle Sales

         UK Markit May Mnftg PMI, UK   Inflation Report Hearings
Monday, June 03 Canada May RBC Canadian Mnftg PMI
South Africa May Total Vehicle Sales
Brazil BCB Focus Market Readout & May Manufacturing PMI
Fed V.Chair Quarles on "The Next Stage in the LIBOR Transition" (pre-recorded video to Alternative Reference Rates Cmt (ARCC) & NYU Stern School of Biz (9:10am et NY)
US May Manufacturing PMI (9:45am et)
US ISM Manufacturing Index/Orders/Prices Paid/Employment (10am et)
US April Construction Spending
US Treasury Auctions $36B 3-, & $36B 6-month Bills (11:30am et--that's it for week)
Fed's Bullard on the "US Economy & Monetary Policy" @Union League Club of Chicago  (1:25pm et)
Brazil May Trade Balance
New Zealand Holiday--Queen's Birthday
    OVERNIGHT into US Tues. a.m. et:
         Fed's Daly
speaks @Symposium on Asian Banking & finance (Singapore,9:45pm et)
         New Zealand Q1 Terms of Trade Index
         S. Korea Q1 GDP, May CPI
         Aussie Q1 Imports/Exports/Current Account Balance, April Retail Sales Exports
         RBA (Aussie) MPC Rate Decision (06/04 local time)
         RBA Gov Lowe press conference post-RBA Meeting
         Spain Unemployment Report/Change
         Italy April Unemployment Rate/Change
         French April Gov't Budget Balance
         UK Markit/CIPS May Construction PMI, BRC May Retail Sales Monitor
         South Africa Q1 GDP
         Eurozone April Unemployment Rate, May CPI
         Publication of the Consolidated Financial Statement of the Eurosystem (15:00 cet)
         Mexican May CPI
Tuesday, June 04 US May Motor Vehicle Sales (Ford & GM report Qtrly, only)
Brazil April Industrial Productions
Fed's Evans welcome (8:45am), Fed Chief Powell opens (9:55am) Fed Framework for Monetary Policy Conference (Chicago Fed thru 5th)
Fed's Williams opens "Building Cultural Capital in the Financial Services Industry: Emerging Practices, Risks & Opportunities" @NY Fed Bank (8:30am et)
Redboook weekly retail store sales snapshot (8:55am et)
US April Factory Orders/Durable Goods Orders (10am et)
US Treasury Auctions 4-, & 8-week Bills (Values not yet announced)
Fed Gov Brainard panelist @ Fed Monetary Policy Conference   (Chicago after lunch)
Fed's Kaplan welcomes attendees to dinner reception @Fed Monetary Policy Conf.
    OVERNIGHT into US Wed. a.m. et:
         Aussie May AiG Performance of Services Index, CBA Services & Composite PMI
         Japan Nikkei May Services & Composite PMI
         Aussie Q1 GDP, + RBA's Heath speaks (Perth)
         China May Caixin Services & Composite PMI
         So Korea April Current Account
         Hong Kong May Manufacturing PMI
         National Bank of Poland MPC Meeting
         National Bank of Ukraine MPC Meeting
         National Bank of Serbia MPC Meeting & Rate Decision
         Eurozone, France, Germany, Italy May Services & Composite PMI
         UK May New Car Registrations, Markit/CIPS Services & Com;posite PMI, Official Fx Reserves
         Eurozone May PPI, April Retail Sales
Wed.       June 05 MBA weekly Mortgage/Refinance Applications
BoE's Ramsden speaks @BoE "Last orders: Calling time on LIBOR" Event
ADP May Private-Sector Employment Report
Fed Vice Chair Clarida opens Day #2 of Fed Monetary Policy Conference (9:45am et)
Fed's Bostic speaks on affordability w/Q&A @Atlanta Regional Housing Forum (9:45am)
Fed Gov Bowman testifies @Senate Banking Cmte (10am  D.C.)
Brazil Markit May Services & Composite PMI
US May Services PMI
US ISM non-Manufacturing Index (10am et)
Canada Q1 Labor Productivity
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et, w/e 5/30)
Fed releases Beige Book (2pm et)
Holidays in India & Singapore
    OVERNIGHT into US Thurs. a.m. et:
         New Zealand May QV House Prices, ANZ Commodity Price
         Aussie Apr Trade Balance
         Germany Apr Factory Orders, May Construction PMI
         BoE Gov Carney keynotes 2019 Institute of Int'l Finance (IIF) Spring Member Mtg (Tokyo)
         BoJ's Kuroda speaks @IIF Spring Membership Meeting (Tokyo)
         India RBI Interest Rate Decision, Reverse REPO rate. Cash Reserve Ratio
         Eurozone Q1 Unemployment, GDP, Gov't Spending, Household Consumption
         ECB MPC Rate/QE Decision (06/06 local time, 13:45cet, @Lietuvos bankas)
Thurs,      June 06 Challenger May US Job Cuts (7:30am et)
ECB post-Meeting Draghi + Coeure Press Conference
US April Int'l Trade Deficit (8:30am et)
Canada Apr Int'l Merchandise Trade, May Ivey PMI
Brazil May Auto Sales/Production
US weekly Jobless Claims
US Q1 Productivity & Costs
Fed's Kaplan
panelist @Boston College 4th Annual Carroll School of Management Finance Conference (8:40am et)
US Q2 Services Survey (10am et)
EIA Natural Gas Report
US Treasury Refunding Announcement (11am et)
Fed's Williams keynotes Peter McColough Series on Int'l Economics @Council on Foreign Relations on US Economy, Monetary Policy, Role of  NY Fed Bank (NY 1pm edt)
US Q1 Changes in Household Wealth (3pm et)
Fed's weekly Balance Sheet & US weekly Money Supply (4:30pm et)
South Korea Holiday
    OVERNIGHT into US Fri. a.m. et
        Fed's Daly
speaks/interacts w/students & faculty @Singapore Mngmnt  Univ  (12:20am et)
       Aussie AiG May Performance of Construction Index
       New Zealand Q1 Volume of All buildings SA
       Japan Apr Overall Household Spending, Labor Cash Earnings, May Bankruptcies
       China May Fx Reserves
       Aussie April Home Loans, Investment Lending, Owner-Occupied Loan Values, Fx
       Swiss May Unemployment Rate
       German April Industrial Production, Trade Balance, Current Account
       French April Current Account, Trade Balance, Industrial Production
       Eurozone Q1 Labor Costs
       UK Halifax May House Price Index (HPI)
       India Bank Loan & Deposit Growth, Fx Reserves
       Brazil May CPI, IGP-D1 Inflation Index
       UK P..M. May steps down from leadership of her party
       G7 Finance Ministers & Central Bank Governors Meeting
(Fukuoka Japan)
Friday,    June 07 US May Unemployment Report/Change/Participation/Avg Hrly Earnings  (8:30am et)
Canada May Unemployment Report/Change/Participation/Wages/Full/Part-time, Q1 Capacity Utilization
Mexico May CPI
US April Wholesale Trade--Inventories/Sales
Central Bank of Chile MPC Meeting
Baker-Hughes US/North American Rig Count (1pm et)
US April Consumer Credit (3pm et)
Holidays in China & Hong Kong (Tuen Ng Day)
Saturday,June 08 G20 Finance Ministers & Central Bank Governors Meeting, Symposiums on Int'l Taxation, Financial Innovation, Corporate Governance BoJ Kuroda speaks (Fukuoka Japan thru 9th)
Dem 2020 Hopefuls descend on Iowa for party activities
Sunday,  June 09 ECB's Draghi & Coeure + BoE's Carney attend G20 Finance Ministers & Central Bankers' Meeting (Fukuoka Japan)
19 2020 Deomcratic Hopefuls attend Hall of Fame Dinner (Cedar Rapids IA)
    OVERNIGHT into US Mon. a.m. et:
         New Zealand May REINZ House Sales
         China Money Supply, New Yuan Loans, Aggregate Financing
         Japan Q1 GDP, April Current Account Balance, Business Spending, Private Consumption, Bank Lending, Eco Watcher's Survey 
         New Zealand Q3 Manpower Survey Outlook
         China May Trade Balance
         Australia Q3 Manpower Survey
         Italian April Industrial Production
         ECB's de Guindos speaks @IE Business Leadership Forum (Madrid Spain)
         UK Apr NIESR GDP, Industrial/Manufacturing Production, Construction Output, Trade Balance, Index of Services
Monday, June 10 Canada Apr Building Permits, May Housing Starts
US April JOLTS (Job Openings/Quits;  10am et)
Conference Board's May Employment Trends
US Treasury Auctions $36B 3-, & $36B 6-month Bills (11am et)
BoE's Saunders speaks
TD Ameritrade May IMX (retail trader sentiment;  12:30pm et)
Holidays in Australia, Switzerland & Germany
    OVERNIGHT into US Tues. a.m. et:
         New Zealand Q1 Manufacturing Activity/Volume, May Heavy Truckometer
         China Q3 Manpower Survey Outlook, May Foreign Direct Investment, Vehicle Sales
         Aussie May NAB Business Conditions/Outlook Survey
         UK Apr ILO Unemployment Rate, May Jobless Claims/Claimant Count, Apr Avg Earnings
         Eurozone June Sentix Investor Confidence
         South Africa April Manufacturing Prudction
         Publication of the Consolidated Financial Statement of the Eurosystem
         ECB's Broadbent & Saunders hearings on reappontments @Treasury Seclect Cmte
Tuesday, June 11 NFIB June Small Business Optimism Index (6am et)
US May PPI--FD, Raw Materials & Finished Goods Prices   (8:30am et)
Redbook weekly store sales snapshot (8:55am et)
US Treasury Auctions $38B 3-year Notes (1pm et)
    OVERNIGHT into US Wed. a.m. et:
         New Zealand May Card/Electronic Card Spending, April Net Migration
         South Korea May Unemployment Rate
         RBA's Kent & Ellis speak (Melbourne)
         Japan May Domestic Corporate Goods Price Index, PPI, Apr Machine Orders
         China May CPI + PPI

         Singapore April Retail Sales
         French Q1 Non-Farm Payrolls
         Eurozone, Germany, Italy, Spain May CPI & HICP
         ECB's Draghi on "Resilience to global headwinds? CESEE responses to a changing trade & financial landscape," @8th Conference on CESEE Countries (Frankfurt)
         ECB's de Guindos on "Responses to trade shocks," @ECB CESEE Conf  (11am cet)
         South Africa April Retail Sales
         ECB's Coeure chairs "Responses to monetary & financial shocks" @ECB Conf (14:15 cet, then closes conference @17:00 cet Frankfurt, Jun 12 local time)
         India May CPI, April Industrial Production/Manufaturing Output, Motorbike Sales
Wed.,      June 12 MBA weekly Mortgage/Refinance Apps   (7am et)
US May CPI  (8am et)
Canada Teranet/National Bank May HPI
Brazil April Retail Sales
Atlanta Fed Business Inflation Expectations (10am et)
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et; w/e 06/07)
US Treasury Auctions $24B reopened 10-year Notes (1pm et)
US Treasury Budget (2pm et)
    OVERNIGHT into US Thurs. a.m. et:
        UK RICS May House Price Balance

        Japan Q2 Large Manufacturing & All Large Industry BSI, Apr Tertiary Industry Index
        German May Wholesale Price Index
        Aussie May Unemployement Rate/Change/Full/Part-time/Participation
        Singapore Q1 Unemployment Rate
        Swiss SECO June Economic Forecasts, PPI & IPPI, KOF Institute Eco Forecast
        ECB's Draghi & Coeure
participate in Eurogroup Mtg (Luxembrourg)
        SNB (Swiss) MPC Decision, Deposit & Interbank Interest Rate (Jun 13 local time)
        SNB post-Meeting Press Conference
        Italy Qtrly Unemployment Rate
        Eurozone April Industrial Production
        South Africa April Mining & Gold Production
        India Current Account Balance, Fx Reserves
Thurs.     June 13 US weekly Jobless Claims
Canada April New Housing Price Index
US May Im;port/Export Prices
Russia Central Bank Reserves
EIA weekly Natural Gas Report (w/e 06/07;  10:30am et)
US Treasury Refunding Announcement (11am et)
US Treasury Auctions 4-, & 8-week Bills (11:30am et;  values not available at post)
US Treasury Auctions $16B reopened 30-year Bonds (1pm et)
Fed weekly Balance Sheet & US weekly Money Supply (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
        South Korea May Import & Export Price Index
        New Zealand May Business Manufacturing PMI, Food Prices
        China May Retail Sales, Industrial Production, Fixed Asset Investment, Property Investment, Surveyed Jobless (Unemployment) Rate
         Japan April Industrial Production/Capacity Utilization
         German May WPI
         India May Manufacturing Inflation, WPI Food/Fuel
         France May CPI, HICP
         IEA Monthly Report
         Italian April Indsutrial Orders/Sales, May CPI & HICP
         China Outstanding Loan Growth
         Russia June MPC Interest Rate Decision
         India April Trade Balance, Fx Reserves
         ECB's Supervisory Chief Enria & Bk of Italy Dpty Gov Panetta speak @ILF Conference "EDIS, NPLs, Sovereign Debt & Safe Assets" Inst. Law/Finance (Goethe Univ. Frankfurt)
         ECB's de Guuindos particpates @ECOFIN Mtg (Luxembourg)
         ECB's Lautenschlager speaks @Exec Cmte Mtg of European Ass'n of Co-operative Banks aka  EACB (Berlin DE noon cet)
Friday,   June 14 US May Retail Sales (8:30am et)
US May Industrial Production/Capacity Utilization (9:15am et)
US April Business Inventories (10am et)
U.M. June Preliminary Consumer Sentiment/Expectations (10am et)
BoE Gov Carney speaks @Women in Banking & Finance 22nd Anniversary Awards for Achievement (Luncheon, London)
Baker-Hughes weekly US/North America Rig Count (1pm et)
Saturday, June15 ECB's Hakkarainen speaks @Dubrovnik Economic Conf  from Central Bk of Croatia
06/18    FOMC 2-day Meeting Starts
                                    06/19     FOMC Statement, Powell Press Conference, Updated member Forecasts

                                    06/20     BoE MPC 2-day Meeting Ends
                                                  BoJ MPC Meets
                                                  Norges Bank (Norway) MPS Rate Decision
                                                  BoE's Carney & UK FinMin Hammond Mansion House Speeches @Lord Mayor of London's dinner
                                   06/21       MEGA Bank Stress Tests Results Released
                                   06/24      BoJ Releases Minutes of MPC 04/24--25 Mtg
                                   06/26      RBNZ (New Zealand) MPC Rate Decision
                                   06/27      MEGA Bank CCAR Results Released
                                                  Bank of Mexico MPC Rate Decision
                                                  Bk of Jamaica MPC Rate Decision
                                                  BoJ Summary of Opinions from Members' 06/19--20 MPC Mtg
                                   06/28       FTSE Russell Reconstitutes the Russell Indices on close
                            06/28--29      G20 Leaders' Summit (Trump meets w/Xi Jinping?) Mnuchin also attends

*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