wall street in advance

May 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:
Sun.          May 05     OVERNIGHT into US Mon. a.m. et:
         China Caixin Apr PMI Services & Composite PMI
         Hong Kong Apr Manufacturing PMI
         India Nikkei Apr Services PMI
         Russia Markit Apr Services PMI
         Markit Eurozone, France, Germany, Italy Apr Services & Composite PMI
         Spain Unemployment Change
         South Africa Standard Bank Apr PMI
        Eurozone Mar Retail Sales & May Sentix Investor Confidence
         Brazil BCB Focus Market Readout, Markit Apr Services & Composite PMI
         ECB's Lautenschlager welcome address @ECB's "An innovative single market for the euro" (Frankfurt 9:30 cet)
Monday,   May 06 Fed's Evans Q&A @Bank of Italy (Rome 6am et??)
Fed's Harker on eco outlook @37th Monetary & Trade Conference@Drexel Univ LeBow College of Business @Uof P (Philadelphia 9:30am et)
ECB's Praet converses with FT (Frankfurt DE 17:00 cet)
BoC (Canada) Gov Poloz speaks @Canadian Credit Union Ass'n/Winnipeg CoC
Fed Reserve Board Workshop on Monetary & Financial History (D.C. thru 8th)
SIFMA Operationgs Conference/Expo (Boca Raton FL thru 9th)
Sohn (Charity) Conference (NY)
US Treasury Auctions $39B 3-, & $36B 6-month Bills (11:30am et $84B this wk, total)
TD Ameritrade IMX (retail investor sentiment  12:30pm et)
Holidays in UK, South Korea, Japan
    OVERNIGHT into US Tues. a.m. et:
         Aussie AiG Apr Performance of Construction,  Mar Trade Balance, Retail Sales
         China Apr Fx Reserves
         Japan Apr Official Reserves
         Japan Nikkei Apr Mnftg, Services & Composite PMI +Apr Vehicle Sales
         BoJ Minutes of MPC Meeting 03/14--15   (05/07 local time)
         German Mar Factory Orders, Markit Apr Construction PMI+Industrial Production
         French Mar Trade Balance
         Swiss UBS Q1 Real Estate Bubble Index + Fx Reserves
         French FinMin Le Maire & IMF Mng Dir Lagarde+Japan FinMin Aso forum on debt (Paris FR 0630 gmt)
         UK Halifax Apr House Price, New Car Registrations
         EU Commission Economic Forecasts
Tuesday,  May 07 Fed's Kaplan Q&A at Tsinghua Univ School of Eco &Mngmnt (Beijing China 7am et)
Canada Ivey Apr PMI
Redbook weekly store sales snapshot (8:55am et)
Russia CPI
Brazil Auto Production & Sales
US JOLTS (10am et)
US Treasury Auctions 4-, & 8-week Bills (11am et values not yet announced)
US Treasury Auctions $38B 3-year Notes (1pm et)
US March Consumer Credit (3pm et)
    OVERNIGHT into US Wed. a.m. et:
         UK BRC Apr Like-for-Like Sales
         China Apr Trade Balance (Imports/Exports)
         RBNZ (New Zealand) MPC Rate Decision +Press Conference (05/08 local time)
         Japan Apr Bankruptcies
         RBA (Aussie) MPC Rate Decision (05/08 local time)
         Swiss Apr Unemployment Rate
         German Mar Industrial Productions
         South Africa Election Day Holiday, Fx Reserves
         Consolidated Financial Statement of the Eurosystem published (15:00 cet)
Wed.        May 08 MBA weekly Mortgage/Refinance Apps
ECB Chief Draghi youth dialogue on occasion of the Generation of Euro Student Awards (ECB Frankfurt 13:30 cet)
Canada Apr Housing Starts
US-China Trade Negotiations resumt with China's V.Premier Liu He in D.C.
EIA weekly Petroleum/Gasoline/Distillates Report  (10:30am et)
US Treasury Auctions $27B 10-year Notes (1pm et)
Brazil MPC Interest Rate Decision
    OVERNIGHT into US Thurs. a.m. et:

         UK RICS Apr House Price Balance
         NZlD (New Zealand) REINZ Apr House Sales
         Spain Mar Industrial Production
         China April PPI & CPI
         Norges Bank (Norway) MPC Rate Decision
(05/09 local time)
         South Africa Mar Gold & Mining Production, Manufacturing Production
         ECB Bank supervisor Hakkarainen panelist on "Risk-basee supervision, pillar 2 and proportionality" at meeting on financial regulation & supervision organized by IMF+ Financial Stability Institute (Basel Suisse)
Thursday, May 09 Brazil Mar Retail Sales
Canada Mar New Housing Price Index, Int'l Merchandise Trade
Fed Chief  Powell (8:30am) opens Fed Reserve Bd Community Development Research Conference "Renewing the Promise of the Middle Class" Fed's Evans speaks (12:30pm et D.C. thru 10th)
US April Chain Store Sales
US March International Trade Deficit (9:30am et)
US weekly Jobless Claims
US April PPI--FD
ECB Public Holiday
Mexico April CPI
SEC Securities Enforcement Forum West (East Palo Alto CA)
US March Wholesale Inventories/Sales (10am et)
EIA weekly Natural Gas Report (10:30am et)
Fed's Bostic on eco outlook & monetar policy at Louisiana Bankers Ass'n 19th Convention/ Expo w/Q&A (New Orleans 10:45am et)
US Tresury Refunding Announcement
US Treasury Auctions $19B 30-year Bonds (1pm et)
Fed's Evans speaks @Fed CD Research Conference (D.C. 1:15pm et)
Fed weekly Balance Sheet (as taper is tapered) and US weekly Money Supply
Russian Holiday Victory Day
     OVERNIGHT into US Fri. a.m. et:
          New Zealand Apr Credit Card Spending/Electronic Card Retail Sales
          Japan Mar Household Spending, Labor Cash Earnings, Overtime Pay
          BoJ Summary of Opinions from April 24--25 MPC Meeting
          China Apr Aggregate Financing, BoP Current Account Balance, Apr New Yuan Loans

          German Mar Trade Balance, Current Account
          UK Mar Trade Balance, Construction, Industrial & Manufacturing Production, Index of Services, Q1 GDP, Private Consumption, Total Business Investment, Gov't Spending, Gross Fixed Capital Formation
          Singapore Mar Retail Sales
          ECB's Villeroy opens, & Lautenschlager panelist @G7 conference on "Cybersecurity: Coordinating efforts to protect the financial sector in the global economy"  ECB's Coeure panelist on "How to strenghten int'l cooperation for cyber security"  (Paris France)
Friday,      May 10 US April CPI (8:30am et)
Fed Gov Brainard  (8:30am), speaks @ Fed's CD Research Conference (D.C.)
Canada Apr Unemployment Rate/Change/Participation/Part-Time/Full-time/Wages
Fed's Bostic (9:05am et) speaks w/Q&A @ East Mississippi Biz Development Corp's Bank President's Roundtable (Meridian MS) 
Mexico Mar Industrial Production
Fed's Williams (10am et) @21st Bronx Bankers Breakfast (Bronx NY)
Baker-Hughes weekly US/North American Rig Count (1pm et)
US Treasury Budget (2pm et)
FTSE Russell Releases Russell (annual) Indexes Rebalance Ranks on Close
Saturday,  May 11 China Apr Foreign Direct Investment
Sunday,    May 12 Mother's Day
S.F. Fed Pres Daly delivers commencement address @Syracuse Univ (Syracuse NY)
    OVERNIGHT into US Mon. a.m. et:
        Aussie Mar Home Loans & Investment Lending
        German Apr Wholesale Price Index
Monday,  May 13 Fed's Rosengren (9:05am) & Fed Gov Clarida (9:10am) address FedListens: "New England Perspectives on Fed Policymaking" Conference Both Close Event later (Boston)
US Treasury Auctions $39B 3-, & $36B  6-month Bills (11:30am et)
Brazil BCB Focus Market Readout
Hong Kong Holiday
    OVERNIGHT into US Tues. a.m. et:
         New Zealand March Net Migration
         Aussie April NAB Business Survey
         Japan Mar Trade Balance, Current Account Balance, Bank Lending,
         Eurozone, French, German, Italian, Spanish Apr WPI, CPI,  & HICP
         Swiss April Producer & Import Prices
         NY Fed's Williams panelist on "Past--Lessons Learned from an Evolving Int'l Monetary System" @SNB-IMF High-Level Conference @"Past, Present & Future of the Int'l Monetary System"Conference (3:15am et  Zurich Suisse)
         UK Apr Jobless Claims/Claimant Count/Change/Earnings/ILO Unemployment Rate
         German May ZEW Survey
         South Africa Q1 Unemployment Rate/Change
         Eurozone March Industrial Production
         BoE Exec Dir Rule keynotes Ass'n for British Insurers; Prudential Regulation Seminar
Tuesday,  May 14 NFIB April Small Business Optimism Index
Canada Teranet/National Bank Apr Home Price Index
US April Import/Export Prices (8:30am et)
Redbook weekly store sales snapshot (8:55am et)
Brazil BCB Copom Meeting Minutes
Fed's George @Economic Club of MN (12:45pm et  Minneapolis MN)
    OVERNIGHT into US Wed. a.m. et:
        Aussie Q1 Wage Price Index/Increase
        China Apr Fixed Asset Investment, Industrial Production, Retail Sales, Property Investment, Surveyed Jobless Rate
        German Q1 GDP
        Japan April Machine Tool Orders, Housing Starts. Mar Construction Orders
        IEA Monthly Report
        Italy Mar Industrial Orders/Sales
        ICM--Int;l Capital Market Ass;n Annual Meeting (thru 17th Sweden)
        Eurozone Q1 GDP, Unemployment Rate/Change
        ECB's Lane
speaks on "The Euro at 20" (Taillinn)
        BoE COO Place speaks at Women of The Square Mile 2019 (London)
Wed.,       May 15 MBA weekly Mortgage/Refinance Applications (7am et--rates have been falling)
Canada April CPI, Existing Home Sales
South Africa Mar Retail Sales
Fed's Barkin discussant at NY Ass'n for Business Economics
US April Adv Retail Sales (8:30am et)
India Trade Balance
NY Fed/Empire State May Manufacturing Survey
US April Industrial Production/Capacity Utilization  (9:15am et)
FINRA Annual Conference (D.C. thru 17th)
Atlanta Fed May Business Inflation Expectations (10am et)
US March Business Inventories (10am et)
NAHB May Housing Market Index
EIA weekly Petroleum/Gasoline/Distillates Report (10:30an et; w/e 05/10)
US March TICS  (4pm et)
    OVERNIGHT into US Thurs. a.m. et:
        Japan April Domestic Corporate Goods Price Index, PPI, Mar Loans & Discounts
        RBNZ (New Zealand) Deadline to Submit Bank Capital Plan, non-Resident Bond Hldgs 
        Aussie May Consumer Inflation Expectation, Apr Unemployment Rate/Change/Parti- cipation/Full/Part-time
        RBA's (Aussie) Bullock speaks in Sydney, Apr RBA Fx Transactions
        China Apr New Home Prices
        Italy March Trade Balance
        Eurozone Mar Trade Balance
        ECB's Coeure speaks @21st Geneva Conference on the World Economy "The Future of Banking" from Int'l Ctr for Monetary & Banking Studies (Geneva)
        EU Commission Conference on the Interntaional Role of the Euro (Brussels)
        EU FinMins meet (Brussels)
        Canada Mar TICS, Manufacturers; Mar Sales, ADP April Payroll Estimates
Thurs.      May 16 US April Housing Starts/Building Permits (8:30am et) + Benchmark Revisions
US weekly Jobless Claims
Philly Fed May Business Outlook Survey
EIA weekly Natural Gas Report (10:30am et)
US Treasury Refunding Announcement (11am et)
US Treasury Auctions 4-, & 8-week Bills (11:30am et; values to be announced 05/15)
BoC (Canada) Publishes Financial System Review +Press Conference w/Poloz + Wilkins
Bk of Mexico MPC Rate Decision
Fed Reserve weekly Balance Sheeet & US Weekly Money Supply (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
         New Zealand Apr Manufacturing PMI, Q1 PPI
         Singapore Apr non-Oil Exports/Trade Balance
         Japan Apr Dept Store Sales, Mar Tertiary Industry Index
         Hong Kong Q1 GDP
         EU 25 New Car Apr Registrations

         Russia Q1 GDP
         Eurozone Mar Construction Output, Apr CPI
Friday,     May 17 US (Q1) Adv Qtrly Services Report   (10am et)
U.M. Prelim May Consumer Sentiment (10am et)
US Q1 E-Commerce Retail Sales
Fed's Williams
speaks @Community League of the Heights (NY 11:15am et)
Baker-Hughes weekly US/North American Rig Count (1pm et)
Fed's Williams speaks @"Equitable Growth Meeting in Chinatown" (NY 2pm et)
Brazil CAGED Net Payroll Jobs
Sat.          May 18 Converstation with Dallas Fed Pres Kaplan on economy & future rates, @SABEW Annual Meeting (11:05 am ct;  Phoenix AZ)
Australian Elections
      WEEKS AHEAD: 0
5/29   BoC (Canada) MPC Meets
                                     06/04    RBA (Aussie) MPC Rate Decision
                                     06/06    ECB MPC Rate Decision
                                     06/13    SNB (Swiss) MPC Decision
                              06/18--19    FOMC meets
                                    06/19     FOMC Statement, Powell Press Conference

                                    06/20     BoE MPC Meets
                                                 BoJ MPC Meets
                                                 Norges Bank (Norway) MPS Rate Decision
                                   06/25     RBNZ (New Zealand) MPC Rate Decision
                                   06/27     Bank of Mexico MPC Rate Decision

*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