wall street in advance

August 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,    Aug 11 Singapore Holiday
    OVERNIGHT into US Mon. a.m. et:
        China July Foreign Direct Investment
        New Zealand July Card Spending
        India Jul CPI, Jun Industrial & Manufacturing Production
        Russia Q2 GDP
Monday,   Aug 12 US Treasury Auctions $42B 3-, & $42B 6-month Bills (11:30am et)
US Treasury Budget (2pm et)
Singapore, Japan & India separate Holidays
      OVERNIGHT into US Tues. a.m. et:
          RBA (Aussie) Ass't Gov Kent speaks (Sydney)
          Aussie NAB Jul Business Survey, PPI, FPI
          Singapore Q2 GDP
          Japan Jul Domestic Corporate Price Index, Jun Tertiary Index, Machine Tool Orders
          German Jul Wholesale Price Index
          Eurozone, Germany, Spain, Italy Jul WPI, CPI & HICP
          Aussie NAB Jul Business Conditions /Confidence
          UK Jun ILO Unemployment Rate/Change, Avg Earnings, Jul Jobless Claims/Change
          German Aug ZEW Survey of Current Situation/Expectations
          Eurozone Aug. ZEW Economic Survey

Tuesday,  Aug 13 NFIB Aug Small Business Optimism Index (6am et)
OPEC Monthly Oil Report
US July CPI/Core CPI (8:30am et)
Redbook weekly store sales snapshot (8:55am et)
US Auctions $28B 52-week Bills (11:30am et)
    OVERNIGHT into US Wed. a.m. et:
        Aussie Q2 Wage Price Index, Aug Consumer Confidence
        China Jul Industrial Production, Retail Sales, Surveyed Jobless Claims, Unemployment Rate, Property Investment
        South Korea Jul Unemployment Rate, Import/Ex;port Prices
        Japan Jun Machine Order, Jul Payroll Estimates
        Germany Q2 GDP
        French Q2 Unemployment Rate, Jul CPI, HICP
        UK Jul CPI, CPIH, Retail Price Index, FPI,  PPI, Jun House Price Index
        China New Loan Growth, Social Financing
        Eurozone Q2 Unemployment, GDP, Jun Industrial Production
        India Trade Balance
Wed.        Aug 14 MBA weekly Mortgage/Refinance Apps (7am et)
South Africa Jun Retail Sales
US July Import/Export Prices/Price Index  (8:30am et)
Atlanta Fed Business Inflation Expectations
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et; w/e  08/09)
    OVERNIGHT into US Thurs. a.m. et:
         China Jul New Home Prices

         RBA (Aussie) Ass't Gov Debelle speaks (Sydney), Jul Unemployment Rate/Change/ Participation, Fx Transactions
         Japan Jul Industrial Production/Capacity Utilization
         Swiss Jul Import/Export Prices, PPI
         Norges Bank (Norway) MPC Rate Decision
         UK Jul Retail Sales/Core Retail Sales
         Eurozone Jul Total Reserve Assets

Thurs,     Aug 15 Canada ADP July Payroll Estimates
US weekly Jobless Claims/Continuing Claims (8:30am et)
Philly Fed Aug. Business Outlook Survey
US July Retail Sales
NY Fed/Empire State Aug Manufacturing Survey
Russia Industrial Production
US Q2  Productivity & Costs
US July Industrial Production/Capacity Utilization
(9:15am et)
US June Business Inventories at Mnftg, Retailers, Wholesalers  (10am et)
NAHB Aug Housing Market Index
EIA weekly Natural Gas Report (10:30am et  w/e 08/09)
US Treasury Refunding Announcement (11am et)
Separate Holidays in South Korea, Italy & India
Bank of Mexico MPC Interest Rate Decision
US June TICS (4pm et)
US Fed Balance Sheet + US weekly Money Supply (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
        New Zealand Jul Manufacturing PMI, Non-Resident Bond/Offshore Hldgs
        Singa;pore Jul Non-Oil Exports/Trade Balance
        Hong Kong Q2 GDP
        India Bank Loan & Deposite Growth, Fx Reserves
        Eurozone Jun Trade Balance
Friday,    Aug 16 US July Housing Starts/Building Permits (8:30am et)
Canada Jun TICS
US Adv. Quarterly Services Report (10am et)
U.M. Prelim Aug. Consumer Sentiment
Baker-Hughes weekly US/North American Rig Count (1pm et)
FRB releases Assets & Liabilities of Commercial Banks in the US (4:15pm et)
Separate Holidays in Singapore & South Africa
Saturday, Aug 17
Sunday,    Aug 18     OVERNIGHT into US Mon. a.m. et:
        New Zealand Q2 PPI + PPI Output, & July Performance of Services Index
        Japan Aug Tankan Index, Jul Trade Balance, Dept Store Sales, Tokyo Condo Sales
        China July Fx Net Settlement
        Germany's Merkel meets with Iceland's P.M. & Nordic PM's Reykjavik
        UK Aug. Rightmove House Prices, CBI Selling & Order Trends/Prices
        Eurozone Jun Current Account, July CPI/HICP
        Brazil BCB Focus Market Readout, Federal Tax Revenue
        Russia Jul Unemployment Rate, Retail Sales, Monthly GDP
        French Pres. Macron meets with Russia's Pres. Putin
Monday,   Aug 19 Deadline to end Transactions with Huawei EXTENDED 90 Days
Q2 US eCommerce Retail Sales
  (10am et)
US Treasury Auctions $45B 3-, & $42B 6-month Bills (11:30am et)
Facebook, Amazon, Alphabet's Google, testify @US Congress on French 3% Digital Service Tax (tax commences 10/01/19)
    OVERNIGHT into US Tues. a.m. et:
        China sets NEW Monthly Lending Rate (this is the first, ever, 8/20 local time)
        Hong Kong CPI
        RBA (Aussie) Minutes of Aug MPC Meeting
        German Jul PPI
        Swiss July Trade Balance includes Watch Exports
        Japan Jul Convenience Store Sales
        Eurozone Jun Construction Output
Tuesday,  Aug 20 Canada Jun Manufacturing Sales, Jul Teranet/National Bank HPI
Redbook weekly store sales snapshot (8:55am et)
Brazil CAGED Net Payroll Jobs
Trump welcomes Romanian Pres Iohannis to the White House (D.C.)
Fed V. Chairman Quarles on Community Development @Celebration for Utah Ctr for Neighborhood Stabiliation 10th Anniversary (Salt Lake City UT 6pm et)
    OVERNIGHT iinto US Wed. a.m. et:
        South Korea Jul PPI
        New Zealand Jul Credit Card Spending
        Spanish Trade Balance
        South Africa Jul CPI
        UK Jul Public Finances, Public Sector Net Borrowing, Central Gov't NCR
Wed.,        Aug 21 MBA weekly Mortgage/Refinance Apps (7am et)
Canada Jul CPI
US July Existing Home Sales (10am et)
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et)
Canadian P.M. Trudaeu Foreign Affairs Speech (Paris France)
FOMC Minutes of July 30--31 Meeting (2pm et--1st Rate Cut in decade/2 Dissenters)
    OVERNIGHT into US Thurs. a.m. et:
        Aussie CBA Aug Manfuacturing PMI
        Japan Nikkei Aug (P) Manufacturing PMI, Jun All Industry Activity Index, Jul Machine Tool Orders
        BoJ Holdings of Japanese Gov't Bonds
        Swiss Q2 Industrial & Construction Output
        Eurozone, France, Germany, Italy Markit Aug Mnftg, Services+Composite PMI
        ECB Publishes Account of July 24--25 MPC Meeting

Thurs.      Aug 22 Canada Jun Wholesale Trade (Orders/Sales)
US weekly Jobless Claims (8:30am et)
Markit Flash Mnftg, Services + Composite PMI (8:45am et)
EIA weekly Natural Gas Report (10:30am et)
K.C. Fed Manufacturing Index (11am et)
US Treasury Refunding Announcement
US Treasury Auctions 4-wk & 8-wk Bills (11:30am et Values not available at post)
K.C. Fed 43rd Jackson Hole Economic Symposium "Challenges for Monetary Policy" '19 theme (
Jackson Hole WY thru 24th; Agenda will be released AFTER it opens)
ECB's Couere, Lane & Lautenschlager panelists @K.C. Fed Jackson Hole Symposium
US Treasury Auctions $7B reopened 30-year TIPS (1pm et)
US weekly Fed Balance Sheet & weekly Money Supply (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
         Japan Jul CPI

         Singapore Q2 GDP & Jul CPI
         UK Aug CBI Reported Sales/Total Distributed Reported Sales
Friday,     Aug 23 Mexico Jun Economic Activity IGAE
Canada Jun Retail Sales
US July New Home Sales (10am et)
FOMC Chief Powell speaks @ K.C. Fed Symposium (10am et Jackson Hole WY)
BoE Gov. Mark Carney Jackson Hole Luncheon speaker (3pm et)
Baker-Hughes weekly US/North American Rig Count (1pm et)
Japan P.M. Abe and others assemble in France for Group of 7 Industrialized Nations Mtg
Saturday, Aug 24 German Jul Import Price Index
Group of 7 (G7) 43rd Summit includes Pres. Trump, Italian P.M. Conte, Germany's Merkel, France's Macron (host), Japan's Abe, UK's Johnson, Canada's Trudeau-Theme Inequality    (Biarritz France to 26th)
RBA (Aussie) Gov Lowe speaks @Jackson Hole Symposium (12:25pm et)
K.C. Fed Jackson Hole Symposium Wraps with dinner (Jackson Hole WY)
      WEEKS AHEAD:  09/
03  RBA (Aussie MPC Meets
                                      09/04  Fed's Evans opens "Forging a New Path for North American Trade: The Auto Sector" @FRB Chicago's Detroit branch (3:15pm edt thru 5th)
                                                 Bk of Canada MPC Meets
                                      09/12  ECB MPC Meets
                               09/17--18  FOMC Meets, Member Forecasts Updated, Powell Presser
                                      09/19  BoE MPC Meets
                                                 SNB MPC Meets
                                                 BoJ MPC Meets
                                                 Norges Bk (Norway) MPC Meets
                                    09/24    RBNZ (New Zealand) MPC Meets
                                    09/28    Bk of Mexico MPC MEets

*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