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,   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)
Fed Gov Brainard on Perspectives on the Economy from Scranton @Community Bankers Roundtable (Scranton PA)
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
Sunday,   July 14     OVERNIGHT into US Mon. a.m. et:
        New Zealand June Performance of Services Index, May Net Migration
        UK Rightmove July House Prices
        China Jun New Home Prices, Fixed Assets, Industrial Production, Retail Sales, Jobless Rate, Q2 & YTD GDP, Jun Property Investment
        India Trade Balance, Jun WPI Food, Fuel, & Manufacturing Inflation
        Swiss Jun Producer & Import Price indices
Monday,  July 15 Empire State NY Fed Manufacturing Survey (8:30am et)
NY Fed's Williams keynotes SIFMA's "LIBOR Transition Breifing: The Transition to Alternative Reference Rates" w/Q&A; also speaking: CEO Andrew Bailey of Financial Conduct Authority (UK), Chair of Alt. Reference Rates Cmte Thomas Wipf (also of MS) and the V.P's of Fannie Mae & Freddie Mac  (8:50--11am et NY)
Fed Reserve Bk of Chicago Business Smart Week--Chicago (Chicago Fed thru 17th)
Canada Jun Existing Home Sales
US Treasury Auctions $36B 3-, & $36B 6-month Bills (11:30am et)
    OVERNIGHT into US Tues. a.m. et:
        New Zealand Q2 CPI
        RBA (Aussie) Minutes of July MPC Meeting
        UK Jun Jobless Claims/Change, May Avg Wkly Earnings, ILO Unemployment Rate
        Eurozone May Trade Balance, ZEW Economic Sentiment
        Italian May Trade Balance
        German Jul ZEW Survey of Current/Expected Conditions & Sentiment
        Banque de France & ECB's de Galhau welcome to "Bretton Woods: 75 Years Later: Thinking About the Next 75" (Paris FR)
        World Bank Pres. Malpass & other speakers from BIS, Harvard, Columbia, John Hopkins, WTO, World Bk, FT, London School of Economics @'Bretton Woods 75'
         BoE Gov Carney speaks @Bretton Woods...75 Years Later (Paris FR)
Tuesday, July 16 Fed's Bostic @Fed Listens Event (Augusta GA  8:15am et)
US June Retail Sales (8:30am et)
US Jun Import & Export Prices
Canada May TICS
Redbook weekly Store Sales Snapshot (8:55am)
Russia PPI
IMF Acting Mng Dir Lipton, Carmen Reinhart, J-C Trichet, & French Minister for Economy & Finance speak @Bretton Woods--75 Years Later
US June Industrial Production/Capacity Utilization (9:15am et)
US June Business Inventories (manufacturers, retailers, wholesalers--10am et)
NAHB July Housing Market Index
US Treasury Auctions $26B 52-week Bills (11:30am et)
FOMC Chief Powell speech "Aspects of Monetary Policy in the Post-Crisis Era"@Bretton Woods:75 Years Later: Thinking About the Next 75 (Paris)
Fed's Evans speaks w/Q&A at CNBC @Work Series (3:30pm et   Chicago)
US May TICS (4pm et)
    OVERNIGHT into US Wed. a.m. et:
        Singapore Jun Trade Balance
        Italian May Industrial Orders/Sales
        EU 25 Jun New Car Registrations
        UK Jun CPI, Retail & Raw Materials Price Indices, PPI, House Price Index

        Eurozone May Construction Output, Jun CPI
        BoE's Hauser speaks at AFME (Ass'n for Financial Markets Europe), ISDA (Swaps & Derivatives), ICMA-Int'l Capital Markets Ass'n Jt Meeting(London  9:30cet)
        ECB's Draghi & Coeure participate @G7 Finance Ministers & Central Bank Governors Meeting (Chantilly FR thru 18th)
Wed.       July 17 MBA weekly Mortgage/Refinance Apps (7am et)
Canada May Manufacturing Sales &  CPI
South Africa May Retail Sales
US June Housing Starts/Building Permits
Former Special Counsel Robert Meuller III testifies @Congress
EIA weekly Petroleum/Gasoline/Distillates Stats
(10:30am et;  w/e 07/12-Barry impact?)
Russia Jun Unemploymment Rate, GDP, Retail Sales
Fed's Beige Book (2pm et; discussion of Qtr point vs Half point, rather than none, at all)
    OVERNIGHT into US Thurs. a.m. et:
        China Jun Fx Settlement
        Aussie Jun Unemployment Rate/Change/Full/Part-time/Participation, NAB Qtr Business Confidence, RBA June Fx Transactions
        Japan Reuters July Tankan Index, Jun Tokyo Condo Sales, Trade Balance
        South Korea July Interest Rate Decision
        Swiss Jun Trade Balance (Imports/Exports & Watch Exports)
        BoE publishes Bank Liabilities/Credit Conditions Survey, Jun Retail Sales
        Hong Kong Jun Unemployment Rate
Thurs,     July 18 US weekly Jobless Claims
Canada ADP June Payrolls Estimate, Teranet/Nat'l Bank Jun Home Price Index
Philly Fed Jul Business Outlook Survey
South Africa Jul Interest Rate/Prime Rate Decision
EIA weekly Natural Gas Report (10:30am et; w/e 07/12--Barry impact?)
US Treasury Refunding Announcement  (11am)
US Treasury Auctions 4-, & 8-week Bills (11:30am et; values not yet announced)
US Treasury Auctions $14B 10-year TIPS (1pm et)
Fed's Williams keynote on Monetary Policy @2019 CEBRA Meeting (2:15pm NY)
Fed Reserve weekly Balance Sheet & US Money Supply (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
        South Korea Jun PPI
        Japan Jun CPI, Supermarket Sales, May All Industry Activity
        New Zealand Credit Card Spending
        German Jun PPI & WPI
        Eurozone May Current Account
        UK Jun Public Sector Net Borrwing, Central Gov't NCR
        India Bank Loan & Deposit Growth, Fx Reserves
Friday,    July 19 Canada May Retail Sales (8:30am et)
U.M. (P) July Consumer Sentiment (10am et)
Fed's Bullard & (former CFTC Commish) Gary Gensler participate in High-Level Panel on Technology & the Future of  the Monetary & Financial Systems @CEBRA (11:05am et)
Brazil Federal Tax Revenue, CAGED Net Payroll Jobs
Baker-Hughes weekly US/North American Rig Count (1pm et)
Fed's Rosengren & BoJ's Kuroda panel on Central Bank Independence @CEBRA (4:30pm et)
Saturday,July 20 BIS panel on Exchange Rates & Monetary Policy Framewoks @CEBRA
07/25     ECB MPC Meeting & Press Conference (Frankfurt)
                                     07/30     BoJ MPC 2-day Meeting Ends
                              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