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 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
Sunday,   June 16 Father's Day
    OVERNIGHT into US Mon. a.m. et:
       Japan May Dept Store & Condo Sales
       Singapore May Exports
       UK Rightmove Jun House Pricess
       Eurozone Q1 Labor Costs
       ECB Chief Draghi opens ECB Forum on Central Banking--20 years of European Economic & Monetary Union w/Olivier Blanchard, ECB VP de Guindos, Praet, Bk of Ireland's Lane, BoE's Carney, Janet Yellen, Larry Summers, & Draghi 3x more speakers (Sintra Portugal thru 19th)
       UK Inflation Report Hearings
Monday, June 17 Empire State Jun Manufacturing Survey (8:30am et)
NAHB June Housing Market Index
Canada Apr TICS & May Existing Home Sales
AILA Immigration Law Pre-Conference to Annual (Orlando FL thru 18th)
US Treasury Auctions $36B 3-. & $36B 6-month Bills (11:30am et)
US April TICS 
       OVERNIGHT into US Tues. a.m. et:
       RBA's Kearns speaks
(Canberra), Q1 HPI, RBA Minutes of Jun MPC Meeting
       Singaore Trade Balance
       German May PPI
       China May New Home Prices
       Japan Reuters Jun Tankan Index
       EU 25 May New Car Registrations, CPI, Apr Trade Balance
       German Jun ZEW Economic Sentiment/Expectations
       Eurozone Jun ZEW Economic Sentiment/Expectations Survey

Tuesday, June 18 FOMC 2-day Meeting Starts
Canada April Manufacturers Sales
Virginia Votes in Legislative Primaries for ALL 140 Seats in State Legislature
US May Housing Starts/Building Permits
(8:30am et)
Redbook weekly Store Sales Snapshot
Russia Q1 GDP, Industrial Production, PPI,
API (weekly) Producer Stocks of Petroleum, Gasoline, Distillates
US Treasury Auctions $26B 52-week Bills (11:30am et)
    OVERNIGHT into US Wed. a.m. et:
        New Zealand Q1 BoP Current Account, GDP Ratio
        Japan May Trade Balance, BoJ's Eto speaks (Tokyo)
        Italian April Trade Balance
        South Africa May CPI
        Eurozone Apr Current Account, Construction Output
        UK CBI Jun Orders/Selling Trends, May CPIH, CPI, RPPI, PPI, Apr HPI
        Hong Kong May Unemployment Rate
        ECB's Lautenschlager & Draghi wrap ECB Forum on Central Banking (Sintra)
Wed.       June 19 MBA weekly Mortgage/Refinance Applications (7am et)
Canada May CPI, Teranet/Nat'l Bank HPI
SNB (Swiss) Quarterly Bulletin 
AILA Immigration Law Annual (Orlando thru 20th)
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et; w/e 6/14)
FOMC post-Meeting Statement (2pm et)
FOMC Member SEP (Eco Forecasts) Updated (2pm et)
FOMC Chief  Powell Press Conference (2:30pm et)
EU-UK Brexit talks began 2 years ago today--so much for that!
Brazil Interet Rate Decision (current 6.5%)
    OVERNIGHT into US Thurs. a.m. et:
         South Korea May PPI, BOK Financial Stability Report
         New Zealand Q1 GDP
         China May Fx Net Settlement
         RBA Bulletin, RBA Gov Lowe reviews Bulletin, May Fx Transactions,
         Japan Apr All Industry Activity Index, May Machine Tool Orders
         BoJ post-Meeting Statement & Kuroda Press Conference (06/20 local time)
         Norges (Norway) Bank MPC Rate Decision (06/20 local time)
         Swiss May Trade Balance (incl. Watch Exports)
         ECB Publishes Economic Bulletin
         UK May Retail Sales
         BoE 2-day MPC post-Meeting Statement/Rate/QE Targets, Minutes

         BoE Chief Carney Press Conference (06/20 local time)
Thurs,     June 20 US weekly Jobless Claims/Continuing Claims (8:30am et)
Philly Fed Business Outloook Survey
US Current Account
Canada Apr Manufacturing Sales
EIA weekly Natural Gas Report  (10:30am et)
Russia Fx Reserves, May Unemployment Rate, Retail Sales, Monthly GDP
US Treasury Refunding Announcement (11am et)
US Treasury Auctions 4-, & 8-week Bills (11:30am et;  values not available at post)
Fed Gov Brainard & Fed Pres Mester speak @Cleveland Fed Policy Summit: Connecting People & Places to Opportunities (noon--1:30pm; Cleveland Fed Reserve)
Brazil CAGED Net Payroll Jobs
BoE's Carney & FinMin Hammond Mansion House Speeches @Lord Mayor of London dinner (UK local time)
US Treasury Auctions $15B reopened 5-year TIPS (1pm et)
US Fed Reserve Bank weekly Balance Sheet & US weekly Money Supply (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
        Aussie Manufacturing & Services PMI
        Japan May CPI, Nikkei Jun Manufacturing PMI
        Eurozone, France, Germany, Italy, Jun Markit Manufacturing/Services+  Composite PMI

        UK May Central Gov't, Public Sector Borrowing
        Hong Kong May CPI
        India Bank Loan & Deposit Growth, Fx Reserves
        Bundesbank/ECB's Weidmann & Boston Fed's Rosegren lead off Bundesbank's 5th Annual Macroprudential Conference, using Japan as case study (Eltville am Rhein DE thru 22nd) 
Friday,    June 21 Markit Flash (Jun) US Manufacturing, Services, Composite PMI
Canada Apr Retail Sales
US May Existing Home Sales (10am et)
Fed Gov Brainard & Fed Pres Mester speak @Cleveland Fed Policy Summit: Connecting People & Places to Opportunities (noon--1:30pm)
Baker-Hughes weekly US/North America Rig Count (1pm et)
Quadruple Witch Options/Futures Expiration
Fed Reserve's Assets & Liabilities of Commercial Banks in the US (4:15pm et)
FTSE Russell Final Updated Adds/Deletes for Rebalanced Russell Indices (4:15pm et)
Fed Resrve Bk releases US MegaBank Stress Test Results (4:30pm et)
Saturday,June 22
06/24     BoJ Releases Minutes of MPC 04/24--25 Mtg
                                                  Federal Reserve (Education) Institute (U of San Diego thru 28th)
                                   06/26      RBNZ (New Zealand) MPC Rate Decision
                                   06/27      Fed Resreve Bk releases MEGABank CCAR Results
                                                  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. 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