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:
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
Sun.          May 19 OPEC & non-OPEC Producers Jt Minsterial Monitoring Cmte Meets (Jeddah Saudi Arabia)
Fed's Bostic opens Atlanta Fed 24th Financial Markets Conference (Amelia Island FL thru 21st)
Singapore Holiday
    OVERNIGHT into US Mon. a.m. et:
         UK Rightmove May House Prices, CBI Total Order & Selling Trends
         Japan Q1 (P) GDP, Private Consumption, Business Spending/CapEx, + Apr Supermarket Sales, March Industrial Production/Capacity Utilization
         Hong Kong  April Unemployment Rate
         China April Fx Settlement
         German April PPI
         Eurozone March Current Account
         ECB's Praet opens CEPR Leaders' Circle Event (London)
         BoE's Broadbent speaks @Imperial College Business School (London)
Monday,   May 20 Chicago April Fed Nat'l Activity Index (8:30am et)
Fed's Harker on US Eco Outlook w/Q&A @ Management Science 65th Anniversary Conference (Bostom 9:30am et)
US Treasury Auctions $36B 3-, & $36B 6-month Bills (11:30am et)
Brazil Federal Tax Revenue & Payrolls
Fed's Williams & Clarida participants @ "FedListens" roudtable on monetary policy strategy, tools, communications practices (1pm et NY)
Venezuela Voted for President, 1 year ago--and it remains unsettled since
Holidays in Singapore & Canada
FOMC Chief  Powell speaks @Atlanta Fed's Financial Markets Conference (7pm et)
    OVERNIGHT into US Tues. a.m. et:
         Japan Q1 Housing Loans, April Condominium sales
         Singapore Q1 GDP
         RBA (Aussie) Minutes of May Policy Meeting, Gov Lowe speaks (Brisbane)
         New Zealand Apr Credit Card Spending
         Spain Trade BAlance
         OECD European Economic Outlook
         Eurozone May (adv) Consumer Confidence
         ECB's de Guindos keynotes City Week "The International Financial Services Forum 2019" (London 10am local time)
Tuesday,  May 21 UK Inflation Report Hearings @Treasury Select Cmte
Redbook weekly store sales snapshot (8:55am et)
Consolidated Financial Statement of the Eurosystem Published
US April Existing Home Sales (10am et)
Fed's Evans speaks w/Q&A @Financial Markets Conference (Fernandlina Beach FL 10:45am et)
US Treasury Auctions $26B 52-week Bills (11:30am et)
Fed's Rosengren speaks @Economic Club of NY (11:30am et)
    OVERNIGHT into US Wed. a.m. et:
        New Zealand Q1 Retail Sales
        Japan Reuters May Tankan Index, April Adj Trade Balance, Mar Machine Orders
        BoJ's Harada speaks (Nagasaki)
        Fed's Bullard presentation on US eco outlook & monetary policy w/Q&A @ Foreign Correspondenets' Club of Hong Kong (HK 1am et)
        UK Apr CPI, Retail Price Index (RPPI), PPI, Central Gov't NCR, Public Finances & Net Borrowing, Mar House Price Index
        ECB Chief Draghi speaks @ECB Colloquium:"Monetary Policy in an incomplete Monetary Union," in ECB Economist Peter Praet's honor (9:30am cet, 05/22 local time Frankfurt DE)
       ECB's Praet on "Challenges to the single monetary policy and ways forward" @ECB Colloquium in his honor (Frankfurt @ECB 11:30 cet)
Wed.        May 22 MBA weekly Mortgage/Refinance Apps (7am et)
Canada Mar Retail Sales
Fed's Bostic & Kaplan open Jt Atlanta & Dallas Fed's "Technology-Enabled Disruption: Implications for Business, Labor Markets & Monetary Policy" (10:10am et Dallas to 23rd)
EIA weekly Petroleum/Gasoline/Distillates Report (11am et;  w/e 05/17)
FOMC Minutes of Meeting Ended 05/01 Released (2pm et)
    OVERNIGHT into US Thurs. a.m. et
        Aussie May CBA Manufacturing, Services & Composite PMI
        Japan Nikkei May (P) Manufacturing PMI
        NY Fed/Hong Kong Monetary Authority "Monetary Policy & Heterogeneity Conference" (HK thru 24th)
        German Q1 GDP, Private Consumption, Gov't Spending, Capital Investment
        Swiss Q1 Industrial & Construction Output
        French Q1 Unemployment Report
        Markit May (P) Eurozone, French, German, Italian Manufacturing, Services, Composite PMI
        German May IFO
current Biz Climate/Expections
        ECB Financial Stability Review
        UK April Retail Sales
        ECB Account of Monetary Policy Meeting April 9--10, 2019
        ECB's Draghi participant at 81st Plenary meeting of the Group of 30 (Madrid Spain)
        ECB's deGuindos speaks @ AFME: "Opportunities for European Banking & Capital Markets," organized by the Ass'n for Financial Markets in Europe (Frankfurt 10:40cet)
        Voting for 750 members of EU Parliament Starts (includes UK; thru 26th)
Thursday, May 23 US weekly Jobless Claims (8:30am et)
Canada Mar Wholesale Trade/Sales
South Africa May Interest Rate Decision
US Markit Flash May Manufacturing/Services/Composite PMI (9:45am et)
NAHB April New Home Sales (10am et)
EIA weekly Natural Gas Report (10:30am et)
K.C. Fed May Manufacturing Index (11am et)
US Treasury Refunding Announcement includes 2-, 5-., & 7-year Notes (11am et)
US Treasury Auctions $11B reopened 10-year TIPS (1pm et)
Fed's Daly, Barkin, Bostic & Kaplan  panelists @Jt Atlanta & Dallas Fed Techhnology-Enabled Disruption Conference (noon et, Dallas)
    OVERNIGHT into US Fri. a.m. et:
         New Zealand April Trade Balance
         Japan April CPI, March All Industry Activity Index
         Singapore Q1 GDP, April Industrial Production
         German April Import Prices
         UK April Retail Sales, CBI May Distributive Trades Survey
         India Bank Loan & Deposit Growth
Friday,      May 24 US April Durable Goods Orders/Shipments/Capital Goods Orders/Shipments (8:30am et)
Canada Q1 Corporate Profits
Mexican Mar IGAE Economic Activity
Russia April Unemployment Rate, Monthly GDP, Retail Sales
Baker-Hughes weekly US/North American Rig Count (1pm et)
US Bond Markets, only, Close Early (2pm et in advance of Memorial Day on Monday)
Equities Trade Regular Hours (close at 4pm et)
Fed weekly Balance Sheet & US weekly Money Supply (4:30pm et)
Saturday,  May 25 1st Anniversary of Europe's GDPR (includes Right to be Forgotten)
US Markets CLOSED Monday, May 27th
      WEEKS AHEAD: 0
5/29   BoC (Canada) MPC Rate Decision
                                     05/30    Fed V.Chair Clarida speaks @Econonmic Club of NY (11:30am et)
                                     06/04    RBA (Aussie) MPC Rate Decision
                                     06/06    ECB MPC Rate/QE Decision
                                     06/13    SNB (Swiss) MPC Decision
                              06/18--19    FOMC meets
                                    06/19     FOMC Statement, Powell Press Conference, Updated member Forecasts

                                    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