wall street in advance

March 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,    Mar 17 St. Patrick's Day
    OVERNIGHT into US Mon. a.m. et:
        Japan Feb Trade Balance & Dept Store Sales, Jan Industrial Production/Capacity Utilization
        China Feb Fx Settlement
        New Zealand Feb Non-Resident Bond Holdings/Resident Offshore Holdings
        Singapore Feb non-Oil Exports
        Eurozone Jan Trade Balance
        UK Rightmove Mar House Prices

        Brazil BCB Focus Market Readout
        ECB Economist Praet
on "From micro to macro:market power, firms' heterogeneity and investment," organized by EIB (Luxembourg)
        Canada Jan Int'l Securities Transactions
Monday,  Mar 18 NAHB Mar Housing Market Index
US Treasury Auctions $48B 3-, & $39B 6-month Bills

    OVERNIGHT into US Tues. a.m. et:
        Australia 18Q4 House Price Index
        RBA Minutes of March Meeting Released, RBA's Kent speaks (Sydney)
        BoJ 18Q4 Money Flow
       Swiss Feb Merchandise Trade Balance & Watch Exports
        German IFO Survey Sentiment/Expectations/Current Conditions, Feb WPI
        Hong Kong Feb Unemployment Rate
        Italy Jan Trade Balance
        UK ILO Jan Unemployment Rate, Feb Claimant Count/Change, Avg Earnings
        Eurozone ZEW Economic Sentiment, Jan Construction Output, 18Q4 Labor Costs
        India Current Account
        German Mar ZEW Survey of Current Conditions/Expectations & PPI
Tuesday,  Mar 19 Redbook weekly store sales snapshot
FOMC 2-day Meeting Starts
US Jan Factory Orders
US Fan Durable Goods Orders/Shipments

     OVERNGIHT into US Wed. a.m. et:
          New Zealand 18Q4 Balance of Payments & Current Account Balance
          South Korea Feb PPI
          BoJ Minutes of Jan 22/23 MPC Meeting, Feb Supermarket Sales, Machine Tool Orders
          Japan Mar Tankan Survey
          Aussie Feb Skilled Vacancies & RBA's Bullock speaks (Perth)
          South Africa SARB Quarterly Bulletin, Feb CPI
          German Feb PPI
          Swedish Dpty Gov Skingsley on economic situation & current monetary policy @ Nordic Cash & Treasury Mgnmnt (Stockholm)
          BoE MPC member Sharp speaks @ Cass Business School (London)
          ECB's Praet panelist "Twenty Years of the Euro:Challenges & Opportunities Ahead" @ HSBC 'AAA' Conference (Versaille FR)
          UK Feb CPI, RPPI, HPI, & PPI , CBI Distributive Trades Level, Industrial Trends Orders
          OMFIF World Trade Organization Seminar on Global Trade Tensions (London)
Wed.,       Mar 20 First Day of Spring
MBA weekly Mortgage/Refinance Applications
SNB (Swiss) Quarterly Bulletin
EIA weekly Petroleum/Gasonline/Distillates Report
(w/e 03/15)
Brazil MPC Interest Rate Decision & Fx Flows
FOMC post-Meeting Statement & Updated SEP (Forecasts/dotplots)
FOMC Chief Powell Press Conference
(2:30pm et)
    OVERNIGHT into US Thurs. a.m. et:
         New Zealand 18Q4 GDP, Feb Credit Card Spending
         Australia Feb Unemployment Rate/Change/Full/Part-time/Participation, Fx Transac- tions, RBA Bulletin
         Norges Bank MPC Decision & Monetary Bulletin
         SNB (Swiss) MPC Monetary Policy Report/Rate Decision
, M3
         UK Feb Retail Sales, Public Finances, Central Gov't NCR, Public Sector Borrowing
         BoE MPC Interest Rate Decision/QE Targets/Minutes, Economic Bulletin
         ECB Annual Report on Supervisory Activities 2018 delivered to EU Parliament Economic & Monetary Affairs Cmte by ECB Supervisor Andrea Enria (Brussels)
         Hong Kong Feb CPI
         Canada Jan Wholesale Trade
Thurs.      Mar 21 Philly Fed Mar Business Survey
Weekly US Jobless Claims/4-wk moving avg
ADP Canada Non-Farm Employment, Jan Wholesale Sales
EIA weekly Natural Gas Report (w/e 03/15;  10:30am)
US Treasury Auctions 4-, & 8-week Bills (values not announced at time of post)
US Treasury Auctions $11B reopened 10-year TIPS
Fed Reserve Bk of Atlanta FinTech Webinar "Talk About Payments" (1pm et)
Federal Reserve Bank weekly Assets & US Money Supply  (4:30pm et)
Holidays in Japan, India, & South Africa
    OVERNIGHT into US Fri. a.m. et:
         Japan Feb CPI, Nikkei Mar Mnftg PMI

         Aussie Mar CBA Mnftg, Services + Composite PMI
         CEPR (Ctr for Economic Policy Research/REITI The Post-Brexit World Economy (Tokyo)
         Eurozone, France, German + Italy Mar Markit Flash Manufactruring & Services/ Composite PMI
         Russian Central Bank Press Conference
         Canada Feb CPI & Jan Retail Sales
Friday,     Mar 22 US Feb Existing Home Sales
Markit US Mar Manufacturing, Services, & Composite (P) PMI
US Jan Wholesale Trade
ECB Supervisory Board Member Ignazio Angeloni's Term Ends (Frankfurt)
US Feb Treasury Budget
Baker-Hughes weekly US/North American Rig Count
  (1pm et)
Sat.          Mar 23 UK Mar CBI Mar Reported Sales/Distributed Reported Sales  
UNCONFIRMED** Fed's Bostic on eco outlook & monetary policy at dinner preceding Fed Reserve Bk of San Francisco Macroeconomics & Monetary Policy Conference (San Francisco; **According to Reuters DIARY but we did NOT find it--unil May)
Sun.          Mar 24     OVERNIGHT into US Mon. a.m. et:
        Fed's Evans
keynotes w/Q&A Credit-Suisse Asian Investment Conference (Hong Kong 2am et)
       Japan Jan All Industry Activity Index
       German Feb Import/Export Price Indices
       UK BBA Feb Loans for House Purchases
       BoJ's Harada
speaks at conference
       German Mar IFO Assessment/Expectations
       ECB's Coerue, Eurogroup Chief Centeno, IMF Dpty Lipton, Portuguese Central Bank Chief Costa speak @ Conference on Portuguese Reforms (Lisbon)
        BCB (Brazil) Focus Market Readout, Feb Current Account & Foreign Direct Investment
       Fed's Harker on Developments in the US Economy w/Q&A @ OMFIF (London 6:30am et)
Monday,   Mar 25 Chicago Fed March Nat'l Activity Index (8:30am et)
Dallas Fed Manufacturing Survey (10:30am et)
Mexico Jan IGAE Econonic Activity
US Treasury Auctions $48B 3-, & $39B 6-month Bills
    OVERNIGHT into US Tues. a.m. et:
        RBA's Ellis speaks (Sydney)
        New Zealand Feb Trade Balance
        German April GfK Consumer Climate
        Fed's Rosengren keynote @ Credit Suisse 22nd Asian Investment Conference (HK 8:30pm et)
        BoJ Summary of Opinions of 03/14-15 Mtg, Core CPI, Feb Corporate Service Prices
        Singapore Feb Industrial Production/Utilization
        French 18Q4 GDP
        Hong Kong Feb Trade Balance
Tuesday,  Mar 26 Fed's Harker on Eco Outlook at ECB/Deustche Bundesbank Jt Mtg (Frankfurt DE 8am et)
US Feb Housing Starts/Building Permits (8:30am et)
Redbook weekly store sales snapshot
CoreLogic S&P CaseShiller Jan 20-city Home Price Index (9am et)
FHFA Jan House Price Index
Richmond Fed Manufacturing Index
Fed's Daly speaks @ Commonwealth Club (San Francisco)
Conference Board's March Consumer Confidence (10am et)
US Treasury Auctions 4-, 8-week Bills (11am  value not yet announced)
US Treasury Auctions $26B 52-week Bills (11:30am et)
US Treasury Auctions $40B 2-year Notes (1pm et)
    OVERNIGHT into US Wed. a.m. et
        RBA's Kent panelist (Sydney)
        German Feb Retail Sales
        French, Spanish Feb PPI, CPI, HICP
        ECB's Draghi, de Guindos, Praet & Mersch speak @ "ECB and its Watchers" Conference (Frankfurt)
        ECB's Lautenschlaeger & Nowotny (also Austrian C.B. Chief) speak @ Conf. (Vienna)
        ECB's Hakkarainen on "Central banking & banking supervision in today's financial markets" organized by Sveriges Riksbank (Stockholm)
        KOF Institute Spring Economic Forecast, ZEW Mar Expectations, + Credit Suisse Mar Expectations Survey
        Italy Feb Trade Balance
        ECB VP de Gguindos speaks (Frankfurt)       
        UK CBI Mar Distributive Trades Survey
Wed.        Mar 27 MBA weekly Mortgage/Refinance Apps
US Jan Int'l Trade Deficit (8:30am et)
Canada Jan Int'l Merchandise Trade Balance
US Current Account
ECB Exec Bd's Mersch speaks (Frankfurt)
CANCELLED? US (Adv) Feb Retail Inventories
CANCELLED? US (Adv) Feb Wholesale Inventories
Brazil Feb Banking Lending, Fx Flows 
SNB (Swiss) Quarterly Bulletin
EIA weekly Petroleum/Gasoline/Distillates Inventories (10:30am et   w/e 03/22)
US Treasury Auctions $18B reopened 2-year FRN (11:30am et)
US Treasury Auctions $41B 5-year Notes (1pm et)
Fed's George on eco outlook & monetary policy w/Q&A @ NYU Money Marketeers (7pm et)
    OVERNIGHT into US Thurs. a.m. et:
        China Swift Feb Global Payments
        UK Nationwide Mar Houe Price Index
        South Korea BoK Financial Stability Board Meeting
        New Zealand Mar ANZ Activity Outlook+Business Confidence & Feb Job Vacancies
        South Africa Feb PPI
        Canada CFIB Mar Business Barometer
        RBNZ (New Zealand) MPC Decision on Official Cash Rates, Press Conference
        Eurozone Mar Business Climate, Industrial/Services/Business Eco Confidence, Price Expectations
        Riksbank Dpty Gov Skingsley panelist on Brexit (Paris)
        German Mar CPI +HICP
        Russia Central Bank Reserves
        South Africa MPC Interest Rate Decision
Thursday, Mar 28 Fed V Chair Quarles on Financial Stability Board Agenda ( 7:15am et) @Jt ECB, 50th Annivesary Journal of Money, Credit & Banking: Financial Intermediation, Regulation & Eco Policy. IMF Chief Lagarde & ECB's de Guindos also speak  (Frankfurt DE)
US 18Q4 (F) GDP & PCE (8:30am et)
US weekly Jobless Claims/Continuing Claims
US 18Q4 Corporate Profits
Fed V Chair Clarida panelist on Global Shocks & US Economy @ Bk of France & European Money & Finance Forum Colloquium (9:30am et Paris FR)
NAR Feb Pending Home Sales (10am et)
Fed Gov Bowman on Agriculture & Community Banking @ Independent Community Bankers Ass'n of New Mexico Ag Lenders Conference (10am Deming NM)
EIA weekly Natural Gas Report (10:30am et  w/e 03/22)
K.C. Fed Feb Manufacturing Index (11am et)
Fed's Bostic panelist on "From Bankhead to Buckhead: Prosperity for All" on workforce development & mobility w/Q&A @ Commerce Club (11:30am et Atlanta GA)
US Treasury Auctions 4-, & 8-week Bills (11:30 am value undisclosed)
US Treasury Auctions $32B 7-year Notes (1pm et)
SNB's Maechler speaks (Zurich)
Fed's Williams participant w/Puerto Rico Chamber of Commerce President on Economy (1:15pm et), Roundtable on small biz & entrepreneurship @ Parallel 18 (2:30pm San Juan)
Banco de Mexico MPC sets Overnight Rate/Deposit & Lending Rate
USDA Farm Prices (3pm et)
Fed weekly Balance Sheet & US weekly Money Supply (4:30pm et)
Fed's Bullard on US Eco & Monetary Policy @ Ctr for Research on Wisconsin Economy (CROWE)'s Spring Eco Outlook forum w/Q&A (Madison WI -6:20pm)
    OVERNIGHT into US Fri a.m. et:
         New Zealand Feb  Building Permits
         South Korea Feb Industrial Production, Service Sector Output, Retail Sales
         Japan Feb Jobless Rate, Mar Tokyo CPI, Feb Industrial Production, Retail Trade
         China BoP 18Q4 Current Account
        UK GfK Mar Consumer Confidence & Lloyds Business Barometer
         Aussie Feb Private Sector Credit & Housing Credit
         Singapore Feb Bank Lending
         Japan Jan Vehicle Production, Feb Housing Starts/Construction Orders
         German Mar Unemployment Rate/Claims/Change, Feb Import Price Index
         French Consumer Spending, CPI, Feb Gov't Budget Balance, HICP
         Spain 18Q4 GDP, Jan Current Account
         India Feb Federal Fiscal Deficit, Current Account, Fx Reserves, Bank Loan & Deposit, Infrastructure Output
         Brazil Unemployment Rate, Feb Budget BAlance 
         South Africa Feb Trade Balance
         UK 18Q4 GDP, Total Business Investment, BoE Feb Consumer Credit, Mortgage Approvals, Net Lending on Dwellings, M4
         Eurozone Mar CPI
         Canada Jan GDP, Feb Raw Materials Price Index, IPPI/Industrial Product Prices
Friday,      Mar 29 US Feb Personal Income, Jan Personal Spending/PCE (8:30am et)
Fed's Williams discusses workforce development @ My Brother's Workshop (9:25am St. Thomas US V.I.)
Chicago Mar PMI (9:45am et)
US Feb New Home Sales (10am et)
Canada Jan Budget Balance
U.M. (F) March Consumer Sentiment
Fed Gov Quarles on Macroprudential Policy @ Manhattant Institute's Shadow Open Market Cmte's Spring 2019 Meeting  (12:05pm et NY )
Baker-Hughes weekly US/North American Rig count (1pm et)
End of Month & 1st Quarter 2019
Saturday, Mar 30 India 18Q4 Foreign Debt
China Mar Manufacturing & non-Manufacturing PMI
      WEEKS AHEAD: 04/02    RBA (Aussie) MPC Meets
                                     04/10     FOMC Minutes of March 19--20th Meeting
                                                  ECB MPC Meets
  Fed's Beige Book
                                      04/24    BoC (Canada) MPC Meets
                                      04/25    BoJ MPC Meets
                                                  Riksbank (Sweden) MPC Meets
                         04/30--05/01   FOMC Meeting
                                      05/01    FOMC Chair 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, 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