wall street in advance

April/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:
Sun.          Apr 21 EASTER Celebrated in most of the Western World
Monday,   Apr 22 Chicago Fed Mar  National Activity Index (8:30am et)
US March Existing Home Sales (10am et)
US Treasury Auctions $42B 3-, & $36B 6-month Bills (11:30am et)
Brazil CAGED Net Payroll Jobs & Federal Tax Revenue
Easter Monday celebrated in most of the Western World, ex-U.S.
   OVERNIGHT into US Tues. a.m. et:
         Australia CBA April Manufacturing, Services, & Composite PMI
         Japan Apr Manufacturing PMI, Mar Nat'l Dept Store Sales, Machine Tool Orders
         New Zealand Mar Credit Card Spending
         Canada Feb Wholesale Trade
Tuesday,  Apr 23 Redbook weekly US store sales snapshot
FHFA Feb House Price Index (9am et)
Richmond Fed Apr Manufacturing Index
US March New Home Sales (10am et)
US Treasury Auctions $26B 52-week Bills (11:30am et)
Philly Fed April non-Manufacturing Business Outlook survey
US Treasury Auctions $40B 2-year Notes (1pm et)
Fed Reserve Bd open mtg on Proposal to Revise the Board's Control Rules (1:30pm et)
    OVERNIGHT into US Wed. a.m. et:
        Japan Mar Corporate Service Prices
        German Mar Import Price Index
        Aussie Mar Skilled Vacancies, Q1 CPI
        Japan Feb All Industry Activity Index
        German Apr IFO Current Assessment/Expectations
        French Apr Business Survey
        Italian Mar Trade Balance
        Spanish Trade Balance
        Swiss ZEW Expectations
        ECB Publishes Consolidated Financial Statement of the Eurosystem
        UK Mar Central Gov't NCR, Public Sector Net Borrowing
        UK FinMin Hammond testifies @Parliament's Treas Cmte on Spring Budget Statement
Wed.        Apri 24 MBA weekly Mortgage/Refinance Applications (7am et; perked to 3-yr high last week)
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et  w/e 04/19)
BoC (Canada) MPC Issues Rate Decision, Outlook, Monetary Policy Report
BoC Gov Poloz &  Dpty Gov Wilkins Press Conference
(post-Meeting/Policy Report)
US Treasury Auctions$20B 2-yr FRN (11:30am et)
US Treasury Auctions $41B 5-year Notes (1pm et)
    OVERNIGHT into US Thurs. a.m. et:
        China Mar Swift Global Payments
        South Korea Q1 GDP
       BoJ MPC Meeting Announcement/Yield Targets/Outlook, More QE?
        BoJ Kuroda Press Conference
( 04/25 local time)
        Riksbank (Sweden) MPC Announces Rate Decision, Gov Olsen before Standing Cmte on Finance & Economic Affairs of the Storting 
        Spain Q1 Unemployment Rate, PPI
        UK Apr CBI Orders & Selling Price Trends, Optimism
Thursday, Apr 25 US March Durable Goods Orders/Shipments--Capital Goods Orders/Shipments (8:30am et)
ECB V.P. de Guindos participant "Europe at Crossroads" event by European-American Chamber of Commerce (8:30am et @Thomas Reuters, NY)
US weekly Jobless Claims
Brazil Mar Current Account & Foreign Direct Investment, Apr Consumer Confidence
EIA weekly Natural Gas Report  (10:30am et;   w/e 04/19)
K.C. Fed April Manufacturing Index (11am et)
US Treasury Auctions 4-, & 8-week Bills (11:30am et, values not yet announced)
US Treasury Auctions $32B 7-year Notes (1pm et)
US weekly Fed Balance Sheet & Weekly US Money Supply (4:30pm et)
Holidays in Australia & New Zealand
    OVERNIGHT into US Fri. a.m. et:
        New Zealand Mar Trade Balance, ANZ CPI
        Japan Mar Jobless Rate, Tokyo Apr CPI, Mar Industrial Production, Retail Trade
        Aussie Q1 PPI, Import & Export Price Indices
        Singapore Mar Industrial Production
        Japan Feb Vehicle Production, Mar Housing Starts/Construction Orders
        Chairman Jordan speaks @ Swiss Nat'l Bank Annual Shareholder Mtg (Bern)
        Russia Apri Interest Rate Decision
        UK BBA Mar Mortgage Approvals, CBI Apr Reported Sales, Total Distributed Sales
        India Deposit & Bank Loan Growth, Fx Reserves
Friday,       Apr 26 US 19Q1 GDP + PCE (8:30am et)
Brazil Mar Bank Lending
U.M. Final April Consumer Sentiment & Expectations
Canada Feb Budget Balance
Baker-Hughes weekly US/North American Rig Count (1pm et)
Saturday,  Apr 27 German Mar Retail Sales
China Mar Industrial Profits
South Africa Holiday--Freedom Day
Sunday,    Apr 28 Spain General Elections
Holidays in India & Japan
    OVERNIGHT into US Mon. a.m. et
        China March Industrials Profits

        Hong Kong Mar Trade Balance
        UK April Nationwide House Price Index
        Japan Golden Week Begins (thru May 05)
        BoE Gov Carney
keynotes Innovate Finance Global Summit (London 04/29 local time)
        A City Lecture w/ECB V.P. de Guindos (London)
        Eurozone Apr Business, Industrial, Services & Consumer Confidence
Monday,  Apr 29 US Feb (F) + March (P) Personal Income/Outlays & PCE (8:30am et)
Dallas Fed April Manufacturing Survey (10:30am et)
Brazil BCB Focus Market Readout, Unemployment Rate
US Treasury Auctions $39B 3-, & $36B 6-month Bills (11am et)
    OVERNIGHT into US Tues. a.m.  et:
        So Korea Mar Industrial Production, Retail Sales, Service Sector Output, Mnftg BSI Index
       China April Manufacturing, non-Manufacturing & Composite PMI
        Aussie Mar Private Sector & Housing Credit
        Singapore Mar Bank Lending
        RBI (India) Monetary & Credit Information Review, Mar Federal Fiscal Deficit
        Japan Mar Construction Orders & Housing Starts
        Japan's Emperor Akihito Abdicates (04/30 local time)
        French Q1 (P) GDP, Gov't Budget Balance, Apr CPI, & HICP, PPI
        German Mar Import Price Index, GfK May Consumer Confidence, Apr Unemployment Rate/Change, CPI, HICP
        Spanish Q1 GDP, Apr CPI & HICP
        UK April Lloyds Business Confidence, GfK Consumer Confidence
        Italian Q1 GDP, Mar Unemployment Rate, Apr CPI & HICP
        UK Apr GfK Consumer Confidence, Nationwide House Price Index
        Russia Apr Markit Manufacturing PMI
        BoE Dpty Gov Ramsden speaks @ Innovate Finance Global Summit (London 04/30 local time),
        BoE Publishes Qtrly Asset Purchase Facility Report
        Eurozone Q1 GDP, Mar Unemploymenmt Rate/Change
Tuesday,  Apr 30 19Q1 US Employment Cost Index (ECI; 8:30am et)
Canada Feb GDP, Mar IPPI, RMPI
Redbook weekly store sales snapshot
FOMC 2-day Meeting Starts
S&P CoreLogic Case/Shiller Feb 20-city Home Price Index (9am et)
Chicago April PMI (9:45am et)
Brazil Mar Budget Balance
Conference Board April Consumer Confidence/Expectations (10am et)
US March Pending Home Sales
BoC Gov Poloz & Dpty Wilkins
speak @Finance Cmte
USDA Farm Prices (3pm et)
    OVERNIGHT into US Wed. a.m. et:
        New Zealand Apr QV House Prices
        Aussie AiG Apr Performance of Manufacturing Index, CBA Manufacturing PMI
        New Zealand Q1 Unemployment Rate/Change/Participation/Labor Cost Index
        Japan's New Emperor, Akihito's son, Naruhito, 59, Coronated (May 1st, local time)
        Aussie RBA Apr Commodity Index, CoreLogic House Price Index
        So Korea Apr Trade Balance  
        UK Labour Day Holiday
        UK BRC Apr Shop Price Index, Nationwide House Price Index, Mar Net Consumer Credit, Net Lending on Dwellings, Mortgage Approvals, Apr Markit  Manufacturing PMI
        May Day Holiday in Most European Countries, South Korea, India, & Russia
        Ward's Total April US Vehicle Sales

        BoE Oversight Chairman, Bradley Fried, @ Parliament's Treasury Select Cmte hearing on the "Court of the Bank of England" (14:15 gmt)
Wed.,       May 01 MBA weekly Mortgage Refinance Applications (7am et)
ADP April Private Sector US Employment Report (8:15am et)
RBC Canada Apr Manucfaturing PMI
US April Manufacturing PMI (9:45am et)
US April ISM Manufacturing Index/Orders/Employment/Prices Paid (10am et)
US March Construction Spending (10am et)
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et; w/e 04/26)
US Treasury Refunding Announcement for 3-, 10, 03-year Issuance
FOMC post-Meeting Announcement (2pm et)
Fed Chairman Powell Press Conferenc
e (2:30pm et)
    OVERNIGHT into US Thurs. a.,m. et:
        New Zealand Mar building Permits
        So Korea Apr Nikkei Manufacturing PMI, CPI
        China Apr Caixin Manufacturing PMI
        Aussie HIA New Home Sales
        German Mar Retail Sales
        Swiss Mar Retail Sales, April Manufacturing PMI
        Eurozone, France, Germany, Italy Markit Apr Manufacturing PMI
        UK Markit/CIPS Apr Construction PMI
        BoE MPC May Bank Rate, Corporate Bond Target, Asset Purchase Target, Inflation Report, Meeting Minutes (05/02. noon GMT/local time)
Thurs.      May 02 US April Motor Vehicle Sales (throughout today and tomorrow, ex-GM and Ford)
Challenger April Job-Cut Report (7:30am et)
BoE Gov Carney post-Meeting Press Conference
US weekly Jobless Claims (8:30am et)
US Q1 Productivity & Costs
US Mar Durable Goods Orders/Shipments, Capital Goods Orders/Shipments
US March Factory Orders (10am et)
Mexico Markit Apr Manufacturing PMI
EIA weekly Natural Gas Report
US Treasury Auctions 4-, & 8-week Bills (value not yet announced;  1:30am et)
ECB's Praet speaks (Vienna)
Fed Reserve weekly Balance Sheet & US weekly Money Supply
    OVERNIGHT into US Fri. a.m. et:
        Aussie Mar Building Approvals, AiG Apr Performance of Services Index, CBA Apr Services + Composite PMI
        Hong Kong GDP
        Swiss Apr SECO Consumer Confidence, SVME PMI, CPI, Mar Retail Sales
        UK Markit/CIPS Apr Services & Composite PMI, Offical Reserves/Changes
        Riksbank (Sweden) Open Finance Cmte Meeting with Gov Ingves, 1st Dpty af Jochnick, Dpty Govs Floden, Jansson, Ohlsson, & Kingsley on Account of Monetary Policy
        ECB Bank Supervisor, Enria, panelist on "Restoring people's trust in the Single Market for banking & finance" @2019 State of the Union Conference  (Florence Italy)
        Eurozone Mar PPI, Apr CPI
Friday,     May 03 US April Unemployment Report/Change/Participation/Earnings (8:30am et)
US March Int'l Trade Deficit
US (adv)  Retail Inventories
US (adv) Wholesale Inventories
US Markit April Services PMI  (9:45am et)
US April non-Manufacturing ISM (10am et)
Fed's Evans speaks @ NABE/Riksbank Int'l Symposium, "Global Economies at the Crossroads: Growing Together While Growing Apart?" w/Q&A (10:15am Stockholm)
Fed Gov Clarida on "Models, Markets & Monetary Policy" @ Stanford Univ Hoover Institution Policy Conference (8:30am pt)
Baker-Hughes weekly US/North American Rig Count  (1pm et)
Fed's Williams on "Tying down the Anchor: Monetary Rules & the Lower Bound on Interest Rates" @Strategies for Monetary Policy: A Policy Event @Stanford U Hoover Institution(CA 10:45am pt)
Fed's Bowman on "Milton Friedman & the Long History of Monetary Policy Rules" @Stanford/Hoover Institution Policy Conference (noon--1:30pm pt)
Fed's Bullard, Daly, Kaplan & Mester panelists on "Monetary Strategies in Practice" w/Q&A @Stanford Univ/Hoover Institution Monetary Policy Event (4:45pm pt)
Sat.          May 04
      WEEKS AHEAD: 0
5/06    Fed's Harker on eco outlook @37th Monetary & Trade Conference@Drexel Univ LeBow College of Business
                                      05/07   RBA (Aussie) MPC Meets
                                                  RBNZ (New Zealand) MPC Meets
                                                  BoJ Minutes of MPC Meeting 03/14--15
                                      05/09   Norges Bank (Norway) MPC Meets
                                      05/16   Bk of Mexico MPC Meets
                                      05/29   BoC (Canada) 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, 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