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 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
POSTPONED 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  (NY)
Russia Dpty Foreign Minister Ryabkov visits Venezuela (to July 22)
Pakistan Prime Minister Khan visits US & White House (to 24th)
Sunday,   July 21 US Sec'y of State Pompeo meets Mexican Foreign Minister Ebrard (Mexico City)
Japanese Elections for House of Councillors
    OVERNIGHT into US Mon. a.m. et:
         Euro area investment fund statistics,
Qtrly Eurostat data on gov't deficit/debt
Monday,  July 22 Chicago Fed July National Activity Index (8:30am et)
Canada May Wholesale Trade
US Treasury Auctions $36B 3-, & $36B 6-month Bills (11:30am et)
Fed Reserve Board of Governors closed meeting to discuss the advance & discount rates to be charged by Fed Reserve Banks (11:30am et D.C.)
Irish Foreign Minister Coveney speech on Brexit (1930 gmt)
    OVERNIGHT into US Tues. a.m. et:
        RBA's (Aussie) Kent
speaks (Sydney), Roy Morgan weekly Consumer Confidence
        Hong Kong CPI
        3rd APEC Business Advisory Council (ABAC) Meets (Hangzhou, China thru 25th)
        BoJ Gov Kuroda speaks
        RBA (Aussie) Ass't Gov Kent speaks
        Japan Jun Supermarket & Dept Store Sales, Machine Tool Orders, CPI
        UK Jul CBI Trends in Orders/Sales, Business Optimism
        Spanish 2-day Parliamentary Debate on whether to convert acting PM Sanchez to permanent Prime Minister (thru 23rd)
        ECB Bank Lending Survey
       BoE FPC Meeting Minutes, BoE's Haldane speaks at regional visit
Tuesday, July 23 Redbook weekly store sales snapshot (8:55am et)
FHFA May House Price Index (9am et)
US June Existing Home Sales (10am et)
Russian Foreign Minister Lavrov Meets with Cuban Pres. Canel & Foreign Minister Rodriguez to discuss bilateral & regional agenda  (Havana, Cuba thru 24th)
Richmond Fed July Manufacturing Index
US Treasury Auctions $40B 2-year Notes (1pm et)
    OVERNIGHT into US Wed. a.m. et:
        New Zealand Jun Trade Balance
        Aussie CBA Jul (p) Manufacturing, Services & Composite PMI
        Japan Jul Manufacturing PMI
        German June Import Price Index  (IPPI)
        Eurozone, France, Germany Jul Markit Manufacturing/Services+Composite PMI
        South Africa Jun CPI
        UK BBA Jun Loans for House Purchases, Mortgage Approvals
Wed.,      July 24 MBA weekly Mortgage/Refinance Apps (7am et)
Markit US Flash Composite PMI (9:45am et)
US June New Home Sales (10am et)
former Special Counsel Robert Mueller III testifies @Congress
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et; w/e 7/19)
US Treasury Auctions $20B 2-year FRN (11:30am et)
US Treasury Auctions $41B 5-year Notes (1pm et)
    OVERNIGHT into US Thurs. a.m. et
         China Jun Swift Global Payments
         South Korea Q2 GDP
         RBA's Lowe speaks (Sydney)
         German IFO Jul Business Conditions Assessment, Expectations
         Spain Q2 Unemployment Rate/Change, PPI
         Italian Jun Trade Balance
         Hong Kong Jun Trade Balance
         South Africa Jun PPI
         UK CBI Jul Reported Sales, Total Distributed Sales
         French Jobseekers
         Canada Jul CFIB Bunsiness Barometer
         ECB MPC Interest Rate Decisions, Policy Release (13:45 cet)
         ECB post-Meeting Draghi Press Conference (14:30 cet  Frankfurt)
Thurs.     July 25 Brazil BSB Nat'l Monetary Council Meets, Current Account, Jun Foreign Direct Investment
US June Durable/Capital Goods Shipments & Orders (8:30am et)
US June Int'l Trade Deficit
US weekly Jobless Claims/Continuing Claims
US June (adv) Retail & Wholesale Inventories
Russian Foreign Minister Lavrov visits Brazil (to 26th)
EIA weekly Natural Gas Report  (10:30am et)
K.C. Fed July Manufacturing Index (11am et)
APEC FinMins meet ahead of (Nov.) presidential summit (Santiago Chile thru 26th)
US Treasury Refunding Announcement
US Treasury Auctions 4-, & 8-week Bills (11:30am et value not divulged at post)
US Treasury Auctions $32B 7-year Notes (1pm et)
Fed weekly Balance Sheet & weekly US Money Supply (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
         Japan Jul Nationwide & Tokyo CPI
         Singapore Q2 Unemployment Rate
         French & Italian Jul Business & Consumer Confidence, Jun PPI
         Russia Jul Interest Rate Decision
Friday,    July 26 ECB Survey of Professional Forecasters
US (adv) Q2 GDP/PCE/Business Investment (8:30am et  1st guesstimate)
Foreign Ministers of China, Russia, Brazil & South Africa meeet (Rio de Janeiro)
Mexico May IAGE Economic Activity
U.M. Final July Consumer Sentiment/Expectations
Canada May Budget Balance
Baker-Hughes weekly US/North American Rig Count (1pm et)
Fed Bank Loan Officer Survey
Saturday,July 27 German Jun Retail Sales
China Jun Industrial Profits
52nd ASEAN +3 Foreign Ministers
Meeting (Bangkok Thailand to 08/03)
07/30    BoJ MPC 2-day Meeting Ends
                              07/30--31    FOMC 2-day Meeting, followed by Powell Press Conference
                                     08/01    BoE MPC Meets
                                    08/06     RBA (Aussie) MPC Meets
                                                  RBNZ (New Zealand) MPC Meets
                                    08/15     Norges Bank (Norway) MPC Meets
                                                  Bank of Mexico 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. 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