wall street in advance

March/April 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.          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 )
Fed's Kaplan Q&A @ Quinnipiac G.A.M.E. Conference (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 Official Manufacturing & non-Manufacturing PMI
Sunday,    Mar 31 China Mar Manufacturing, Non-Manufacturing + Composite PMIs
French Gov't Feb Budget Balance
    OVERNIGHT into US Mon. a.m. et:
         Aussie AiG Mar Performance of Manufacturing, CBA Mar PMI, CoreLogic HPI
         Japan Tankan Sm & Lg Q1 Manufacturing & non-Manufacturig Index/Outlook, Feb Loans & Discounts, Mar Official Reserves, Nikkei Manufacturing PMI, Vehicle Sales
         South Korea Mar Trade Balance, Nikkei Manufacturing PMI 
         Aussie NAB Mar Business Conditions/Confidence, RBA Commodity Index
         Singapore URA Qtrly Property Index
         China Caixin Mar Manufacturing PMI
         Russia Markit Mar Manufacturing PMI
         Swiss Feb Retail Sales, Mar SVME Manufacturing PMI
         Eurozone, French, German, Italian Mar Manufacturing PMI
         Italy Feb Monthly Unemployment Rate
         Hong Kong Feb Retail Sales
         UK Markit Mar Manufacturing PMI
         Russian CBR MPC Meeting
         Eurozone Mar CPI
         South Africa Mar Total Vehicle Sales
Monday,  Apr 01 US Feb Retail Sales (8:30am et)
RBC Canadian Mar Manufacturing PMI
Brazil Mar Markit Manufacturing PMI + Trade Balance
US Mar Manufacturing PMI (9:45am et)
US Jan (?) Business Inventories (10am et;  gov't shutdown shifted release dates)
Russia Qtr  GDP
US Mar Manufacturing ISM New Orders/Prices Paid/Employment
US Feb Construction Spending
US Treasury Auctions $45B 3-, & $39B 6-month Bills (11:30am et)
Mexico Markit Mar Manufacturing PMI
BoC Gov Poloz speaks @ Baffin Regional Chamber of Commerce/Nunavit Mining Symposium (Iqaluit NU)
    OVERNIGHT into US Tues. a.m. et:
         New Zealand QSBO Q1 Capacity Utilization + Business Confidence
         South Korea Mar CPI
         Japan Monetary Base
         Aussie Feb Building Approvals
         RBA (Aussie) MPC April Interest Rate Decision, Statemenmt 
         Nikkei India Mar Manufacturing PMI
         Spain Unemployment Rate/Change
         Swiss Mar CPI
         Wards US Mar Total Vehicle Sales
         UK Markit/CIPS Mar Construction PMI
         Eurozone Feb Unemployment Rate, PPI  (oil prices rising)
Tuesday,  Apr 02 US Feb Durable Goods Orders/Shipments
Brazil Feb Industrial Production
Redbook weekly store sales snapshot
ISM NY Mar Business Conditions
Rep Maxine Waters (Chair House FinServices Cmte), Kevin Hasset (Council of Eco Advisors), Sen Mike Crapo (Chair Senate Banking, Housing, Urban Affairs Cmte) speak @ ABA Summit (8:30--11:30am Washington Update/Legislative Oultook   DC)
Fed's Kaplan eco outlook & policy in light of sharp downgrade of FOMC Forecasts for Rates this year and next (Toronto)
    OVERNIGHT into US Wed. a.m. et:
         Aussie AiG Mar Performance of Services Index, CBA Services +Composite PMI
         UK BRC Mar Shop Price Index
         New Zealand Mar Commodity Price
         Aussie Feb Trade Balance & Retail Sales, Job Ads
         RBA releases Chart Package
         China Caixin Mar Services & Composite PMI
         Hong Kong Manufacturing PMI 
         South Africa Mar Standard Bank PMI & Manufacturing PMI
         Eurozone, France, Germany, Italy Mar Markit Services+Composite PMI
         UK Markit/CIPS Mar Services+Composite PMI, Official Reserves
         Eurozone Feb Retail Sales
Wed.,       Apr 03 MBA weekly Mortgage/Refinance Applications (w/e 03/29)
Brazil Mar Composite & Services PMI
Singapore Mar Manufacturing PMI
ADP March Private Sector Employment Report
Fed's Bostic, Barkin & George panelists at ABA Summit (D.C. 8:30am--10:30am)
US Mar Services PMI
ISM Mar non-Manufacturing ISM
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et;  w/e 03/29)
Fed's Kashkari town hall @ N.D. State U (Fargo ND 5pm)
    OVERNIGHT Into US Thurs. a.m. et:
         So. Korea Feb Current Account
         Japan 30-year JGB Auction
         India Nikkei Mar Services PMI
        India Central Bank Interest Rate Decision/Reverse REPO Rate/Cash Reserve Ratio
         ECB Releases Account of Last Monetary Policy Meeting
         German Feb Factory Orders, Mar Construction PMI
Thurs.      Apr 04 Challenger Mar Lay-off Report (7:30am et)
US weekly Jobless &  Continuing Claims (8:30am et)
Fed's Williams welcome delivered to Community Bankers Conference (9am et NY Fed)
Brazil Motor Vehicle Production/Sales
Canada Ivey Mar PMI
EIA weekly Natural Gas Report (10:30am et)
US Treasury Refunding Announcement (11am et)
US Treasury Auctions 4-, & 8-week Bills (11:30 am et)
Fed's Mester keynotes Ohio Banker's Day w/Q&A (Columbus OH 1pm et)
    OVERNIGHT into US Fri. a.m. et:
         Aussie AiG Mar Performance of Construction Index, Mar Fx Reserves
         Japan Feb Overall Household Spending/Cash Earnings/Overtime Pay
         German Feb Industrial Production
         French Feb Trade Balance
         Spain Feb Industrial Production
         UK Halifax Mar House Prices, Qtr Equity withdrawal Refinances
         UK 18Q4 Unit Labor Costs
Friday,     Apr 05 US March Unemployment Report/Change/Participation/Wages (8:30am et)
Canada Mar Unemployment Report/Change/Participation/Wages/Full-/Part-Time
Baker-Hughes US/North American Rig Count (1pm et; w/e 03/29)
US Feb Consumer Credit (3pm et)
Fed's Bostic discusses "Disruption & Opportunity: Shaping Policy in a Digital World" w/Q&A @ Andrew Young School of Public Policy @ GA State U (3:30pm et Atlanta GA)
China + Hong Kong Holiday-Ching Ming Festival
Sat.          Apr 06
      WEEKS AHEAD: 04/10   FOMC Minutes of March 19--20th Meeting
                                                  ECB MPC Meets, Draghi Press Conference
                                      0411     NY Fed's Williams
Keynotes Ass'n for Neighborhood & Housing Development 2019 Annual Conference w/Q&A (9:45am et  NY)
                               04/10--12    World Bank/IMF Jt Annual Spring Meetings
  Fed's Beige Book
                                      04/24    BoC (Canada) MPC Meets
                                      04/25    BoJ MPC Finishes 2-day Meeting (More QE?)
                                                   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