wall street in advance

July/August 2019  Economic Statistics
and Other Economic Influences
TUESDAYS:
                Weekly Chain Store Sales*
                 Average Hourly Earnings*
                 API Weekly Gas/Oil Stockpiles Report*  ** (4:30p.m.)
    WEDNESDAYS:
                 Mortgage Applications  Data
                 EIA Weekly Report on Gas & Oil Stockpiles* (10a.m.)
    THURSDAYS:
                 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 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)
US Loan Officer Survey
    OVERNIGHT into US Wed. a.m. et:
        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)
Sunday,   July 28     OVERNIGHT into US Mon. a.m. et:
        Japan Jun Retail Trade
        UK Jul Nationwide House Prices
        South Africa Jun Private Sector Credit
        Spain Jul Retail Sales, CPI & HICP
        BoE Jun Net Consumer Credit, Mortgage Approvals
        Brazil Jun Budget Balance, Debt-to-GDP Ratio
Monday,  July 29 Dallas Fed Jul Manufacturinmg Activity/Texas Services Survey (10:30am et)
US Treasury Auctions $36B 3-, & $36B 6-month Bills (11:30am et)
    OVERNIGHT into US Tues. a.m. et:
        So. Korean Aug Manufacturing BSI Index
        New Zealand Jun Trade Balance, Building Approvals
        Japan Jun Jobless Rate, Jun Industrial Production
        BoJ MPC Rate/QE Decision (07/30 local time)
        BoJ Gov Kuroda post-Meeting Press Conference
        Aussie Jun Building & Private House Approvals
        French Q2 GDP, Jun Consumer Spending, Gov't Budget Balance 
        German GfK Aug Consumer Confidence, Jul CPI, HICP, Import Price Index
        Eurozone Jul Business/Industrial/Services/Economic Climate, Consumer Confidence
        South Africa Q2 Unemployment Rate/Change
        USTR Lighthizer & Treas Sec'y Mnuchin meet in China with V. Premier Liu He
Tuesday, July 30 2-day FOMC Meeting Starts
US June Personal Income/Outlays/PCE (8:30am et)
Redbook weekly store sales snapshot (8:55am et)
S&P Case Shiller May 20-City Home Price Index (9am et)
Conference Board's July Consumer Confidence/Expectations (10am et)
NAR June Pending Home Sales (10am et)
    OVERNIGHT into US Wed. a.m. et:
         So Korea Jun Industrial Production, Retail Sales, Service Sector Output
         Japan Jun Loans & Discounts, May Vehicle Production, Housing Starts/Orders
         New Zealand Jul ANZ Business Confidence/Outlook
         China Jul Manufacturing/Services+Composite PMI
         Aussie Q2 CPI, Jun Private Sector Credit, CPI, Housing Sector Credit
         RBI (India) Monetary & Credit Information Review
         UK GfK Jul Consumer Confidence, BRC Shop Price Index/ Lloyds Business Barometer, Nationwide HPI
         Spain Q2 GDP, Current Account
         Italy Jun Unemployment Rate/Change, CPI, HICP, Q2 GDP
         Hong Kong GDP (massive weekend strikes/protests have to hurt GDP)
         Swiss ZEW Jul Conditions, Aug Expectations
         German Jul Unemployment Rate/Claims/Change, Jun Retail Sales
         Eurozone Jun Unemployment Rate, Q2 GDP, July CPI, HICP
         Italy Q2 GDP
Wed.       July 31 MBA weekly Mortgage/Refinance Applications (7am et)
Brazil Jun PPI, Unemployment Rate
South Africa Jun Trade Balance
ADP July Private Sector Employment Report (8:15am et)
US Q2 ECI-Employment Cost Index (8:30am et)
Canada May GDP, Jun Industrial Product & Raw Materials Prices
Chicago Jul PMI (9:45am et)
EIA weekly Petroleum/Gasoline/Distillates Report (10am et  w/e 07/26)
US Treasury Refunding Annoucement (11am et)
FOMC post-Meeting Rate & QE Statement +Balance Sheet plans (2pm et)
FOMC Chief Powell's Press Conference (2:30pm et)
Brazil Interest Rate Decision
USDA Farm Prices (3pm et)
    OVERNIGHT into US Thurs. a.m. et:
         Aussie CoreLogic Jul House Price Index, Q2 Import/Export Price Index, AiG Jul  Manufacturing PMI, HIA NEw Home Sales
         Japan Nikkei Jul Manufacturing PMI, Vehicle Sales
         South Korea Jul CPI, Trade Balance, Nikkei Manufacturing PMI
         Aussie Jul Commodity Index
         BoJ Dpty Gov Amamiya speaks
         China Caixin July Manufacturing PMI
         Swiss Jul Manufacturing PMI
         Markit Jul Eurozone, France, Germany, Italy Manufacturing PMI
         Ward's US July Vehicle Sales
         Markit UK Jul Manufacturing PMI
         BoE post-Meeting Rate Decision/QE Decision Released, Minutes (London, 08/01)
Thurs,     Aug 01 BoE Gov Carney post-Meeting Press Conference (London)
Challenger July US Lay-off Announcements (7:30am et)
US weekly Jobless Claims/Continuing Claims (8:30am et)
Canada RBC Jul Manufacturing PMI
Brazil Jun Industrial Production
US Manufacturing PMI (9:45am et)
US July Vehicle Sales (GM & Ford re;port quarterly)
US ISM Manufacturing Index/Prices Paid/Orders/Employment (10am et)
US June Construction Spending
Mexican Jul Markit Manufacturing PMI
South Africa Jul Total Vehicle Sales
Brazil Jul Markit Manufacturing PMI, Trade Balance
EIA weekly Natural Gas Report (10:30am et)
US Treasury Auctions 4-, & 8-week Bills  (11:30am et)
Fed weekly Balance Sheet & weekly US Money Supply (4:30pm et)
Swiss National Day Holiday
    OVERNIGHT into US Fri. a.m. et:
        India Jul Nikkei Markit Manufacturing PMI
        Russia Jul Markit Manufacturing PMI
        BoJ Minutes of June Policy Meeting
        Aussie Q2 PPI, Jun Retail Sales
        UK Markit/CIPS Jul Construction PMI, Manufacturing PMI
        Eurozone Jun PPI, Retail Sales
        Eurozone, France, Germany, Italy Jul Markit Manufacturing PMI
        Spain Unemployment Rate/Change
        Italy Jun Retail Sales
        Hong Kong Jun Retail Sales (protests hurt sales in central district)
        India Bank Loan & Deposit Growth, Fx Reserves
Friday,    Aug 02 US July Unemployment Rate/Change/Participation/Avg Hrly Earnings/Work Week (8:30am et)
Puerto Rico Gov. Ricardo Rossello said he'd resign today
Canada Jun Int'l Merchandise Trade Balance
Singapore Jul Manufacturing PMI
US June Int'l Trade Deficit
U.M. Final July Consumer Sentiment
US June Factory Orders
Baker-Hughes weekly US/North American Rig Count (1pm et;  w/e 07/26)
Saturday, Aug 03
                                                     
      WEEKS AHEAD: 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