wall street in advance

January 2020  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,    Jan 05 German Nov Retail Sales
Janet Yellen, Olivier Blanchard, Lawrence Summers, & Adam Posen panelists on "Japanification, Secular Stagnation, and Fiscal & Monetary Policy Challenges" (8am pst @AEA San Diego)
NY Fed Pres Williams, BoE's Broadbent, ECB's Lane, BoJ's Wakatabe, + BoC's Wilkins panelsts @AEA "Monetary Policy Frameworks in a World of Low Interest Rates" (10:15am pst @AEA) Also starting 10:15am pst, a dissection of FOMC transcripts
    OVERNIGHT into US Mon. a.m. et:
        Aussie AiG Dec Performance of Mnftg Index, CBA Services/Composite PMI
        Japan Nikkei Dec Manufacturing PMI, Dec Vehicle Sales
Hong Kong Dec Manufacturing PMI
        China Caixin Dec Services/Composite PMI, Fx Reserves
India Nikkei Dec Services PMI
        South Africa Standard Bank Dec Manufacturing PMI
        Markit Eurozone, France, Germany, Italy Dec Services/Composite PMI
        UK Dec New Car Registrations

        Eurozone Jan Sentix Investor Confidence, Nov PPI
        UK Markit/CIPS Dec Services/Composite PMI, Official Int'l Reserves
        Brazil Markit Dec Services/Composite PMI
Monday,   Jan 06 Canada Nov Raw Materials Price Index, IPPI  (8:30am et)
US Markit Dec Services/Composite PMI
US Treasury Auctions $42B 3-, & $36B 6-month Bills (11:30am et)
    OVERNIGHT into US Tues. a.m. et:
        Japan Dec Monetary Base, Nov Loans, Jibun Bank Dec Services/Composite PMI
        South Korea Nov Current Account
        Hong Kong Dec Fx Reserves
        Singapore Dec Fx Reserves
        Swiss Dec CPI, HICP
        Eurozone Dec CPI, Nov Retail Sales  
        ECB releases Harmonised Competitiveness Indicators (10:00 cet)      
        Brazil IPC-Fipe Dec Inflation Index
        Souh Africa Dec Total Vehicle Sales
Tuesday   Jan 07 US Nov Trade Balance (8:30am et)
Canada Nov Int'l Merchandise Trade, Ivey Dec PMI
Redbook weekly store sales snapshot
Brazil Dec Auto Production/Sales
US Dec Non-Manufacturing/Services/Comsposite ISM (10am et)
US Nov (F) Durable Goods/Capital Goods Orders/Shipments
US Nov Factory Orders
US Treasury Auctions $38B 3-year Notes
(1pm et)
Russia Christmas Holiday
    OVERNIGHT into US Wed. a.m. et:
        New Zealand Dec QV House Prices
        Aussie AiG Dec Performance of Construction Index. RBA Chart Pack Release
        Japan Nov Labor Cash Earnings
        Aussie Nov Building Approvals, Job Vacancies
        New Zealand Dec REINZ House Sales
        Japan Dec Consumer Confidence Index
        French Nov Trade Balance, Fx Reserves
        German Nov Factory Orders
        UK Q3 Unit Labor Costs, Halifax Dec House Price Index
        Eurozone Dec Business, Consumer, Economic, Industrial, Services Confidence
        ECB's de Guindos
speaks on "Europe's role in the global financial system" @Forging a new future between the UK & EU Conference organized by SUERF & de Nederlandsche Bank (Amsterdam NL 14:00 cet)
Wed.        Jan 08 US MBA weekly Mortgage/Refinance Applications
ADP Dec Employment Data
Fede Gov Brainard on "Modernizing the Community Reinvestment Act" @Urban Institute (D.C. 10am streamed)
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (w/e 01/03;   10:30am et)
US Treasury Auctions $24B reopened 10-year Notes (1pm et)
US Nov Consumer Credit (Debt, really; 3pm et)
    OVERNIGHT into US Thurs. a.m. et:
        New Zealand ANZ Dec Commodity Prices, Heavy Truckometer
        UK BRC Dec Like-for-Like Sales
        Aussie Nov Trade Balance
        China Dec CPI, PPI
        Swiss Q4 Family Homes Real Estate Index
        China Dec New Yuan Loans, Aggregate Financing
        SNB (swiss Nat'l Bank) preliminary annual result data
        German Nov Imports/Exports/Current Account
        Swiss Nov Retail Sales, Dec Fx Reserves
        Eurozone Nov Unemployment Rate/Change/Participation
        Brazil Nov Industrial Production
        Mexico Dec CPI
        BoE Gov Carney opens "Future of Inflation Targeting Conf." (BoE, London 16:45 cet)
        ECB Account of Last Monetary Policy Meeting
Thurs.      Jan 09 US Dec Challenger Job Cuts   (7:30am et)
Fed V Chair Clarida on "U.S. Economic Outlook & Monetary Policy" @Council on Foreign Relations C.Peter McColough Series on Int'l Economics (NY 8am et)
Canada Dec Housing Starts/Nov Building Permits
US weekly Jobless Claims/Continuing Claims
Revisions to Philly Fed Manufacturing Index
US Dec. Chain Store Sales (9 that still report monthly)
EIA weekly Natural Gas Report (w/e 01/03; 10:30am et)
Bk of Canada post-Meeting Statement & Gov Poloz Press Conference
Fed's Williams speaks
@BoE "Future of Inflation Targeting Conf." (London 11:30am et)
US Treasury Auctions 4-, & 8-week Bills (11:30am et -Values not announced at post)
US Treasury Auctions $16B reopened 30-year Bonds
Fed's Bullard speaks to Wisconsin Bankers
Ass'n Economic Forecast Luncheon (Madison)
    OVERNIGHT into US Fri. a.m. et:
        Aussie AiG Dec Performance of Service Index, Nov Retail Sales
        Japan Nov Household Spending
        Singapore Nov REtail Sales
        China Dec Foreign Direct Investment (FDI)
        Swiss Dec Unemployment Rate/Change
        French & Italian Nov Industrial Production
        India Nov Industrial Production, Manufacturing Output
        UK Nov Construction Output, Industrial Production, Mnftg Production, Monthly GDP, Trade Balance, Index of Services
        Brtazil Dec CPI, IPCA Inflation Index SA
        ECB publishes Euro area Qtrly balance of payments & int'l investment position
        Mexico Nov Indstrial Production
        BoE's Tenreyro speaks @Resolution Foundation (London)
Friday,     Jan 10 US Dec Unemployment Rate/Change/Participation/Hrly Wages (8:30am et)
Canada Dec Unemployment Rate/Change/Participation/Part-/Full-Time/Wage Rate
US Nov Wholesale Inventories & Trade Sales (10am et)
Baker-Hughes weekly US/North American Rig Count (1pm et)
Saturday, Jan 11 China Dec Foreign Direct Investment (FDI)
Sunday,    Jan 12 German Dec. '19 Wholesale Price Index
    OVERNIGHT into US Mon. a..m. et:
        Italian Nov Retail Sales
        Russia Jan FX Intervention
        UK Nov NIESR GDP, Construction Output. Industrial & Manufacturing Production, Trade Balance, Index of Services, Q4 Business Investment
Monday,   Jan 13 Bk of Canada Q4 Senior Loan Officers Survey, Business Outlook Survey
US Treasury Auctions $42B 3-, & $36B 6-month Bills (11:30am et)
China V. Premier Liu expected in Washington D.C.
US Treasury Dec  Budget Statement
Japan Closed for Holiday
    OVERNIGHT into US Tues a.m. et:

        China Dec Trade Balance
        India Dec Food, Fuel, & Manufacturing Inflation
        New Zealand NZIER Business Opinion Survey, Nov Building Permits
        Japan Dec Bank Lending, Nov Trade Balance/Balance of Payments, Current Account
        ECB's Mersch speaks @BAFT (Bankers Ass'n for Finance/Trade) Global Annual Meeting (Frankfurt DE 09:30 cet)
Tuesday,  Jan 14 NFIB Dec Small Business Optimism Survey
, Avg Hrly Earnings
Redbook US weekly store sales snapshot
NY Fed CEO Williams discusses Behavioral Science @NY FRB/London School of Economics/Banking Standards Board Jt event   (London 9am et)
Boston Fed's Rosengren on Eco & Monetary Policy @CT Business & Industry Ass'n's "Economic Summit+Outlook 2020" event (10am est Hartford CT)
KC Fed's George on 'State of the Economy' @Institute of Mngmnt Accountants (FRB KC)
    OVERNIGHT into US Wed. a.m. et:
        BoJ's Kuroda speaks @Branch Managers Meeting, Dec Machine tool Orders
        So Korea Dec Import/Export Price Index, Trade Balance, Unemployment Rate
        German FY2019 GDP, Public Finances
        France, Italy, Spain Dec CPI, HICP
        UK Dec CPI, HPI, PPI, RPPI
        Eurozone Nov Trade Balance, Industrial Production,
Dec Reserve Assets
        BoE's Saunders speak @Southern Eastern Regional College (Bangor No. Ireland)
Wed.         Jan 15 MBA weekly Mortgage/Refinance applications (w/e 01/10)
US Dec PPI  (8:30am et)
NY FRB/Empire State Jan Manufacturing Survey
Brazil Nov Retail Sales, Fx Flows
India Trade Balance
Canada Dec Existing Home Sales (9am et)
China V Premier Liu @White House for bilateral signing of  Phase 1 Trade Deal
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (10:30am et-w/e 01/10)
Fed Publishes Beige Book (2pm et)
   OVERNIGHT into US Thurs. a.m. et
       New Zealand Dec Electronic Card Sales
       Japan Nov Machinery Orders, Dec PPI, Jan Tankan Index
       UK RICS Dec House Price Balance
       Aussie Nov Home & Investor Loans, RBA Fx Dec Transactions
       China Dec New Home Prices
       German Dec CPI, HICP
       EU 25 Dec New Car Registrations
       BoE Q4 Bank Liabilities/Credit Conditions Survey

       So Africa MPC Jan Prime & Interest Rate Decision
       ECB Publishes Account of MPC Meeting held 12/11--12/2019 (13:30 cet)
Thurs,      Jan 16 US weekly Jobless Claims/Continuing Claims (8:30am et)
US Dec (P) Retail Sales
US Dec Import/Export Prices
Philly Fed Jan Business Outlook
US Nov Business Inventories (10am et)
NAHB Jan Housing Market Index
Fed Gov Bowman speak
s @Homebuilders Ass'n of Greater Kansas City 2020 Economic Forecast Breakfast (10am et)
EIA weekly Natural Gas Report  (10:30am et; w/e 01/10) 
US Treasury Auctions 4-, & 8-week Bills (11:30am et; value not announced at post)
ECB Chief Lagarde speaks @Neujahrsempfang 2020 im Romer (Stadt, Frankfurt 1pm et)
Dialogue with the Fed: The Community Reinvestment Act (CRA)--Separating Truth from Myths (FRB St. Louis 6pm ct)
    OVERNIGHT into US Fri. a.m. et:
        New Zealand Dec Manufacturing PMI
        Aussie HIA New Home Sales
        Singapore Dec non-Oil Exports
        So Korea MPC Jan Interest Rate Decision
        China Q4 GDP, Fixed Assets, Industrial Production, Property Investment, Retail Sales,
Surveyed Jobless Rate, Nat'l Bureau of Statistics Press Conference
        Swiss Dec Producer & Import Prices
        Italian Nov Trade Balance
        Eurozone Nov Current Account, Dec CPI, HICP, Nov Construction Output
        Russia Nov Trade Balance
        UK Dec Retail Sales
Friday,     Jan 17 US Dec Housing Starts/Building Permits (8:30am et; lots of snow a factor)
Canada Nov International Securities Transactions
US Dec Industrial & Manufacturing Production/Capacity Utilization (9:15am et)
U.M. Prelim Jan Consumer Sentiment/Outlook  (10am et)
US Nov JOLTS (Job Openings & Turnover)
Fed V. Chair Quarles speaks @ABA Banking Law Cmte Annual Meeting (12:45pm D.C.)
Baker-Hughes weekly US.North American Rig Count  (1pm et; w/e 01/10)  
Saturday, Jan 18
Monday,   Jan 20 Note :US Holiday: ALL US Markets Closed Today
          WEEKS AHEAD:
  01/20    Martin Luther King Jr Holiday Celebrated (ALL U.S. Markets Closed)
                                           01/23    Bk of Japan Meets
                                           01/24    ECB Meets
                                    01/29--30    FOMC 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, Richard Clarida, Gov Bowman, (Senate confirmed 09/12/19) 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