wall street in advance

March 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,    Mar 08    OVERNIGHT into US Mon. a.m. et:
        New Zealand REINZ Feb House Sales
        Japan 4Q19 GDP/Biz Spending/Private Consumption, Jan Trade Balance, Current Account, Feb Bankrutcies
        China Feb New Yuan Loans/Aggregate Financing, Foreign Direct Investment (FDI)
        Swiss Feb Unemployment Rate
        German Jan Industrial Production, Trade Balance, Current Account
        Eurozone March Sentix Investor Confidence
        Mexico Feb CPI
Monday,   Mar 09 Canada Jan Building Permits, Feb Housing Starts
US Treasury Auctions $42B 3-, & $36B 6-month Bills (11:30am et)
Brookings Conversation on national security with Gen. David Patreus (2pm et)
    OVERNIGHT into US Tues. a.m. et:
         New Zealand 4Q19 Manufacturing Activity, Feb ANZ Truckometer, Manpower 2Q20 Survey
         Aussie 2Q20 Manpower Survey, NAB Feb Business Confidence/Conditions
         China Feb CPI + PPI, 2Q20 Manpower Survey
         UK BRC Feb Like-for-Like Sales
         Japan 4Q19 Machine Tool Orders, 2Q20 Manpower Survey
         Eurozone 4Q19 GDP, Unemploymment, Gross Fixed Capital, Labor Costs, Gov't & Household Expenditures         
         UK 4Q19 Mortgage Lenders & Administrators Statistics
Tuesday,  Mar 10 US NFIB Feb Business Optimism Index
US Treasury Auctions $38B 3- year Notes
(11am et)
Brookings Institution "How to lower health care costs: Competition, regulation & administrative expenses" w/stellar cast of speakers
Primaries in Michigan, Missouri, & Washington  (365 Democratic delegates determined)
    OVERNIGHT into US Wed. a.m. et
        New Zealand Feb Card & Electronic Card Spending
        RBA's Debelle speaks (Sydney), Aussie Jan Home & Investment Building Loans, Mar Westpac Consumer Confidence
        UK Jan GDP, Trade Balance, Construction Output, Industrial + Manufacturing Production, Index of Services
Wed.        Mar 11 MBA Mortgage/Refinance Applications (7am et)
Canada 4Q19 Capacity Utilization (7:30am et)
US Feb CPI/Core CPI (8:30am et)
US Feb Hourly Earnings
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (w/e 03/06; 10:30am et)
US Treasury Auctions $24B reopened 10-year Notes (11:30am)
US Treasury Feb Monthly Budget Statement (2pm et)
    OVERNIGHT into US Thurs. a.m. et:
        Japan 1Q20 All Industry BSI, Feb Domestic Corporate Goods Price Index
        Aussie Mar Consumer Inflation Expectations
        UK RICS Feb House Price Balance
        Japan Feb Tokyo Avg Office Vacancies
        German Feb Wholesale Price Index
        Eurozone Jan Industrial Production
        ECB MPC post-Meeting Interest Rate/QE Statement
(13:45cet; Frankfurt, DE)
        ECB Gov Lagarde post-Meeting Press Conference (03/12 local time--14:30cet)
        Publication of ECB staff macroeconomic projections for Euro area
Thurs,       Mar 12 US weekly Unemployment Claims/Continuing Claims (w/e 03/6)
US Feb PPI-Final Demand  (8:30am et)
EIA weekly Natural Gas Report  (10:30am et; w/e 03/06)
US Treasury Auctions 4-, & 8-week Bills (11am; value not announced at post)
US 4Q19 Change in Household Wealth (noon  et)
US Treasury Auctions $16B reopened 30-year Notes (1pm et)
FRB Boston "Earnings dynamics, Changing Job Skills and STEM Careers" (3:30pm et)
    OVERNIGHT into US Fri. a.m. et:
        New Zealand Feb Manufacturing PMI, Food Prices
        Japan Jan Tertiary Industry Index
        German Feb CPI
        BoE--FCA Jt Operational Resilience Consultation Paper Webinar
        Mexico Jan Industrial Production
Friday,     Mar 13 US Feb Import/Export Prices   (8:30am et)
Canada Feb Existing Hone Sales (9am et)
U.M. (P)  March Consumer Sentiment/Expectations (10am et)
Baker-Hughes weekly Oil/Natural Gas Rig Count (1pm 03/06)
Saturday, Mar 14
Sunday,    Mar 15 Democratic Presidential Candidates Debate in D.C. without audience (CNN Broadcast)
    OVERNIGHT into US Mon. a.m. et:
        New Zealand Feb Performance of Services, Net Jan Migration
        Japan 4Q19 GDP/Private Consumption/CPI, Jan. Machine Orders, Feb Bank Lending
        BoJ Feb Sector Current Account Balance
        UK Rightmove Mar House Prices
        China Feb Home Prices
        RBA's Heat
h speaks (Melbourne)
        China Feb Jobless Rate, Industrial Production, Property Investment, Retail Sales
        China NBS (Nat'l Bureau of Statistics) Press Conference

        India Feb Food, Fuel, Manufacturing Inflation
        Swiss Feb Producer & Import Prices
        Italian Feb CPI, HICP
        Eurozone Feb Reserve Assets
        Brazil Net Payroll
        ECB's Lagarde & Panetta attend Eurogroup Meetings (Brussels Belgium)
Monday,   Mar 16 NY FRB Empire State Mar Manufacturing Survey
US Treasury Auctions $42B 3-, & $36B 6-month Bills
(11am et)
Russian Holiday
    OVERNIGHT into US Tues. a.m. et:
        RBA Mar Policy Meeting Minutes,
4Q19 House Price Index
        New Zealand Feb non-Resident Bond Holdings
        Singapore Feb non-Oil Exports
        Japan Mar Reuters/Tankan Index
        Japan Jan (F) Industrial Production/Capacity Utilization,
Tokyo Feb Condo Sales, Nationwide Dept Store Sales
        Swiss March SECO Economic Forecasts, Feb Unemployment Rate 
        UK Jan ILO Unemployment Rate/Change/Avg Wkly Earnings, Feb Claimant Count
        Eurozone ZEW Mar Economic Sentiment Survey/Expectations/Current Expectations
        Euro Mar Sentix Investor Survey
        China Feb CPI + PPI
        German ZEW
Mar Current Assessment/Expectations, Jan Trade Balance
        Eurozone Jan Construction Output, Labor Costs
        ECB's de Guindos @Ecofin Meeting (Brussels)
        ECB's McCaul fireside chat via videoconference @Morgan Stanley European Financials (video) Conference (London 13:00 cet)
Tuesday   Mar 17 Primaries in Arizona, Florida, Illinois, & Ohio
Redbook weekly store sales snapshot
US Feb (adv) Retail Sales
Canada Jan Int'l Securities Transactions, Manufacturing Sales
Russia Feb Industrial Production
US Feb Industrial + Manufacturing Production/Capacity Utilization (8:15am et)
US Jan Business Inventories (9am et)
NAHB Mar Housing Market Index  (10am et)
US Jan JOLTS (Job Turnover & Openings)

Fed Reserve Bd of Governors cancelled closed meeting scheduled for 1pm 
FOMC 2-day meeting CANCELLED
    OVERNIGHT into US Wed. a.m. et:

          New Zealand 4Q10 Current Account
          RBA's Ellis speaks (Sydney)
          BoJ Meets for 2-days (thru 19th Local time)
          Japan Feb Trade Balance
          EU 25 Feb New Car Registrations,
CPI, HICP, Trade Balance
          Eurozone CPI/HICP 
          UK Feb New Car Registrations
          South Africa Feb CPI/Core CPI
          Italian Jan Industrial Orders/Sales, Trade Balance
Wed.        Mar 18 MBA weekly Mortgage/Refinance Applications
US Feb Housing Starts/Building Permits

Canada Feb CPI/Core CPI, Teranet/National Bank Feb Home Price Index
Russia Feb PPI
EIA weekly Petroleum/Gasoline/Distillate/Refinery Report (10:30am et)
FOMC Statement, expected today, was issued Sunday, 03/15, instead
FOMC Chief Powell Press Conference scheduled for today held Sunday, 03/15

Brazil Interest Rate Decision
    OVERNIGHT into US Thurs. a.m. et:
         New Zealand 4Q19 GDP
         Japan Feb National CPI/Tokyo CPI
         Aussie Feb Unemployment Report/Change/Full--Part-Time/Participation
         RBA Feb Fx Transactions
         BoJ Interest Rate & QE Statement, Kuroda Press Conference (03/19 local time)
         China Feb Swift Global Payments, net Fx Settlement
        Japan Jan All Industry Activity Index, Feb Convenience Store + Supermarket Sales
         SNB (Swiss Central Bk) Publishes 2019 Annual Report, Sustainability Report
         SNB Mar Policy Rate/Sight Deposit Rate
         Swiss Feb Trade Balance (Import/Export/Watch Trade)
Thurs.      Mar 19 US weekly Jobless Claims/Continuing Claims
Philadelphia Fed Mar Business Outlook
US 4Q19 Current Account
ADP Canada Non-Farm Employment/Change, Feb New Housing Price Index
EIA weekly Natural Gas Report
US Treasury Auctions 4-, & 8-week Bills (10:30am et; value will be announced 3/17)
South Africa Mar Interest Rate Decision
US Treasury Auctions $12B reopened 10-year TIPS (1pm et)
    OVERNIGHT into US Fri. a.m. et
        So. Korea Feb PPI
        China Mar 1-yr & 5-year Prime Rate
        New Zealand Feb Credit Card/Electronic Card Spending
        German Feb PPI
        Eurozone Jan Current Account
        BoE Feb Public Sector Net Borrwing, Central Gov't NCR, TNS Inflation Outlook
        Russia Mar Intrerest Rate Decision, Feb Retail Sales, Jan Wage Growth
        BoE Quarterly Bulletin/TNS Feb Inflation Survey 
        Canada Jan Retail Sales
Friday,     Mar 20 US Feb Existing Home Sales
Baker-Hughes Oil/Nat Gas US/No. Am. Rig Count
(1pm et)
Saturday, Mar 21 South Africa Human Rights Day
          WEEKS AHEAD:
        03/24    Primary in Georgia postponed
                                          03/25--26    Midwest Anti-Money Laundering Conference (K.C. FRB)
                                                 03/26    BoE MPC Meets
                                                 04/02     Boston FRB N.E. Study Grp Workshop, "Does Eviction Cause Poverty..?"
                                                 04/15     Chicago FRB CANCELLED 13th Risk Conference "A World in Motion..."
                                          04/16--17     Philly FRB Macro Conference

*FOMC 2020 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 2020: MN Fed's Kashkari, Dallas Fed's Kaplan, Philly Fed's Harker, Cleveland Fed's Mester. Other Fed Presidents include: Atlanta Fed's 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 was a voter until Feb. 2020, completing her predecessor's term (NY Fed CEO Wiliams). 2019 Hawks dissenting against 2019 rate cuts were K.C. Fed's George, Boston's Rosengren, and St. Louis' Bullard but he wanted a bigger cut, earlier, who was backed by Chicago's Evans.
               * HICP used in Europe, means Harmonized Index of Consumer Prices