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 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
Sunday,    Jan 19 Pres. Trump speaks @ 101st Farm Bureau Federation Converntion & IDEAg Trade Show (Austin TX thru 22nd))
    OVERNIGHT into US Mon. a.m. et:
        Japan Dec Retail Sales
        UK Rightmove Jan House Prices
        Peoples Bk of China Sets 1-, & 5-year Prime Rates, Foreign Direct Investment
        Japan Nov (F) Industrial Production/Capacity Utilization
        German Dec PPI
        Hong Kong Dec Unemployment Rate (protests could make it ugly)
        ECB's Lagarde & Panetta @Eurogroup Meeting (12:00 cet Brussels Belgium)
Monday,   Jan 20 US Martin Luther King Jr Holiday: ALL US Markets & Banks Closed Today
Brazil CAGED Net Payrolls, Federal Tax Revenue
Canada Dec Teranet/National Bank Home Price Index
ECB's Lagarde participates in New Year's reception of the State of Baden-Wurtemberg to the EU (19:30 cet Brussels)
    OVERNIGHT into US Tues. a.m. et:
        New Zealand Dec Performance of Services, Non-Resident Bond Hldgs
        BoJ MPC Rate Decision + Kuroda Press Conference (01/21 local time)
        Eurozone Jan ZEW Current Situation/Expectations
        ECB's de Guindos speaks @ECOFIN Meeting (Brussels 12:00cet)
        Eurozone investment fund statistics , Bank Lending Survey
        ECB's Bollo debates at 'Financial Services' Working Group of EU Parliament (13:00cet)
         Swiss Dec Trade Balance
         Hong Kong Dec CPI
         Spain Trade Balance
         UK ILO Nov Unemployment Rate/Count/Change/Wkly Earnings, Dec Claims
         Consolidated Financial Statement of Eurosystem (15:00 cet)
         World Economic Forum (Davos-Klosters Suisse thru 24th) Greta Thunberg speaks @8:30, 11:00, & 13:00cet  Pres. Trump speaks @11:30 cet Goldman Sachs CEO David Solomon @14:30cet, BAC CEO Moynihan, IBM's Ginni Rometty, CRM's Marc Benioff & musucian YoYo Ma @18:00 cet (01/21 local time)
Tuesday   Jan 21 Canada Nov Manufacturers' Sales
Redbook weekly store sales snapshot
US Treasury Auctions $42B 3-, & $36B 6-month Bills
Pres. Trump's Impeachment Trial Begins @US Senate (1pm et)
     OVERNIGHT into US Wed. a.m. et:
         Aussie Dec Skilled Vacancies, Jan Westpac Consumer Confidence
         Japan Dec Condo Sales
         South Korea Q4 GDP
         UK CBI Jan Reported Sales/Total Distributed Sales, Dec. PSNR ex-Banking Groups, Public Sector Borrowing
         So Africa Dec CPI
         Italy Nov New Industrial Orders/Sales
         ECB releases Quarterly Data on Government Debt/Deficits (10:00 cet)
         UK Dec Retail Sales, CPI
         World Economic Forum speakers: Paul Tufor Jones (9:15cet), Tidjane Thiam, Tom Keene, Kenneht Rogoff  (10:30cet), Jane Goodall & Marc Benioff (10:45cet), Daniel Yergin & H.R.H. Prince Abdulaziz Bin Slman Bin Abdulaziz Al Saud (11:45 cet), Carrie Lam (14:15cet), H.R.H Prince of Wales (14:40cet), Carmen Reinhart (15:15 cet), Al Gore (16:00cet), David M. Rubenstein (17:30cet), Bill Gates (19:00cet---01/22 local time)
Wed.        Jan 22 MBA weekly Mortgage/Refinance Applicaitons (7am et; w/e 01/17)
Chicago Fed Dec National Activity Index
Canada Dec CPI, Dec New Housing Price Index, Nov Wholesale Trade
FHFA Nov House Price Index (9am et)
NAR Dec Existing Homes Sales (10am et)
Bk of Canada MPC Interest Rate Decision + Press Conference
    OVERNIGHT into US Thurs. a.m. et:

        New Zealand Nov Net Migration
        Japan Dec Trade Balance, Nov All Industry Activity Index, Dec (F) Machine Tool Orders
        Aussie Dec Unemployment Rate/Change/Participation/Full-/Part-time
        Singapore Q4 URA Property Index & Dec CPI
        BoJ Senior Loan Officer Survvey
        German Dec Import Price Index
        BoE's Segal-Knowles speaks on "Payments Policy & Regulation in the UK" at  Westminster Business Forum (London)
        ECB MPC Statement on Interest & Deposite Rates (10:00 cet, Frankfurt)
        Russia Dec Industrial Production, Central Bank Fx Reserves
        World Economic Forum speakers: Satya Nadella (10:30cet), Laurence D. Fink (11:30 cet), H.S.H. Prince Albert of monaco (14:45cet), Sara Eisen/Carmen Reinhart (17:00cet)
Thurs.      Jan 23 ECB Chief Largarde Press Conference (14:30 cet Frankfurt)
US weekly Jobless Claims (last week 204k)/Continuing Claims
FRB Boston Study Group on "Long-term Effects of California's Family Leave Act of 2004 on Women's Careers" (Boston MA)
EIA weekly Natural Gas Report  (10:30am et)
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (11am et; w/e 01/17)
K.C. Fed Manufacturing Activity Index
US Treasury Auctions $14B 10-year TIPS
    OVERNIGHT into US Fri. a.m. et:
        New Zealand Q4 CPI, Dec Credit Card Spending, CPI
        Aussie Jan Mnftg/Services/Conmposite PMI   (% fires curtail activity?)
        Japan Jan Mnftg/Services/Composite PMI, Dec CPI
        BoJ  Minutes of Dec 18/19/2019 MPC Meeting (01/24 local time)
        Singapore Dec Industrial Production
        Eurozone, France & Germany Markit Manufacturing/Services/Composite PMI
        ECB Survey of Professional Forecasters

        Italy Dec Trade Balance
        German Jan IFO Index
        UK Markit/CIPS Mftg/Services/Composite PMI
        Mexico Nov IGAE Economic Activity
        World Economic Forum speakers: Martin Wolf, ECB's Villeroy de Galhau, Carmen Reinhart (10:30cet), ECB Chief Lagarde & Steve Mnuchin (11:30cet),
Friday,     Jan 24 Chinese Holidays--start leading into New Year 01/28
South Korea New Year Holiday
Canada Nov Retail Sales
US Markit Jan Mnftg/Services/Composite (P) PMI
Baker-Hughes weekly US/North American Rig count (1pm; w/e 01/17)
Saturday, Jan 25 China Spring Festival Holiday (celebrated in Taiwn & Hong Kong, too)
          WEEKS AHEAD:
  01/28--29    FOMC Meets, Powell Press Conference Concludes
                                                  01/29     BoJ Summary of Opinions of MPC Meet 01/20/21, 2020
                                                  01/30     BoE MPC Meets (future rate cut talk)

*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