wall street in advance

February/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,    Feb 23 German Jan Import Prices
    OVERNIGHT into US Mon. a.m et:
        New Zealand 4Q19 Retail Sales, Credit & Electronic Card Spending
        German IFO Feb Business Climate/Expectations
        Singapore Jan CPI
        UK Feb Gross Mortgage Approvals
        Pres. Trump visiting India (thru 27th)
Monday,   Feb 24 Chicago Fed Jan National Activity Index  (8:30am et)
Canada Dec Wholesale Trade
Dallas Fed Feb Manufacturing Activity (10:30am et)
US Treasury Auctions $45B 3-, & $39B 6-month Bills (11:30am et)
Fed's Mester on US Eco & Monetary Policy Outlook @36th NABE Monetary Policy Conference "20/20 Vision: Examing Policy Prescriptions in an Election Year" (3:30pm D.C. thru 25th)
Holidays in Japan, Russia & Brazil
    OVERNIGHT into US Tues. a.m. et:
        Japan Jan Corporate Services Price Index
        Singapore 4Q19 GDP
        German 4Q19 (F) GDP, Gov't Spending, Capital Investment, Private Consumption
        Swiss 4Q19 Employment Rate
        Hong Kong Jan Trade Balance
        UK CBI Feb Reported Sales, Total Distributed Reported Sales
        Mexican FY to July 12th, GDP, IGAE Dec Economic Activity
Tuesday,  Feb 25 Pres. David Malpass "View from the World Bank" @NABE Conference  (8am et)
Canada 4Q19 Corporate Profits (8:30am et)
FHFA  Dec House Price Index (9am et)
S&P CaseShiller 20-City Dec House Price Index
FRB 1st FinTech Innovation office hours (Atlanta GA FRB 10am et)
New England Study Group's "Effects of Sweetened Beverage Taxes in Philadlphia & Oakland: Fewer Beverage Purchases but Increased Cross-Border Shopping' (Boston FRB)
Conference Board US Feb Consumer Confidence/Present Situation/Expectations
Richmond FRB Feb Manufacturing/Services Index
US Treasury Auctions $26B 52-week Bills (11:30am et)
Bk of Canada's Lane speaks (Montreal 1pm et)
Fed V. Chair Clarida "View from the Federal Reserve Board of Governors: US Economic Outlook & Monetary Policy" @NABE (3pm et;  DC)
Democratic Presidential Hopefuls Debate (SouthCaroline)
Brazil Holiday (Carnival)
Fat Tuesday wraps Mardi Gras where celebrated
    OVERNIGHT into US Wed. a.m. et:
        UK BRC Feb Shop Price Index
        Aussie 4Q19 Construction Work Done
        BoJ CPI/Core CPI, Japan Jan Supermarket Sales
        Singapore Jan Industrial Production
        Hong Kong 4Q19 GDP
        Italian Jan Trade Balance
        German Jan Retail Sales
        Credit Suisse Feb ZEW Survey of Expectations
        ECB's Panetta speaks @Jt Deutsche Bundesbank/ECB/Chicago FRB Conference on Central Counterparty (CCP) Risk Management (Frankfurt Germany)
        ECB Chief Lagarde visits P.M. of Hesse State (Wiesbaden Germany)
        BoE Exec Dir of Markets, Andrew Hauser, speaks @Int'l Swaps & Derivatives  Ass'n/SIFMA Asset Mngmnt Grp Benchmark Strategies Forum (London)
Wed.        Feb 26 MBA weekly Mortgage/Refinance Applications (7am et)
Ash Wednesday--Lent Begins
US Jan New Home Sales
(10am et)
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (10:30am// w/e 02/21)
US Treasury Auctions $18B reopened 2-year FRNS (11:30am et)
US Treasury Auctions $41B 5-year Notes (1pm et)
Brazil Holiday
    OVERNIGHT into US Thurs. a.m. et:
         New Zealand Jan Trade Balance, ANZ Feb Activity Outlook, Business Confidence
         Ausie 4Q19 Private CapEx
         South Korea Interest/Deposit Rate MPC Announcement
         S&P to Rate Swiss Sovereign Debt
         Spain Feb CPI/HICP
         UK Feb Nationwide House Price Index
         South Africa Jan PPI
         Eurozone Feb ZEW Business/Industrial/Services+Consumer Confidence/Expecta- tions
         ECB's Panetta
opens 4th meeting of the Euro Cyber Resilience Board (Frankfurt)
         ECB Board Member Schnabel speaks w/Q&A @Barclays Int'l Monetary Policy Event (London)
         ECB's Lane discussant @Conference on Euro area's growth in a weakened economic outlook: diagonsis & responses (Paris FR)
Thurs,      Feb 27 US Jan (P) Durable/Capital Goods Orders/Shipment/Prices/PCE (8:30am et)
US weekly Jobless Claims/Continuing Claims
US 4Q19 GDP/Business Invetment/Personal Consumption (PCE)
US Jan Pending Home Sales
  (10am et)
Canada 4Q19 Current Account
Cleveland FRB Women in Economics Symposium (Cleveland OH)
EIA weekly Natural Gas Report (w/e 02/21  10:30am et)
K.C. FRB Feb  Manufacturing Actvity (11am et)
Fed's Evans keynotes @GIC Member Event, along with several members of Banco de Mexico (Mexico City 11:30am et)
US Treasury Auctions 4-, & 8-week Bills (11:30am et; values not available at post)
US Treasury Auctions $32B 7-year Notes (1pm et)
ECB's de Guindos speaks at Jt Grupo Joly & Cooperatives Agro-Alimentarias de Andalucia (Sevilla Spain 17:00 cet)
ECB's Lane speaks @Centre for European Reform dinner (London;   20:30cet)
    OVERNIGHT into US Fri. a.m. et:
        South Korea Jan Industrial Production, Service Sector Output
        Japan Jan Jobless Rate/Applicant-to-Job Ratio, Retail Trade, Tokyo Feb CPI, Jan (P) Industrial Production/March Forecast
        UK Feb Lloyds Business Barometer, GfK Consumer Confidence
        Aussie Jan Private Sector Credit
        Singapore Jan Bank Lending
        Japan Dec Vehicle Production, Jan Construction Orders, Housing Starts
        South Africa Jan Private Sector Credit
        Swiss Jan Retail Sales
        French 4Q19 GDP, Jan Consumer Spending, CPI/HICP
        German Feb Unemployment Rate/Change, CPI/HICP
        Spain Dec Current Account
        Italian Feb CPI/HICP
        India Bank Loan & Deposit Growth, 4Q19/FY19 GDP , Jan Infrastructure Output
        Eurozone Feb CPI
        BoE/London School of Economics Conference on Income Distribution, Wealth Distribution, & Central Bank Policies
        BoE's Cunliffe speech & panelist @China's Trade & Financial Globalisation Conference (16:15 cet  London)
        Canada Feb CFIB Business Barometer
Friday,     Feb 28 US Jan (Adv) Trade Balance   (8:30am et)
US Jan Personal Income/Spending/PCE/Deflator
US Jan Retail & Wholesale Inventories
Canada 4Q19/Dec GDP,
Industrial + Raw Materials Product Prices, Dec Budget Balance
Brazil Jan Budget Balance/Surplus
Fed's Bullard on the Economy & Monetary Policy (9:15am et--we can't confirm this)
Feb Chicago PMI
U of Michigan
Feb (F) Consumer Sentiment/Expectations (10am et)
Baker-Hughes weekly US/North America Oil/Gas Rig Count (1pm et; w/e 02/21)
    OVERNIGHT into US Sat. a.m. et:
        China Feb Manufacturing/non-Manufacturing/Composite PMI
Saturday, Feb 29
South Korea Feb Trade Balance
South Carolina Democratic Presidential Hopefuls Primary
Sunday,    Mar 01 German Jan Retail Sales
    OVERNIGHT into US Mon. a.m. et:
        Japan Feb Official Resrves
        Aussie Feb AiG Performance of Mnftg CBA Mntg PMI, CoreLogic House Price Index
        Japan 4Q19 Company Profits & Sales, CapEx
        Aussie ANZ Feb Job Ads, 4Q19 Company Operating Profit, Inventories
        Japan Nikkei Feb Manufacturing PMI, Vehicle Sales
        China Caixin Feb Mnftg PMI

        Aussie RBA Feb Commodity Index
        Hong Kong Jan Retail Sales
        Wards Total US Feb Vehicle Sales
        SNB Publishes its FY19 Annual Results,
Feb CPI, HICP, Mnftg PMI, producre.ch PMI
        Markit Eurozone, France, Germany, Italy,  & Spain Feb Mnftg PMI
        South Africa Manufacturing PMI, Feb Total Vehicle Sales
        BoE Jan Consumer Credit, Mortgage Approvals, M4 Money Supply, Markit Feb Mnftg PMI
         ECB's de Guindos speaks @Distinguished Speakers Seminar from European Economics & Financial Centre London   (13:30cet)
         Israel holds 3rd General Election in 2 years  (03/02 local time)
         Italy CY19 GDP
Monday,   Mar 02 Canada RBC Feb Mnftg PMI (9:30am et)
US Feb Markit Manufacturing PMI (9:45am et)
US Feb ISM Mnftg Index/Employment/Orders/Prices Paid (10am et)
US Jan Construction Spending
Mexico Feb Mnftg PMI (10:30am et)
US Treasury Auctions $45B 3-, & $39B 6-month Bills (11:30am et)
Brazil Feb Trade Balance
    OVERNIGHT into US Tues. a.m. et:
        New Zealand 4Q19 Terms of Trade, Feb Trade Balance
        Aussie Jan Building Approvals, 4Q19 Current Account Balance, Net Exports, HIA New Home Sales (might be helped by brushfires)
        South Korea 4Q19 GDP, Feb CPI
        RBA MPC March Cash Rate Target
        Japan Feb Consumer Confidence
        Swiss 4Q19 GDP
        French Jan Gov't Budget Balance
        Italy & Spain Jan Unemployment Reports
        BoE FPC Meeting Minutes
, UK Markit/CIPS Feb Construction PMI
        Eurozone Feb CPI, Jan Unemployment Rate, PPI, HICP
        New Zealand Feb QV House Prices, Jan Building Permits
        Singapore Feb Manufacturing PMI
        ECB's de Guindos opens Jt ECB & EU Commission Conference on "The roles of equity markets & financial technology" (Frankfurt Germany 9:00cet)
        ECB's Jochnick panelist @ISDA policy conferenc eon EU Bank Capital Reform & Regulation, Bd Member Schnable moderates a panel   (Brussels Belgium)
Tuesday   Mar 03 Redbook weekly store sales snapshot
Brazil 4Q19 GDP
Fed's Mester speaks @UK Society of Professional Economists dinner (London)
ISM New York Feb Business Conditions
Super Tuesday: 14 States Hold Primaries, choosing 33.8% of all Democratic Delegates
    OVERNIGHT into US Wed. a.m. et:
         New Zealand Jan Building Consents
        Aussie AiG Feb Performance of Construction Index, CBA Services/Composite PMI
        Fed's Evans participates in moderated Q&A @Univ of IL (6:30pm et, Champaign IL)
        Aussie 4Q19 GDP, CapEx, Final Consumption
        RBA (Aussie) Chart Pack Released
        Japan Jibun Bank Feb Services/Composite PMI
        Hong Kong Feb Manufacturing PMI
        China Caixin Feb Services/Composite PMI

        India Nikkei Feb Services PMI
        Markit Eurozone, France, Germany, Italy & Spain Feb Services/Composite PMI
        German Jan Retail Sales
        South Africa Standard Bank Feb PMI
        UK Markit/CIPS Feb Services/Composite PMI, Official Fx Reserves
        Eurozone Jan Retail Sales
Wed.        Mar 04 MBA weekly Mortgage/Refinance Applications (7am et)
Brazil 4Q19 GDP, Markit Feb Services/Composite PMI
ADP Feb US Private Sector Employment Change (8:15am et)
US Markit Feb Services/Composite PMI  (9:45am et)
Bk of Canada MPC Rate Decision  (10am et)
US Feb non-Mnftg/Services Composite ISM
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (10:30am et;   w/e 02/28)
BoE Dpty Gov Broadbent speaks @London Business Schoool (18:00 cet)
Federal Reserve Releases Beige Book (2pm et)
    OVERNGIHT into US Thurs. a.m. et:
        BoJ Feb Purchases of Donmestic & Foreign Stocks & Bonds
        Aussie Jan Trade Balance
        Markit Feb German Construction PMI
        UK Feb New Car Registrations, BRC Retail Sales Monitor (post-Brexit)
        South Africa 4Q19 Current Account, Feb Business Confidence
        Brazil Auto Production/Sales Jan PPI
        ECB's Enria panelist on financial supervision @Delphi Economic Forum (Greece)
        BoE Monthly Decision Maker Panel Data
        OPEC Extraordinary Meeting (Vienna Austria, 03/05 local time)
Thurs.      Mar 05 Challenger Feb Job-Cuts (7:30am et)
BoE Chief Economist, Haldane, speaks (Paris FR)
US weekly Jobless Claims/Continuing Claims (w/e 02/28)
US 4Q19 non-farm Productivity, Labor Costs
US Jan (F) Durable Goods/Capital Goods Orders/Shipments
US Jan Factory Orders
EIA weekly Natural Gas Report (w/e 02/28l  10:30am et)
BoE Gov Carney speaks @University College (London)
US Treasury Auctions 4-, & 8-week Bills  (11:30am et;  values not announced at post)
BoC Chief Poloz provides Economic Progress Report (12:45pm et)
    OVERNIGHT into US Fri. a.m. et:
        Aussie AiG Feb Performance of Services Index
        NY Fed's Williams "Major Policy Address on US Economy" @Financial Services Dinner @FPA where he's receiving a Medal (8:45pm et)
        New Zealand 4Q19 Volume of All Buildings
        Japan Jan Labor Cash Earnings, Household Spending, Fx Reservesd
        Aussie Jan Retail Sales
        China's Customs publishes Jan & Feb Imports/Exports, Feb Trade Balance
        German Jan Factory Orders

        French Jan Imports/Exports, Current Account, Feb Reserve Assets,
        UK RICS Feb House Price Balance, Halifax HPI
        Italian Jan Retail Sals
        OPEC & OPEC+ Jt Ministerial Monitoring Cmte Meets on Production Quotas (Vienna)
Friday,     Mar 06 US Feb Unemployment Report/Change/Participation/Hrly Earnings
Canada Feb Unemployment Rate/Change/Participation/Earnings
, Jan Int'l Merchandise Trade
Fed Pres' Evans (9:20am et on Transparency & Communications), Mester, Bullard, Rosengren, Williams (2pm) & George panelists on 'Zero Lower Bound' & other Topics @Shadow Open Market Committee "Current Monetary Policy: The Influence of Marvin Goodfriend" (NY)
Canada Ivey Feb PMI  (10am et)
US Jan Wholesale Inventories/Wholesale Trade Sales
Baker-Hughes weekly US/North American Oil/Nat Gas Rig Counts (1pm et)
US Jan Consumer Credit (3pm et)
NPC--China's National People's Congress POSTPONED to May
Saturday, Mar 07 China Feb Trade Balance
          WEEKS AHEAD:
03/12--13   ECB MPC Meeting + Press Conference  (Frankfurt, Germany)
                                          03/17--18    FOMC Meets
                                          03/18--19    BoJ Meets
                                         03/25--26     Midwest Anti-Money Laundering Conference (K.C. FRB)
                                                 03/26    BoE MPC Meets

*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, while St. Louis' Bullard wanted a bigger cut earlier, who was backed by Chicago's Evans.
               * HICP used in Europe, means Harmonized Index of Consumer Prices