wall street in advance

November 2020  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:
Sun.        Nov 15     OVERNIGHT into US Mon. a.m. et:
        Japan Q3 GDP Rate/CapEx/Prices/Private Consumption
        China NBS Press Conference on: Oct Unemployment Rate, House Price Index, Fixed Asset Investment, Industrial Production, Retail Sales, FDI

        Thailand Q3 GDP
         BoJ's Masai V-speech to business leaders in Eastern Hokkado
         Japan Sept Industrial Production/Capacity Utilization
         Aussie's Gov Lowe speaks

         ECB's de Guindos V-speech @Opening of the 23rd EuroFinance Week (Frankfurt)
         German Bundesbank Monthly Report
         UK Rightmove Oct House Price Index
         ECB's Lagarde opening Plenary @WEF 1st Pioneers of Change V-Forum (14:00)
Mon.       Nov 16 NY Empire State Nov Manufacturing Index
India Holiday
Canada Sept Manufacturing Sales
Philly Fed 4Q20 Survey of Professional Forecasters (10am et)
BoE's Tenreyro webinar BoE Agenda for Research: Monetary Toolkit (sub-zero rates?)
US Treasury Auctions $54B 3-, & $51B 6-month Bills
ECB's Mersch chat @Online OMFIF V-event on 'Euro Growing Pains' (14:30 cet)
BoE's Haskel panelist @All-Parliamentary Grp on 'A.I. Technologies in post-COVID UK Recovery' (17:30 bt)
Fed's Daly speaks (10:45 pt) @FRB San Francisco/U.of Michigan 'Central Bank of the Future: Building a FinSystem for a More Inclusive Economy' V-Conference   (thru 18th)
Fed's Clarida on US Monetary Policy @Brookings Institution (livestream @2pm et)
7th Summit on Regional Competitiveness--New Decade: Disruption, Driving....(thru 20th)
    OVERNIGHT into US Tues. a.m. et:
        RBA's Kent & Debelle Speak, RBA Meeting Minutes Released
, Offshore Holdings
        Singapore non-Oil Oct Trade Balance
        Hong Kong Oct Unemployment Rate
        Italy Sept Trade Balance
        ECB Monthly Financial Stability Review
        ECB's af Jochnick 'in conversation' @7th IIF European Bankng Union Colloquim
        ECB's de Guindos speaks @V-EU-South American Forum on Financial Regulation
Tuesday, Nov 17 US Oct Retail Sales
Canada Oct Housing Starts, Building Permits, Sept Wholesale Sales
US Oct Import/Export Prices
Redbook weekly store sales snapshot
BoE Gov Bailey @TheCityUK's National Conference 2020 (14:00)
Nouriel Roubini speaks @IMF 8th Statistical V-Forum: Measuring the Economics of the  Pandemic (thru 20th)
US Oct Industrial + Manufacturing Production/Capacity Utilization
US Sept Business Inventories
NY Times DealBook
V-Conference w/Masayoshi Son, Dr. A. Fauci, J. Dimon, Bill & Melinda Gates, Sen. Warren, R. Porat and more moderated by Andrew Ross Sorkin
NAHB Nov Housing Market Index
US Treasury Auctions $30B reopened 119-day & $30B reopened 42-day Bills
Dallas & K.C. Fed Energy Annual--Navigating the Changing Energy Landscape (thru 20th)
ECB's Lagarde online Q&A @Bloomberg New Economy V-Forum (17:00 cet)
Federal Reserve Exploring Careers in Economics
Feds Bostic, Rosengren, Daly speak @Racism and the Economy: Focus on Employment
Fed's Williams V-conversation w/Mark Zandi @Eco Club of NY (2pm est)
K.C. Fed's "Banking & the Economy: The Policy Recipe for Recovery" (2pm)
US Sept TICS
    OVERNIGHT into US Wed. a.m. et:
        RBA's Lowe speaks

        Japan Oct Trade Balance
        Aussie Oct HIA New Home Sales, Q3 Wage Price Index
        Eurozone Oct New Car Registrations
        UK Oct CPI/Core CPI, PPI/Core PPI, Retail Price Index, New Car Registrations
        Thailand Interest Rate Decision
        ECB non-Monetary Policy Meeting
       ECB's Lagarde statement @Cmte on Economic +Monetary Affairs @EU Parliament
        ECB's Enria @7th V-Conference on the IIF/Ctr for FinStudies Bankng Union
        Eurozone Oct CPI HICP
        ECB's McCaul panelist @7th IIF Online Banking Union Forum (11:30 cet)
Wed.       Nov 18 MBA weekly Mortgage Purchase/Refinance Applications (w/e 11/13)
US Oct Housing Starts/Building Permits
Bk of Canada's Wilkins speaks
Canada CPI/Core CPI
US Treasury Auctions $27B 20-year Bonds
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (w/e 11/13; 10:30am et)
NY Fed's Williams speaks @SABEW-20 Fall Focus on Future V-Conference (12:15pm)
BoE Gov Bailey fireside chat @Carnegie Institute for World Peace (16:30 bt)
Fed's Kaplan Global Perspective w/former TX House Rep Joe Strauss w/PBS's KERA (5pm)
    OVERNIGHT into US Thurs. a.m. et:
        Aussie Oct Unemployment Report/Change/Parto & Full-Time/Participation
        Swiss Oct Trade Balance, Q3 Industrial Production
        Indonesia Deposit/Lending/Interest Rate Decision
        APEC  Asia-Pacific Economic Cooperation Leaders V-Meeting
        ECB Pres Lagarde
statement as Chair of ESRB @EU Parliament Cmgte on ECON
        EU Council Video Conference
        Philippines Interest Rate Decision
        Eurozone Sept Current Account
        Spain Sept Trade Balance
        UK CBI Nov Industrial Order Trends
        South Africa Nov. Interest Rate & Prime Overdraft Rate Decision
Thurs.     Nov 19 US weekly Initial Jobless Claims/Continuing Claims
ECB's Lagarde
in conversation w/Editor-in-Chief of National Geographic to close 2020 Women's Forum Global V-Meeting (16:15 cet)
Fed's Kaplan (8:25am ct) + Fed's George (12:30pm ct) speak @Dallas + K.C. Feds Joint "Navigating the Changing Energy Landscape" V-Annual Energy Event
Philly Fed Nov Manufacturing Index
NAR Oct Existing home Sales
EIA weekly Natural Gas Report
K.C. Fed Nov. Manufacturing Index
Fed's Mester (8:30am + 12:35pm) & ECB's Schnabel (11am) speak @Cleveland FRB Financial Stability Conference: Stress, Contagion, Transmission (thru 20th)
US Treasury Auctions 4-, & 8-week Bills (values not announced at post)
Cato Institute 38th Annual Monetary Policy V-Conf: Digital Currency Risk or Promise?
FRB Consumer Payments Behavior in a Health Crisis: What Happened to Cash? (1pm)
US Treasury Auctions $12B 10-year TIPS
    OVERNIGHT into US Fri. a.m. et:
        Japan Oct CPI/Core CPI

        Singapore Q3 GDP
        UK GfK Nov Consumer Confidence
        Aussie Oct Retail Sales
        Japan Jibon Bank Nov Manufacturing/Services/Composite PMI
        People's Bk of China Nov Prime Loan Rate + House Pricess
        New Zealand Oct Credit Card Spending
        German Oct PPI
        UK Oct Public Sector Net Borrowing, Retail Sales
        Italy Sept Industrial Orders/Sales 
        India Fx Reserves
        Bundesbank Pres. Weidmann speaks @Frankfurt European Bankng-EBC V-Congress
        Canada Sept Retail Sales, Oct New Housing Price Index
        Russia Oct GDP, Unemployment Rate, Wage Growth, Retail Sales
        ECB's Lagarde, CEOs of BNP Paribas, DB, HSBC speak @Frankfurt European Banking V-Congress (9:15 cet  thru 20th)
        ECB's de Guindos panelist @Finance V-Forum "Outlook for Economy & Finance" via European House   (10:45 cet)
        Brazil Oct Federal Tax Revenue
Friday,    Nov 20 G20 Summit (Ryihad Saudi Arabia thru 22nd)
Breakfast w/(K.C.) Fed Economic Update (8am ct)
College Fed Challenge   (Team competition for college students)
Baker-Huhges weekly No. Am./US Total/Oil Rig Count (1pm et; w/e 11/13)
Sat.,        Nov 21
Sunday,   Nov 22     OVERNIGHT into US Mon. a.m. et:
        New Zealand Q3 Retail Sales
        Aussie Markit Nov Flash Manufacturing/Services/Composite PMI
        Indonesia Oct Motor Bike Sales
        Singapore Q3 GDP, Oct CPI
        Thailand Oct Trade Balance
        Taiwan Oct Unemployment Rate, Industrial Production, Retail Sales
        Eurozone, France, Germany, Markit flash Nov Mnftg/Services/Composite PMI
        UK Markit/CIPS Nov Mnftg/Services/Composite PMI

        ECB's pre-release of Financial Stability Review: Assessing Corp.Vulnerabilities
        ECB's Schnabel welcome @ECB Money Markets V-Conference (14:10 cet)
        ECB's McCaul panelist @Financial Regulatory Outlook V-Conference (15:00 cet)
Monday, Nov 23 Chicago Fed Oct Nat'l Activity Index
US Markit flash Mnftg/Services/Composite PMI
NY Fed Exec VP speaks @IIF--Institute for Int'l Finance Emerging Markets Central Banking Summit (10am est)
US Treasury Auctions $56B 2-year Notes & $51B 6-month Bills
S.F. FRB's Daly
in conversation w/Magic Johnson, Mayor K. Bottoms, + more
US Treasury Auctions $54B 3-month Bills & $57B 5-year Notes
Fed's Evans
discussion w/Abe Tubbs for the Iowa Bankers Ass'n Leaders (2pm ct)
Japan Workers Day Holiday
    OVERNIGHT into US Tues. a.m. et:
        RBA's Ass't Gov Debelle speaks
        German Q3 GDP
        French Q3 GDP
, Nov Business & Consumer Confidence
        Hong Kong Oct Trade Balance
        German IfO Nov Business Conditions/Expectations
        UK Nov Distributive Trades
        Mexico Oct Unemployment Rate/Change
        BoJ's Kuroda speaks @IMF/Unc of Tokyo V-Conference
        ECB's Bollo speaks @Working Grp FinServices organized by Kangaroo Group
Tuesday Nov 24 ECB's Schnabel speaks @Bk of Finland webinar "New challenges to monetary policy strategies" (14:15 cet)
ECB Pres Lagarde V-roundtable @U.N. Rebirthing the Global Economy to Deliver Sustainable Development (15:00 cet)
Redbook weekly store sales snapshot
US Sept FHFA House Price Index
S&P-Case/Shiller Sept 20-city House Price Index

Conference Board's Nov Consumer Confidence
Richmond Fed Nov Manufacturing Index
Fed's Bullard speaks
US Treasury Auctions $30B reopened 119-day & $30B reopened 42-day Bills
Fed's Williams discussion & Q&A @WSJ Newsmakers Live (noon est)
Fed V.Ch. Clarida (12:45pm et) on "The Federal Reserve's New Framework," BoC Dpty Gov Wilkins, ECB's Lane (18:45 cet), IMF's Mng Dir Georgieva speak @IMF Conf. on "New Policy Frameworks for a 'Lower for Longer' World"
US Treasury Auctions $24B reopened 2-year FRNs & $56B 7-year Notes
     OVERNIGHT into US Wed. a.m. et:
         RBNZ (New Zealand) Financial Stability Report
         Aussie Q3 Construction Work Completed
         Thailand Oct Industrial Production
         Swiss Nov ZEW Sentiment Index/Expectations
         ECB releases Financial Stability Review--Nov. 2020 (10:30 cet)
         'Monetary Developments in the Eurozone' Dataset Released (10:00 cet)
         France Oct Unemployment Claims/Total Jobseekers
         ECB's af Jochnick panelist @SAFE Frankfurt V-conference on "Impact of Covid-19 on bank capitalization & resolution" (12:15 cet, 11/25 local time)
         BoE's Saporta chat w/Huw Jones @Reuters Future of Insurance, Europe (11:40 bt)
         Mexico Sept Retail Sales
Wed.      Nov 25 MBA weekly US Purchase/Refinance Applications
Brazil Oct Current Account, Foreign Direct Investment
US weekly Initial Jobless Claims/Continuing Claims
US Oct Durable + Capital Goods Orders/Shipments
US Q3 (rev) GDP/CapEx/Household Consumption/PCE

US Q3 Corporate Profits
US Q3 ECI (Employment Cost Index)
US Oct Trade Balance
US Oct Wholesale & Retail Inventories

Mexico Q3 Current Account
U.M. Final Nov Consumer Sentiment/Expectations
US Oct New Home Sales
US Oct Personal Income/Spending/PCE

EIA weekly Petroleum/Gasoline/Distillates/Refineries Report(w/e 11/13; 10:30am et)
US Treasury Auctions 4-, & 8-week Bills (values not announced at post)
FOMC releases Nov 04--05 Meeting Minutes (2pm et)
   OVERNIGHT into US Thurs. a.m. et:
       New Zealand Oct Trade Balance
       Aussie Q3 Private CapEx
       South Korea Nov Interest Rate Decision
       Singapore Oct Industrial Production
       German GfK Dec Consumer Confidence
       Swiss Q3 non-Farm Payrolls
       Italy Oct Trade Balance
       Riksbank (Sweden) Interest Rate Decision/Monetary Policy Report, Oct Lending
       ECB Oct Loans to Companies & Households, M3 Money Supply
       UK Oct Car Production
       ECB's Lane speaks @V-event hosted by Trinity College Dublin (13:00 cet)
       Brazil Oct CAGED Net Payroll Jobs
       ECB publishes Account of MPC Meeting 10/28--29/2020 (13:30 cet)
Thurs.    Nov 26 US Thanksgiving Day Holiday--All US Markets Closed
Mexico Q3 GDP, Sept Economic Activity
Mexico Monetary Policy Meeting Minutes
Brazil Oct Net Payrolls
    OVERNIGHT into US Fri. a.m., et:
        Japan Nov Tokyo CPI, Foreign Stock & Bond Investments
        China Oct/YTD Industrial Profits
        UK Nov Nationwide Housing Prices

        Spain Oct Retail Sales
        Taiwan Q3 GDP
        ECB's Panetta, Bundesbank Pres Weidmann, Banca d'Italia Gov Visco all speak, and more @Deutsche Bundesbank's V-Conf. "Future Payments in Europe" (10:30 cet)
        ECB's Schnabel panelist @V-debate of Statistisches Bundesamt Wiesbaden in light of EU Council presidency (11:00 cet)
        Eurozone Nov Industrial/Services/Economic/Consumer Sentiment/Expectations
        Mexico Oct Trade Balance
Friday,   Nov 27 Brazil Oct Budget Balance, Unemployment Rate
Canada Sept Budget Balance
US Equity Markets Close 1pm
US Bond Markets Close 2pm
Black Friday
for Retailers--the day they're supposed to get into the black for the year
Black Friday postoned in some European Countries until 12/04, when latest andemic lockdown ends
Sat.        Nov 28
                                                     
       WEEKS AHEAD:
   11/30    OPEC 180th Meeting
                                        12/01    Chicago FRB Midwest Ag & Shifting Consumer Presferences
                                                      Evening with the (Richmond) Fed Education & Entrepreneurship in the Valley
                                         12/03     Richmond Fed V-Seminar on Climate Economics
                                                      S.F. Fed Carbon Pricing, Revenue, Recycling, & Leakage Protection
                                  12/10--12     Philly FRB Conf. on Urban & Regional Economics (CURE)
                                  12/15--16     FOMC 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).
               * HICP used in Europe, means Harmonized Index of Consumer Prices