wall street in advance

January/February 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 26 German Dec Retail Sales
Holidays in India & China
    OVERNIGHT into US Mon. a.m .et:
        UK Jan Nationwide House Price Index
        German Jan IFO Biz Assessment/Expectations, GfK Consumer Climate

         Brazil Dec Current Account, FDI, BCB Focus Market Readout
Monday,   Jan 27 US Dec New Home Sales   (10am et)
Dallas Fed Jan Manufacturing Activity  (10:30am et)
US Treasury Auctions $45B 3-, & $39B 6-month Bills (11:30am et)
US Treasury Auctions $40B 2- & $41B 5-year Notes (1pm et)
ECB's Mersch keynotes 60th anniversary of Luxembourg Ass'n of private investors
Holidays in China, Hong Kong, Singapore, Australia, South Korea
Fed's Wiliams keynotes NY Fed "Pitch Event for Investment Connection Program" for Puerto Rico (NY Fed thru 28th)
    OVERNIGHT into US Tues. a.m. et:
        Japan Corporate Services Price Index
        Aussie NAB Dec Business Survey/Conditions/Outlook
        Swiss Dec Trade Balance-Imports/Exports/Watch Exports (HK protests killing sales)
        Spain Q4 Unemployment Rate/Change
        UK CBI Jan Reported Sales/Total Distributed Reported Sales, Mortgage Approvals
        Russia Dec Unemployment Rate, Retail Sales
        ECB Banking Supervision Press Conference (11:00 cet, Frankfurt Germany)
        ECB's Lane panelist on "Fiscal Rules in Europe: Design & Enforcement @DG ECFIN Workshop (16:00 cet -Brussels, Belgium)
Tuesday,  Jan 28 US Dec Durable & Capital Goods Orders/Shipments
Redbook weekly store sales snapshot
S&P/Case Shiller Nov US 20-city Home Price Index
FOMC 2-day Meeting Starts

Conference Board's Jan Consumer Confidence/Expectations
Richmond Fed Jan Manufacturing & Services Indices
Dallas Jan Fed Survey
US Treasury Auctions $20 2-year FRNS & $26B 52-week Bills (11:30am et)
US Treasury Auctions $32B 7-year Notes (1pm et)
     OVERNIGHT into US Wed. a.m. et:
         BoJ Summary of Opinions
of Dec 20--21/2019 Mtg, Jan Consumer Confidence
         Aussie Q4 CPI
         UK BRC Jan Shop Price Index
         Spain Dec Retail Sales
         Swiss Jan ZEW Climate/Expectations
         Eurozone Dec Loans to non-Financial Corporations
Wed.         Jan 29 MBA weekly Mortgage/Refinance Applications (w/e 01/24/ 7am et)
US Dec (Adv) Trade Balance (8:30am et)
US Dec (P) Wholesale Inventories
US Dec Retail Inventories
NAR Dec Pending Home Sales
(10am et)
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (10:30am et/ w/e 01/24)
FOMC post-Meeting Statement Released (2pm et)
FOMC Chief Powell Press Conference (2:30pm et)

China Holiday
    OVERNIGHT into US Thurs. a.m. et:
        So. Korea Feb Manufacturing BSI Index
        New Zealand Dec Trade Balance
        UK Lloyds Jan Business Barometer
        Aussie Q4 Import/Export Price Index
        Moody's Rates German Sovereign Debt
BoJ Dpty Gov Amamiya speaks
        German Jan Unemployment Rate/Change
        UK Dec Consumer Credit, Mortgage Approvals
, Dec M4
        Eurozone Dec Unemployment Rate/Change, Jan Business/Consumer Climate
        German Q4 Import/Export Price Index, Jan CPI/HICP
        South Africa Dec Private Sector Credit
        Hong Kong Dec Trade Balance
       Italian Dec Unemployment Rate
        ECB's Enria
keynotes + panelist on "Single Rulebook & Single Supervision reaching maturity" @5th SSM & EBF Boardroom Dialogue (9:00 & 9:30 cet Frankfurt)
        Canada Jan CFIB Business Barometer
        BoE MPC post-Meeting Rate & Asset Purchase Target, Minutes (talk of future rate cuts  12:00 cet)
Thurs,      Jan 30 BoE Gov Carney post-Meeting Press Conference (his last)
US (Adv) Q4 GDP/Business Investment/PCE
   (8:30am et)
US weekly Jobless Claims/Continuing Claims
Federal Reserve Board Open Meeting to review Volcker Rule Changes (9:30am et)
EIA weekly Natural Gas Re;port  (w/e 01/24--10:30am et)
BoC's Beaudry  speaks (Quebec City)
NY Fed Inaugural "Workshop on Economic Inequality: A Policy Series" (3pm NY Fed)
    OVERNIGHT into US Fri. a.m. et:
        So Korea Dec Industrial Production, Service Sector Output, Retail Sales,
        Japan Dec Jobless Rate/Change/Job-to-Applicant Rate, Industrial Production, Retail Sales, Jan Tokyo CPI
        Aussie Dec Private Sector Credit, Housing Credit, Q4 PPI
        China Jan Mnftg/non-Mftf/Composite PMI, Dec Housing Starts, Construction Orders, Nov Vehicle Production, Retail Sales
        Singapore Dec Bank Lending, Q4 Unemplooyment, Business Expectations
        UK GfK Jan Consumer Confidence
        French Q4 (P) GDP, CPI, HICP
        Spain Q4 GDP, Dec CPI, HICP, Nov Current Account
        Swiss Dec Retail Sales
        German Dec Retail Sales
        Italian Q4 (P) GDP
       Eurozone Q4 (P) GDP, Jan CPI, HICP
        OPEC Monthly Crude Oil Production Stats

        India Deposit & Loan Growth, Dec Fiscal Deficit, Annual GDP, Infrastucture Output
        Brazil Dec Unemployment Rate, PPI, Budget Balance
        ECB's Panetta, Schnabel & Mersch participate in ceremony awarding Order of Merit of Federal Republic of Germany to Mario Draghi (12:00 cet Berlin Germany)
        So Africa Dec Trade Balance (incl Gold & Diamond Export)
        BoE Dec Money & Credit Report
Friday,     Jan 31 Canada Nov GDP, Dec IPPI, RMPI
US Dec Personal Income/Spending/PCE
Chicago Jan PMI
BREXIT  (11pm UK time)
U.M. Jan (F) Consumer Sentiment/Inflation Outlook
Canada Nov Budget Balance
Baker-Hughes weekly US/North American Rig Count (w/e 01/24; 1pm et)
Saturday, Feb 01
India Releases Budget
Sunday,    Feb 02 NASS--Nat'l Ass'n of Secretaries of State Meet  (D.C.)
    OVERNIGHT into US Mon. a.m. et:
         Aussie AiG Jan Performance of Mnftg Index, CBA Mnftg PMI. CoreLogic HPI, TD Securities Inflation, ANZ Job Ads, Dec Building Approvals
         So Kore aNikkei Jan Mnftg Index
         Japan Nikkei Jan Mnftg PMI
         China Dec/YTD Industrial Profits, Caixin Jan Mnftg PMI
         India Nikkei/Markit Mnftg PMI
         Japan Jan Vehicle Sales
         Aussie RBA Jan Commodity Index
         Swiss Jan Mnftg PMI, rocure.ch Jan PMI
         Hong Kong Q4 GDP
         Eurozone, France, Germany, Italy, Spain, Markit Jan Mnftg PMI

         Singapore Jan Mnftg PMI
         So. Africa Jan. Mnftg PMI, Total Vehicle Sales
         Wards US Jan 2020 Vehicle Sales
         Brazil Markit Jan Mnftg PMI
         UK Markit Jan Mnftg PMI
Monday,   Feb 03 Canada RBC Jan Mnftg PMI   (9:30am et)
US Markit Jan Manufacturing PMI (9:45am et)
US Jan ISM Manufacturing Index/Employment/Prices Paid/New Orders  (10am et)
US Dec Construction Spending
US Treasury Auctions $45B 3-, & $39B 6-month Bills  (11am)
ECB Chief Lagarde @New Year's Reception of Deutsche Borse AG (Eschborn DE 19:00 cet)
US Senior Loan Officer Survey (2pm et)
Brazil Jan Trade Balance
Fed's Bostic on Big Data, AI, Machine Learning (4pm et)
Iowa Democratic Presidential Caucus (evening)
Fed Gov Brainard on Payment Innovation @Symposium on the future of Payments (Stanford CA  4:10pm)
     OVERNIGHT into US Tues. a.m. et)
         New Zealand Dec Building Permits
         RBA MPC Announces Feb Target Cash Interest Rate
         French Dec Budget Balance
         Spain Unemployment Rate
         Hong Kong Dec Retail Sales
         Italy CPI/HICP
         Eurozone Dec PPI
         UK Markit/CIPS Jan Construction PMI
         Brazil Dec Industrial Production
Tuesday   Feb 04 US Dec (F) Durable/Capital Goods
Redbook weekly store sales snapshot
US Dec Factory Orders
Mexican Jan Mnftg PMI
Pres Trump State of the Union Address to Jt Session of Congress
    OVERNIGHT into US Wed. a.m. et:

         New Zealand QV Jan House Prices, Q4 Unemployment Rate/Change/Earnings/ Participation/Overtime/Part-/Full-time, ANZ Commodity Index, GlobalDairy Price Index
         Aussie CBA Jan Services/Composite PMI, AiG Jan Performance of Construction Index
         RBA Chart Pack Released
         Japan Jibun Bank Jan Services/Composite PMI
         Hong Kong Jan Mnftg PMI
         RBA Gov Lowe speaks (Sydney)
         BoJ's Wakatabe speaks (Ehine)
         China Jan Caixin Services/Composite PMI
         India Nikkei Jan Services PMI
         Swiss SECO Q1 Consumer Confidence
         So Africa Standard Bank Jan PMI
         Eurozone, France, Italy, Germany Markit Jan Services/Composite PMI
         ECB's de Guindos opens ECB Conference on "Marcoprudential stress testing & financial stability"
former FOMC Gov Kohn speaker (Frankfurt;  thru 6th; 9:10cet)
         UK Jan New Car Registrations Markit/CIPS Services/Composite PMI, Official Reserves
         ECB Eco Bulletin: Breaking the "chain effect" of tariffs--foregin trade zones in time of protectionism
         ECB pre-release Household wealth & consumption in euro area  (10:00 cet)
         Eurozone Dec Retail Sales
         ECB's Lane discusses "Berliner Gespach zum Finanplatz Frankfurt (Berlin DE)
Wed.        Feb 05 MBA weekly Mortgage/Refinance Applications (7am; w/e 01/31)
Brazil Markit Jan Services/Composite PMI
US ADP Jan Private-Sector Employment Estimates (8:15am et)
US Dec Trade Balance (8:30am et)
Canada Dec Int'l Merchandise Trade
US Jan Markit non-Manufacturing/Composite PMI
US Jan non-Manufacturing ISM Index
EIA weekly Petroleum/Gasoline.Distillates/Refinery Report
(10:30am et; w/e 01/31)
Bk of Canada's Wilkins speaks (Toronto 12:30 pm)
US Senate likely to vote to dismiss the Articles of Impeachment against Trump
Central Bank of Brazil MPC Interet Rate Decision, Fx Flows
    OVERNIGHT into US Thurs. a.m. et:
        Aussie Q4 NAB Business Confidence, Dec Trade Balance, Retail Sales

        BoJ's Masai speaks (Nara), Foreign Investments in Japanese Stocks/Bonds
        China Jan Trade Balance
        India Central Bank MPC Intereset Rate Decision/Reverse REPO Rate

        Swiss Q4 Real Estate Bubble Index
        German Dec. Factory Orders, Markit Jan Constrcution PMI
        ECB Chief Lagarde opens Qtrly ECON hearing before EU Parliament (Brussels)
        ECB's de Guindos @XXVIth Santander Iberian Conference (Madrid Spain)
        ECB Publishes Economic Bulletin/Economic Forecasts
Thurs.      Feb 06 US Challenger Jan Job Cuts
US weekly Initial Jobless Claims/Continuing Claims
US Q4 Non-Farm Productivity, Unit Labor Costs
EIA weekly Natural Gas Report  (10:30am;  w/e 01/31)
US Treasury Auctions 4-, & 8-week Bills  (value not announced at post)
Fed V.Ch. for Supervision Quarles on Monetary Policy & Eco Outlook   @NYU Money Marketeers (5:30pm et)
Holiday in New Zealand
   OVERNIGHT into US Fri. a.m. et:
      Aussie AiG Jan Performance of Service Index
      Japan Dec Labor Cash Earnings, Household Spending     
      RBNZ (New Zealand) Inflation Expectation
      Aussie Jan Foreign Reserves
      German Dec Industrial Production, Trade Balance, Current Account
      French Q4 non-Farm Payrolls, Dec Industrial Production/Trade Balance, Current Account
      UK Halifax Jan House Price Index
      Italy Dec Retail Sales
      Meixco Jan CPI
Friday,     Feb 07 US Jan Unemployment Rate/Change/Participation/Earnings/Secctor Breakdown
BLS issues Benchmark Revisions to the Unemployment Rates Previously Announced
Canada Jan Unemployment Rate/Change/Participation/Part-/Full-time
US Dec (F) Wholesale Inventories
Canada Ivey Jan PMI
Fed Submits July 2019 Monetary Policy Report to Senate Cmte on Banking, Housing, Urban Affairs & to House Cmte on FinServices (11am et)
Baker-Hughes weekly US/North American Rig Count (1pm et; w/e 01/31)
US Dec Consumer Credit (3pm et)
Democratic Presidential Candidates Debate (NH on ABC TV [DIS])
Saturday, Feb 08
          WEEKS AHEAD:
 02/11    MN Fed's Kashkari Town Hall (Kalispell)
                                          02/17    US Markets Closed for Washington's Birthday--Presidents' Day
                                          02/27    Chicago Fed's Bullard keynotes @GIC Member Event (Mexico City 11:30am et)
                                          03/04     ECB MPC Meeting + Press Conference
                                    03/17--18    FOMC Meets
                                    03/18--19    BoJ Meets
                                          03/26     BoE MPC 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