wall street in advance

June 2016 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:
Sunday,        May 29 US Memorial Day Weekend
German Chancellor Merkel & French Pres. Hollande commemorate the 100th Anniversary of the Battle of Verdun with speeches by both, EC Pres Juncker guest
100th Running of the Indy 500 (12:19pm race time for 200 lap contest)
Iran's Parliament picks the assembly's speaker w/Rouhani hoping Reza Aref wins
     OVERNIGHT into US Mon. a.m .et:
           UK May Nationwide House Prices

           So. Korea Jun. BSI Manufacturing Index
           Japan April Retail Trade
           Aussie HIA April New Home Sales, Q1 Biz Inventories, & Corp. Operating Profit
           Q1 French GDP & Apr. Consumer Spending
           Spanish May HICP
           Italian Apr. PPI
           German Apr. Import Price Index
           Eurozone May Economic, Consumer & Industrial Confidence 
           Fed's Bullard
speaks @Bk of Korea International Conference (20:35 et)
   
Monday,      May 30 US Markets are closed for Memorial Day
UK Markets Closed
German May CPI & HICP
German FinMin Schaeuble speaks on sustainable public finances (Berlin)
Israel's Coalition Gov't to be sworn in
Canada Q1 Current Account, Apr. Industrial Produce & Raw Materials Price Indices
    OVERNIGHT into US Tues. a.m. et:
         New Zealand Apr Building Permits, ANZ May Activity Outlook
         Japan Apr. Jobless Rate, Household Spending, Industrial Production
         Aussie Q1 Current Account Balance, Apr Building Approvals, Private Sector Credit
         So. Africa Apr. M3 Money Supply & Private Sector Credit
         German Apr Import Price Index & Retail Sales
         Spanish Mar. Current Account
         Japan Apr Vehicle Production, Housing Starts, Construction Orders
         German May Unemployment Rate/Change
         Italian Apr. Unemployment Rate, May CPI & HICP + Q1 GDP
         Hong Kong April Retail Sales & M3 Money Supply
         Bk of Italy Gov Visco releases Annual Report
         Eurozone April Unemployment Rate, May CPI
       
Tuesday,       May 3 April US Personal Income/Expenditures+ PCE
S&P Case Shiller March Home Price Index
May Chicago PMI
Conference Board's May Consumer Confidence
7th Clean Energy Ministerial (CEM7) w/US Enerngy Sec'y Munoz & energy ministers from 20 countries (San Francisco, follows Paris Climate Change talks last Dec.)
Brookings Institution panelists include UAE Ambassador to US Al Otaiba (9:30am et D.C.)
Dallas Fed May Manufacturing Survey + PCE
US Treasury Auctions $40B 4-wk Bills, $31B 3-, & $26B 6-month Bills
Russian Economy Minister Ulyukayev visits Munich & Stuttgart (thru 06/01)
USDA Farm Prices
India Q4 GDP/Annualized
So. Africa Apr. Trade balance
Canada Mar.+ Q1  GDP
Russian Anti-monopoly authorities discuss fines on Google (5pm et)
Brazil April Budget Balance & Debt:GDP Ratio
So. Korea May CPI & Aprl Current Account
    OVERNIGHT into US Wed. a.m. et:
         New Zealand Q1 Terms of Trade Index
         So. Korea May Trade Balance (Imports/Exports)
         UK BRC May Shop Price Index
         Aussie Q1 GDP &  May Performance of Manufacturing
         Japan Q1 Capital Spending, Corp. Sales/Profits, April Loans & Discounts, CoreLogic RP May House Price Data, Nikkei May Final Manufacturing PMI, May Vehicle Sales & Official Reserves
         New Zealand QV May House Prices
         Chinese May Manufacturing & Non-Manufacturing PMI +Caixin Version
         Aussie Q1 GDP & May RBA Commodity Index
         India Nikkei May Manfuacturing PMI
         Swiss Q1 GDP, April Retail Sales, & SVME May PMI
         Markit French, Italian, German May Manufacturing PMI
         UK BoE Apr. Net Consumer Credit, Net Lending on Dwellings, Mortgage Approvals, Nationwide May HPI,  M4 Money Supply +Markit May Manufacutring PMI
         Russia May Markit Manufacturing PMI
         OECD EU Economic Outlook
Wednesday, June 01 US May Motor Vehicle Sales (OR THURSDAY???)
ADP May Employment Report
Fed's Beige Book (2pm et)
MBA weekly Mortgage/Refinance Applications
US Markit May Manufacturing PMI
US May ISM Manufacturing Index/Prices Paid/New Orders
US April Construciton Spending
Brazil Q1 GDP & Markit May Manufacturing PMI
Canada RBC Canadian Manufacturing PMI
    OVERNIGHT into US Thurs. a.m. et:
         Japan May Monetary Base
         Aussie April Trade Balance (Imports/Exports) & Retail Sales
         BoJ's Sato speaks (Kushiro)
         Japan May Consumer Confidence Index & Manfuacturing PMI
         So. Korea Q1 GDP
         Russia Centra Bank Reserves
         UK Markit/CIPS May Construction PMI
         Eurozone April PPI
Thursday,     June 02 Fed Gov. Powell keynote on "A Perspective on the State of Prudential Regulation: opens @SIFMA Prudential Regulation Conference (D.C.)
OPEC 169th (Ordinary) Meeting (Vienna Austria)
Alphabet Exec Chair Eric Schmidt moderated by Charlie Rose @Economic Club of NY
Challenger May US Job-Cuts
US weekly Jobless Claims
May Chain Store Sales (9 still report)
ECB MPC Interest Rate Decision /Deposit Facility Rate, June QE Target (Viena)
EIA weekly Natural Gas Report (10:30am et)
EIA weekly Petroleum Report (11am et delayed by Mon. holiday)
UK PM Cameron discusses Britain-EU answering journalist & public's questions (Sky News TV 1500 EDT)
Dallas Fed's Kaplan speaks @ Carroll School of Management @Boston College
US Treasury Refunding Announcement
Brazil Apr. Industrial Production
Singapore May Manufaturing PMI
Fed's Kaplan Q&A @Babson College (Boston MA 1pm et)
Weekly Fed Balance Sheet & US Money Supply
    OVERNIGHT into US Fri. a.m. et:
         Wroclaw Global Forum w/NATO, Polish Central Bk Pres Belka (Thru 06/03)
         New Zealand Q1 Value of All Buildings & May ANZ Commodity PRice
         Aussie May AIG Performance of Service Index
         China Caixin May PMI Services/Composite PMI
         Russia Markit May Services PMI
         Hong Kong May Manufacturing PMI
         Japan Nikkei May Services/Composite PMI
         South Africa Standard Bank May PMI
         Markit Eurozone, Italy, France, Germany May (F) Services/Composite PMI
         UK Markit/CIPS Services PMI
         Eurozone Apr Retail sales
         Chico Fed's Evans discussion of monetary policy divergence between FOMC/ECB and the future of positive rates, with media @Global Interdependence Center Central Banking Series Event (London 3:45am et)
         Swedish Central Bk Gov. Ingves opens, Cleveland Fed's Mester speaks on financial stability @Sveriges Riksbank Conference: "Rethinking the Central Bank's Mandate" Dep'y Gov Jansson speech "From 500 per cent interest rate to negative interest rate. Just how effective is monetary policy and what risks does it give rise to?" (Stockholm thru 06/04)
Friday,         June 03 US May Unemployment Report/Avg Hourly Earnings/Participation (+160k jobs expected)
Fed Gov. Brainard on economic outlook & monetary policy @Council on Foreign Relations (D.C.)
US April Int'l Trade Deficit
US May PMI Services Index
US April Factory Orders
April (F) Durables Good Orders/Shipments
US May ISM Services Index
Baker-Hughes US/No. Am. Rig Count (1pm et)
Sec'y of State Kerry & Foreign Minister from 20 Nations meet to discuss Israeli-Palenstinian peace process (Paris France)
UK Justice Secy Gove, a supporter of exiting the UE, makes his case on Sky TV (15:300 et)
Canada Q1 Labor Productivity, Apr. Int'l Merchandise Trade Balance
Markit Brazil May Services/Composite PMI
15th ShangriLa Dialogue opens with keynote from Thai PM Chan-Ocha, South China Sea dispute likely to dominate (Singapore)
Saturday      June 04 Fed's Mester panelist "Links between Macro Stability & Financial Stability" @Riksbank Conference "Rethinking the Central Bank's Mandate"
Hong Kong Commemorates the 1989 Tiananmen Square massacre, an obvious provocation to Chinese leaders (6pm et Hong Kong
BoC Gov Poloz lectures at Canadian Economics Association +Presser (Ottawa)
Sunday,       June 05     OVERNIGHT into US Mon. a.m. et:
         Aussie May TD Securities Inflation Gauge+May ANZ Job Ads
         German April Factory Orders, Markit May Construction PMI
         Fed's Rosengren a panelist on "US & ECB QE with Response Panel" @Global Interdependence Center Central Banking Series (Helsinki 2:15am et)
        UK May New Car Registrations
        ECB's Nowotny presents Austrian Economic Outlook
        ECB's V.P. Constancio speaks @ESRB int'l Conference on Macro Prudential use of Margins & Haircuts (Frankfurt)
        Markit German, Eurozone, France & Italy May Retail PMI
        Eurozone June Sentix Investor Confidence
Monday,     June 06 FOMC Chief Yellen speaks @World Affairs Council of Philadelphia (12:30p et)
US Treasury Auctions $31B 3-, & $26B 6-month Bills
8th China-US Strategic & Economic Dialogue & 7th China-US High-LEvel Consultation on People-people Exchange (Beijing thru 7th)
TD Ameritrade IMX
FOMC Chief Yellen & Philly Fed's Harker roundtable panelists @West Philly Skills Initiative (2pm et)
Fed's May LMCI-Labor Market Conditions Index
Brazil May Auto Production/Sales
    OVERNIGHT into US Tues a.m. et;
         UK BRC May Like-for-Like Sales
         Japan May Official Reserve Assets
         RBA (Aussie) MPC Rate Decision
& May FX Reserves (Tues. local time)
         China May Foreign Reserves 
         India MPC Rate Decision/Reverse REPO Rate
         German April Industrial Production
         French April Current Account, Gov't Budget Balance, Trade Balance
         Spanish April Industrial Production
         Hong Kong & Singapore MAy Foreign Reserves
         Swiss May Currency Reserves
         UK Halifax plc May House Prices
         Eurozone 16Q1 GDP, Fixed Capital, Gov't Expenditure, Household Consumption
         South Africa Q1 GDP
Tuesday,     June 07 US 16Q1 Productivity & Costs
Redbook weekly store snapshot
US Treasury Auctions $24B 3-year Notes
US April Consumer Credit (3pm et)
ECB publishes 2016 convergence report
ECB's Makuch
speaks (Bratislava)
Canada May Ivey Purchasing Managers Index
ECB's Knot speaks @Dutch Parliament
ECB's Villeroy de Galhau & Mersch speak @"Financial Stability in a Digital World" (Paris)
Presidential Primaries in California, MN, NJ, NM, ND (Dems Only), & SD
    OVERNIGHT into US Wed. a.m. et:
         New Zealand Q1 Manufacturing Activity
         Japan 16Q1 GDP, Private Consumption, April Current Account, Trade Balance, May Bank Lending, Capital Expenditures
         Aussie April Home Loans, Investment Lending, Value of All Loans
         Chinese May Trade Balance (Imports/Exports), Foreign Direct Investment
         Japan May Bankruptcies
         Swiss May CPI
         UK April Manufacturing & Industrial Production    
        
Wed.           June 08 MBA weekly Mortgage/Refinance Applications
US JOLTS (Job Turnover & Quits 10am et)
US 16Q1 Quarterly Services Survey
EIA weekly Petroleum Stats
US Treasury Auctions $20B reopened 10-year Notes
(1pm et) [
Brazil MPC Interest Rate Decision
Canada FinMin Morneau keynote @The Economic Summit on Innovation (Toronto)
    OVERNIGHT into US Thurs. a.m. et:
         Japan April Machine + Machine Tool Orders & Money Stock
         UK RICS May House Price Balance
         BoJ's Nakaso
speaks (Akita)
         Swiss May Unemployment Rate
         South Korea MPC June Interest Rate Decision
         China May CPI & PPI
         Reserve Bk of New Zealand MPC Rate Decision  (Thurs. local time)
         German April Trade Balance (Imports/Exports), Current Account, Q1 Labor Costs
         ECB's Draghi, ECB's Villeroy, European Stability Mechanism's Regling speakers/ panelists @ Brussels Economic Forum (Brussels)
         UK April Visible Trade Balance       
         South Africa April Gold/Mining Production
         
Thursday,   June 09 Weekly US Jobless Claims
US April Manufacturers' Inventories & Sales
EIA weekly Natural Gas Report
US Treasury Auctions $12B reopened 30-year Bonds
ECB Chief Draghi
speaks @Brussels Economic Forum 2016
Canada May Housing Starts, April Building Permits
BoC's Poloz & Sr Dep'y Gov Wikins press conference after release of Developments in the Financial System Review  (Ottawa)
Q1 Change in US Householde Net Worth
Canada April New Housing Price Index, Q1 Capacity Utilization (don't forget oil Sands Fires were May)
Russia Central Bank Reserves
Weekly Fed Balance Sheet & US Money Supply
Hong Kong & China Holidays
    OVERNIGHT into US Fri. a.m. et:
         New Zealand May Card Spending
         Japan May Domestic Corporate Goods Price Index & April Tertiary Industry Index, & May PPI
         Russia Central Bank MPC June Interest Rate Decision
         China Money Supply, New Yuan Loans & Aggregate Financing
         New Zealand REINZ May House Sales
         German May CPI, HICP, WPI
         French & Italian April Industrial Production
         India Industrial Production, Manufacturing Output
         UK April Construction Output
         BoE/TNS May Inflation Expected over next 12 months
Friday,        June 10 U.M. Preliminary June Consumer Sentiment
Baker-Hughes weekly US/North American Rig Count
US Treasury Monthly Budget
ECB's Constancio, Wedimann, & Lane speak at Bundesbank Conference (Eltville am Rhine)
Canada May Unemployment Rate/Change/ Participation/Part-time (could see negative pressure from oil sands fires)
Saturday,     June 11 Belmont Stakes (NY, though not Triple Crown possible this year)

       WEEKS AHEAD:    06/14-15
   FOMC Meets, Updates Forecasts, Yellen Press Conference
                                             06/16     BoE Meets
                                                           SNB (Suisse) Meets
                                                           BoJ Meets
                                             06/23     UK Votes on Referendum to Exit the EU--aka Brexit

*FOMC 2016 Voting Members:  Five governors on the FOMC are permanent voters: Janet Yellen, Stanley Fischer, Lael Brainard, Jay Powell and Dan Tarullo.vote at every meeting. (Board Governors endure 2 vacancies that Senate refuses to confirm). Like the NY Fed pres. is, also, a permanent FOMC voting member. The rest of the voters, in 2016, are 5 of the 11 regional Fed Pres.: Loretta Mester (Cleveland), Eric Rosengren (Boston), James Bullard (St. Louis) and Esther George (Kansas City). Mester, George and Bullard are hawks, while Rosengren is considered a dove. Evans, Lockhart, Williams, and Lacker were 2015 voters, now off the voting panel at 2016 FOMC meetings. Neel Kashkari, former TARP overseer, took over Presidency of the Minneapolis Federal Reserve Bank, replacing Kocherlakota, who wound up a short-lived leader. Kashkari won't vote in 2016 but will stick to his "Too Big .to Fail" mantra on banks
                     

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