wall street in advance

May 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 01 NY Fed's Wm. Dudley keynotes @Atlanta Fed Financial Markets Conference-- Getting a Grip on Liquidity: Markets, Institutions & Central Banks (Amelia Island FL 7:15pm et  See Monday for more)
Milken Institute Global Conference (Beverly Hills, CA thru 4th)
May Day Holiday in Asia, Russia, Singapore, & South Africa
    OVERNIGHT into US Mon. a.m. et:
          South Korea March Current Account +Nikkei Apr. Manufacturing PMI
          German March Retail Sales
          Aussie AIG April Performance of Manufacturing Index & CoreLogic RP House Prices, TD Securities Inflation, NAB Business Conditions, Commodity Index
          Japan Nikkei April (F) Manufacturing PMI, Official Reserves, Vehicle Sales
          India Nikkei Markit April Manufacturing PMI
          Swiss March Retail Sales & April SvME PMI         
          Markit Eurozone, German, Spain, Italian & France April Manufacturing PMI
Monday,     May 02 Fed's Lockhart speaks @Atlanta Fed Financial Markets Conference. Also speaking today, Oliver Wyman, AEP, Invesco, Pine River Cpaital Mngmnt, Investment Company Institute, Citadel Securities, BlackRock, FINRA, Deutsche Borse AG  (8:50am et)
US PMI & ISM April Manufacturing Indices-Employment, Orders
US March Construction Spending
US Treasury Auctions $28B in 3-, & $24B 6-month Bills
ECB Chief Draghi speaks at Asian Development Bank (10am et Frankfurt Germany)
SIFMA OPS 2016 Broader T-2 Trials? (Miami Beach FL thru 5th)
Canada RBC April Manufacturing PMI
Bundesbank Chief Weidmann speaks (Munich)
Asian Development Bank Annual Meeting (Frankfurt thru 5th)
SNB Chair Jordan & ECB's Lautenschlaeger speak @Financial Seminar on Challenges Posed by the Euro  (Lucerne Suisse)
Fed's Williams panel presentation: "Systemic Risk" Inevitable or Preventable?" @Milken Institute Global Conference  (Los Angeles 5:30pm et)
Brazil Markit April Manufacturing PMI + Trade Balance
Holiday in China, Hong Kong, Russia, UK, So. Africa
    OVERNIGHT into US Tues. a.m. et:
         South Korea April CPI & FX Reserves
        Aussie March Building & Private HouseAprpvoals
        China Caixin April PMI Manufacturing Index
        EU Commission Releases Economic Forecasts
        RBA (Aussie) MPC Interest Rate Decision
(Tues. local time)
        Russia Markit April Manufacturing PMI
        UK Markit April Manufacturing PMI
        Euozone March PPI
Tuesday,    May 03 April US Vehicle Sales
Fed's Dissenter, Mester, moderates a panel
on "Unconventional Wisdom: HOw Will Unusual Monetary Policy Affect Market Liquidity?"  @Fed Reserve Bk of Atlanta Financial Markets Conference: "Getting a Grip on Liquidity, Markets, Institutions, & Central Banks" (Amelia Island FL 10:30am et thru 3rd)
Fed's Lockhart speaks to Atlanta Fed Conference, along w/Tradeworx, Liquidnet, ECB (Jacksonville FL 7pm et)
Lockhart also speaks at World Affairs Council of Jacksonville (FL)
Redbook weekly Store Sales Snapshot
Indiana Presidential Caucus
EU President Tusk & Japan PM Abe press briefing @EU-Japan Summit (Brussels)
BoC's Poloz panelist @Milken Institute (Beverly Hills CA)
Brazil March Industrial Production
Singapore April Manufacturing PMI
    OVERNIGHT into US Wed. a.m. et:
         New Zealand Q1 Unemployment Rate/Change/Avg Earnings, April QV House & Commodity Prices
         China Caixan April Services PMI
         AIG Aussie April Performance of Service Index
         Markit Eurozone, German, Italy, Francc, Spain April PMI Services + Composite PMI
         French March Current Account & Trade Balance
         UK April Construction PMI
         Eurozone March Retail Sales
Wednesday, May 04 MBA weekly Mortgage/Refinance Applications
ADP April Private Sector Employment Report
Markit US April Services + Composite PMI
April Services PMI & ISM Indices
March US Factory Orders
US Treasury Refunding Announcement
March (F) Durable Goods Orders/Shipments
EIA weekly Petroleum Stats
US March Int'l Trade Balance
Canada March Int'l Trade Balance (Imports/Exports)
Brazil Markit April Services & Composite PMI
MN Fed's "#TBTF" Kashkari Town Hall (Rochester MN 5:30pm et)
ECB Governing Council meets with NO interest rate decision expected
Japan Holiday
    OVERNIGHT into US Thurs. a.m. et:
         UK BRC April Shop Price Index
         Aussie HIA March New Home Sales, Trade Balance, Retail Sales
         China Caixin April PMI Services & Composite PMI
         Hong Kong April Manufacturing PMI + March Retail Sales
         South Africa April Standard Bank PMI
         UK Halifax plc April House Prices
         ECB Publishes Economic Bulletin
         Markit Eurozone April Retail PMI
         UK April Official Reserves  + Markit/CIPS Services & Composite PMI
Thursday,   May 05 Monthly Chain Store Sales (all 9 that still report + some Qtr Sales)
Challenger US April Job Cuts
US weekly Initial Jobless Claims
EIA weekly Natural Gas In Storage
Fed's Bullard speaks on US Economy & Monetary Policy, and participates in panel @35th UCal Santa Barbara Economic Forecast Project County Summit
Fed's Kaplan & Lockhart on "Int'l Monetary Policy and Reform in Practice" panelists on Int'l Monetary Policy  @Hoover Institution "Int'l Monetary Stability-Past Present, & Future Policy" Conference  (Stanford Conference, Palo Alto CA)
Japan PM Press Briefing
(London, where a new Mayor will be elected today)
Holiday in Japan, South Korea & Switzerland
Russia Central Bank Reserves & April CPI
Brazil April Auto Production & Sales
     OVERNIGHT into US Fri. a.m. et:

          AIG Aussie April Perofrmance of Construction Index
          Japan April Monetary Base/Period End
          RBA (Aussie)  Monetary Policy Decision
          Japan Nikkei April Services & Composite PMI
          Chinese BoP Q1 (Prelim) Current Account Balance
          OECD Economic Outlook on Eurozone

          Aussie April FX
          Swiss April FX
          Markit German April Construction+ Retail PMI
          Spain March Industrial Production
          Hong Kong April FX
         UK April New Car Registrations
Friday,        May 06 US April Unemployment Rate/Change/Participation Rate
US Consumer Credit
(3pm et)
Canada April Unemployment Rate/Change/Participation
Canada Ivey April PMI Index
BoC Deputy Schembri panelist (Ottawa)
Baker-Hughes US/North American weekly Rig Count
Brazil April CPI
Saturday,   May 07 China April Trade Balance, (Imports/Exports) + FX Reserves
SALT Conference Begins--keynotes include Michael Bloomberg & former House Speaker John Boehner (Las Vegas)
America's Cup 2017 Preliminary races Hudson River NYC--1st time in almost 90 years. France, Britain, US Japan, New Zealand & Swedden
Sunday,      May 08 China April Foreign Direct Investment
CFA Institute 69th Annual Conference (Montreal thru 5/11)
    OVERNIGHT into US Mon. a.m. et:
         EU Commission Economic Forecasts

         Japan April Official Reserve Assets, March Labor & Real Cash Earnings
         German March Factory Orders
         South Africa April Foreign Reserves & Q1 Unemployment
         Swiss April CPI
         Eurozone May Sentix Investor Confidence
         Singapore Foreign Reserves
         BoJ March Meeting Minutes Released
         Chico Fed's Evans on current Eco Conditions & Monetary Policy on panel @CityWeek 2016: The International Financial Services Forum (London thru 11th)
Monday,     May 09 US April Labor Market Conditions/Change Index from Fed Reserve
Fed's  Kashkari speaks @Economic Club of Minnesota with media session (1pm)
TD Ameritrade IMX
US Treasury Auctions $31B  3-, & $26B 6-month Bills
Canada April Housing Starts
Former UK FSA Chief Adair speaks @UChicago Booth School Myron Scholes Global Markets Forum (Chicago)
USDA weekly Farm Report
Sec'y of State John Kerry visit to France & UK starts (4 days)
BoC Markets Chief Gravelle discusses Fixed Income Market Liquidity (Toronto @Canadian Ass'n for Business Economics)
EU Commission Emergency Meeting on Greek Austerity Measures
Robin Hood Foundation Annual Gala to benefit NYC Needy
Fed's Williams participates in a Quora Q&A "Writing Session" (San Francisco)
Philippines Presidential Election
    OVERNIGHT into US Tues. a.m. et:
         New Zealand April Card Spending, Truckometer & REINZ House Sales
         UK BRC April Like for Like Sales
         China April CPI & PPI, Aggregate Financing, Money Supply New Yuan Loans
         OECD EU Economic Outlook 
         Swiss April Unemployment Rate
        German March Industrial Production, Trade Balance, Current Account
        French Gov't March Budget Balance, Industrial Production Q2 Industrial Investments
        Italian March Industrial Production
        UK March Visible Trade Balance
        UK's Economic & Social Research Agency publishes Brexit Analysis
        BoE's Dep'y Gov Bailey panelist @European Bank for Reconstruction & Development Conference (London)
Tuesday,   May 10 May US NFIB Small Business Optimism Index
JOLTS-April Job Turnover & Quits
US March Wholesale Trade
US Treasury Auctions $24B 3-year Notes 
St. Louis Federal Reserve & USDA div. for Rural Development co-sponsor "The Future of Rural Communities" Policy Forum (Streamed live)
World Bank's Int'l Finance Corp Global Private Equity Conference (D.C. thru 11th)
ECB's Nowotny speaks (Vienna)
Redbook weekly Store Sales Snapshot
W. Virginia Primaries, Nebraska Republican Primary, & Wyoming Primaries
China April Foreign Direct Investment
    OVERNIGHT into US Wed. a.m. et:

         Japan April Foreign Reserves
         South Korea April Unemployment rate
         Thai MPC Interest Rate Decision
         Aussie March Home Loans, Investment Lending  & Value of all Loans
         UK March Industrial & Manufacturing Production
         Foreign Ministers of Russia, Ukraine, Germany & France meet on peace plan for eastern Ukraine (Berlin)
         Iceland Central Bank Rate Decision   (Reykjavik)
         Sweden's Riiksbank Gov Ingves speaks on "Monetary Policy & Money" (Stockholm)
Wed.         May 11 MBA weekly Mortgage/Refinance Applications
EIA weekly Petroleum Stats
US Treasury Auctions $23B 10-year Notes
US EIA presents Int'l Energy Outlook for 2016 @Center for Strategic & Int'l Studies (D.C. 9:30am et)
US Treasury Budget
BoC's Wilkins speaks on CFA Institute Panel (Montreal)
PJM Interconnection purchases power supply commitments for delivery 12 months beginning 06/01/19 (Audobon PA)
UK NIESR April GDP Estimate
Brazil March Retail Sales & Foreign Exchange Flows
West Virginia Primaries
Peru's Minister of Economy & Finance Segura opens the Int'l Org. of Securities Commission Conference (Lima thru 12th)
World Economic Forum on Africa opens (Kigali Rwanda thru 13th)
Brazil's Lower House votes on Impeaching Rousseff
UK's Osborne testimony at House of Commons on potential Brexit Premanent Economic Damage
    OVERNIGHT into US Thurs. a.m. et:
         South Korea April Export & Import Price Indices
         New Zealand April Performance of Manufacturing Index + Food Prices
         RBA's Edey speaks (Melbourne)
         UK RICS April House Price Balance
         Japan March Trade Balance & April Lending
& Foreign Investments
         Aussie Mar. Credit Card Purchase/Balances
         Russia March Trade Balance
         BoJ Dep'y Gov Nakaso speaks (Tokyo)
         Norway's Gov't Publishes Updated Growth Outlook & Estimate of Oil Revs
         French & Italian April CPI & HICP
         Eurozone March Industrial Production
         South Africa March Gold & Mining Production
         Norges Bank (Norway) MPC Rate Decision (Thurs. local time)
Thursday,  May 12 Weekly US Jobless Claims
US April Import/Export Prices
Fed's Mester speech on "Inflation Dynamics" @47th Konstanz Seminar on Monetary Theory & Monetary Policy  (11am et Reichenau Island, Germany)
Fed's Rosengren speaks on Economy related to NH @Chamber of Commerce (Concord NH 11:45am)
EIA weekly Natural Gas Report
US Treasury Auctions $15B 30-year Bonds (1pm et)
Fed's George speaks about the economy & policy (Alburquerque NM 2:15pm)
Fed weekly Balance Sheet & US Money Supply
Germany's Merkel, EU Pres Juncker, & Polish Foreign Minister panelists @"Europe in Crisis Mode" (Berlin)
UK PM Cameron hosts an anti-corruption summit (London)
ECB's Constancio on challenges for European Banking Industry (Madrid 12:40pm et)
BoE MPC Rate Decision/May Asset Purchase Target/Inflation Report/Minutes (7am et)
Mexico March Industrial Production
South Africa March Manufacturing Production
The Arab Economic Forum (Beirut Lebanon, crude prices & political instability topics)
India March Industrial & Manufacturing Production
Canada March New Housing Price Index & April Teranet/Nat'l Bank HPI
Russia Central Bank FX Reserves
    OVERNIGHT into US Fri. a.m. et:
         World Gold Council Q1 global demand report
(midnight NYC)
         New Zealand Q1 Retail Sales + Non-Resident Bond Hldgs
         South Korea MPC May Interest Rate Decision
         Singapore March Retail Sales
         BoJ Kuroda speaks (Tokyo) + Japan April M3
         Germany, & Spain April CPI & Q1 (Prelim) GDP
         Italian Q1 GDP
         Eurozone Q1 GDP
         EU 25 April New Car Registrations
         Eurozone Q1 (Prelim) GDP

Friday,      May 13 US April Retail Sales (Easter was 03/27 giving retailers an extra selling day in April, compared to year ago, Easter 04/05)
US April PPI-Final Demand
US March Business Inventories

U.M. Interim May Consumer Sentiment
US-Nordic Leaders Summit, D.C. brings leaders of Denmark, Finland, Iceland, Norway & Sweden to White House, followed by state dinner
Baker-Hughes US/No. American Rig Count (1pm et)
Americas Society/Council of the Americas 2016 LatAm Cities Conference (Mexico City)
Fed's Williams speaks on the economy with media mingling @Sacramento Economic Forum  (Sacramento CA 4pm et)
    OVERNIGHT into US Sat. a.m. et:
         BoJ's Kuroda
speaks @Jiji news agency event
Saturday,  May 14 China April Industrial Production, Retail Sales & Fixed Assets

       WEEKS AHEAD: 
05/16    Fed's (#TBTF) Kashkari Town Hall meeting on "Ending Too Big to Fail" Former FOMC Chief Bernanke participates in panel "Enhancements/Alternatives to DFA Resolution" @MN Fed's "Ending Too Big To Fail" event (Minneapolis)
                                       05/18   FOMC Minutes of April 26-27 Meeting
                                       06/01   Fed's Beige Book
                                 06/14-15    FOMC Meets, Updates Forecasts, Yellen Press Conference
                                      06/16    BoE Meets
                                                   SNB (Suisse) Meets
                                                   BoJ Meets

*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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