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 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
Sunday,      May 15 UK Rightmove May House Prices
Japan Corporate Goods April Price Index + March Loans & Discounts, & April (P) Machine Tool Orders
South Korea April Trade Balance (Imports/Exports)
    OVERNIGHT into US Mon. a.m. et:
         India April WPI Food, Fuel, & Manufacturing Inflation
Monday,    May 16 NY Fed Empire State Manufacturing Survey
NAHB May Housing Market Index
Treasury Auctions $31B 3-, & $26B 6-month Bills
US March TICs
BoC releases Biannual Publication on Economy & Central Bank
Fed's (#TBTF) Kashkari Town Hall meeting on "Ending Too Big to Fail" Former FOMC Chief Dr. Bernanke participates in panel "Enhancements/Alternatives to DFA Resolution" @MN Fed's "Ending Too Big To Fail" event (7pm Minneapolis)
    OVERNIGHT into US Tues. a.m. et:
          RBA May Mtg Minutes
(Tues local time), April Aussie Motor Vehicle Sales
          RBNZ (New Zealand) 2-yr Inflation Expectation
          Singapore APril Non-Oil Exports
          Japan Mar. (F) Industrial Production/Capacity Utilization
          Swiss April PPI
          Italian Mar. Trade Balance
          UK April CPI & Retail Price Index + PPI, & DCLG Mar. House Prices
          Eurozone Mar. Trade Balance
Tuesday,    May 17 US April CPI
US April Housing Starts/Building Permits
April US Industrial Production/Capacity Utilization
16Q1 eCommerce Sales

S.F. Fed's Williams & Atlanta Fed's Lockhart speak @Politico Event (noon et D.C.)
Dallas Fed's Kaplan Q&A & Media Briefing (Midland TX 1:15pm)
ECB Economist Praet panelist "Towards a cumulative impact assessment--Have the reforms been coherent, efficient & effetive in reaching policy objectives?" (ECB Brussels)
ECB's Nouy at "The Present & the Future of the Banking Sector" hosted by Portuguese Banking Ass'n & TVI (Lisbon)
Canada March Manufacturing Shipments
Redbook weekly Sales Snapshot
Kentucky Dem Primary, Oregon Primaries
     OVERNIGHT into US Wed. a.m. et:

          New Zealand Q1 PPI
          Japan 16Q1 (P) GDP, Deflator, CapEx, Private Consumption, Business Spending
          RBNZ Gov. Wheeler speaks (Hamilton NZ)
          RBA's Debelle speaks @RMB FX Forum
          China April Property Prices
          Aussie 16Q1 Wage Cost Index
          South Africa Apr. CPI
          UK April Unemployment Claimant Count/Change/Rate, Mar. Avg weekly Earnings, ILO Qtr Unemployment Rate
           Eurozone Apr. CPI
Wednesday, May 18 FOMC Minutes of April 26-27 Meeting  (2pm et)
MBA Mortgage/Refinance Apps
EIA
weekly Petroleum Stats
Atlanta Fed Business Inflation Expectations
ECB Governing Council meeting (not on rates-no PR expected)
Norges Bank Gov Olsen lecture "Monetary Policy then & now" (Stavanger Norway)
Norges Bk Investment Mngmnt Chief Slyngstad lecture "Oil fund--savings for future generations" (Stavanger Norwar)
South Africa Mar. Retail Sales
Canada Mar. Int'l Securities Transactions
    OVERNIGHT into US Thurs. a.m. et;
         South Korea Apr PPI
         Japan Q1 Housing Loans, Mar. Machine Orders +Apr. (F) Machine Tool Orders + Mar. All Industry Activity Index
         Aussie Apr. Unemployment Rate/Change/Participation Rate
         RBA April FX Transactions
         French Q1 Unemployment Rate
         Eurozone Mar. Current Account
         UK Apr. Retail Sales
, Mar. Construction Output
         China MNI May Business Indicator
Thursday,   May 19 Weekly US Jobless Claims
NY Fed's Wm Dudley
monthly report/briefing "U.S. Economy in a Snapshot" (NY)
Fed Gov. Fischer on "Interest & Prices--Patinkin & Woodford @NY Fed Reserve Bank Conference in honor of Michael Woodford's Contributions to Economics (9:15am et)
Philly Fed Business Outlook Survey
Chicago Fed Nat'l Activity Index
EIA weekly Natural Gas Report
US Treasury Refunding Announcement (11am et)
US Treasury Auctions Reopend $11B 10-year TIPS (1pm et)
Bk of Slovenia--IMF High Level Seminar on "Rethinking Monetary-Fiscal Policy Coordination" w/speakers: Slovenia Gov Jazbec, Nat'l Bk of Belgium Gov Mets, Bk of latvia Gov Rimsevices, IMF Dep'y Dir Ariccia, Danmarks Nationalbank Gov Rohde (to May 20th Portoroz)
Weekly US Fed Balance Sheet & Money Supply
ECB Minutes of May MPC Meeting
Canada Mar. Wholesale Sales
South Africa Interest Rate Decision
    OVERNIGHT into US Fri. a.m. et:
         New Zealand April Credit Card Spending
         Swiss April M3
         UK CBI May Total Orders & Selling Trends
         German Apr. PPI
         Eurozone Mar. Current Account & Net Investment Flow
         G7 FinMins & Central Bank Chiefs Meet (Sendai Japan thru 21st--Fri Local time)
Friday,        May 20 NAR April Existing Home Sales
Fed Gov Tarullo
on "Insurance Company Supervision & Regulation" @NAIC Int'l Insurance Forum (D.C. 9am et)
Baker-Hughes weekly US/North America Rig Count
(1pm et)
Canada Mar. Retail Sales, Apr. CPI, +BoC Aprl Core CPI
Saturday        May 21 G7 Meeting Wraps with Press Conference

       WEEKS AHEAD: 
05/23    St.Louis Fed's Bullard Beijing City Lecture on U.S. Economy & Monetary Policy @Official Monetary & Financial Institution Forum (Beijing China)
                                                   "An Evening with Federal Reserve Bk of Philly's Harker" on US Eco Outlook
                                       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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