wall street in advance

September 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,      Sept. 18 Russian Elections to Duma
German REgional Elections 
French Nat'l Front leader Marine Le Pen ends 2-day party meeting with speeach (9:15a,m. et)
    OVERNIGHT into US Mon. a.m. et:
         UK Rightmove Sept House Prices
         China Aug. Property Prices

         Eurozone July Current Account, Construction Output
         Hong Kong Aug. Unemployment Rate
Monday,     Sept. 19 NAHB Sept Housng Market Index
S&P introduces the REIT Index--an 11th Sector Index
US Treasury Auctions $40B 3-, & $36B 6-month Bills

BoE Results of Bond-buying Operations
Clinton Global Initiative Annual Meeting (NY thru 21st)
BoC's Gravelle lecture on Negative Rates
Climate Week NYC boasts US Energy Sec'y Moniz (NY thru 25th)
Russia Aug Unemployment Rate & Retail Sales
FT "Investing in the New Argentina," (NY)
Japanese Holiday
    OVERNIGHT into US Tues. a.m. et:
         RBA (Aussie) Sept MPC Meeting Minutes,
Q2 House Price Index
         Swiss Aug. Trade Balance & SECO Sept Economic Forecasts + M3
         BoE Results of Indexed Long-Term Report Operations
Tuesday,    Sept. 20 FOMC 2-day Meeting begins
Aug. US Housing Starts/Building Permits

Redbook weekly Store Sales Snapshot
Pres Obama, UK PM May, French Pres Hollande, & Greek PM Tsipras speak at the U.N. Leaders' Summit on Refugees
BoC's Poloz speaks & press conference (Quebec City)
Wells Fargo (WFC) CEO Stumpf testifies @US Senate on fake accounts
EU Ministers meet to prepare for their Oct summit (Brussels)
Syngenta (SYT) CEO, Bayer CropScience CEO, & Monsanto (MON) CTO testify on competition in seed & agrochemical industry at US Senate Judiciary Cmte
    OVERNIGHT into US Wed. a.m. et:
         New Zealand Aug. Visitor Arrivals & Migration & Card Spending
         South Korea Aug PPI
         Japan Aug Trade Balance, (F) Machne Tool Orders, Dept Store Sales,
         BoJ MPC Meeting Statement, QE update (09/21 local time)
         South Africa Aug CPI
         BoJ Gov. Kuroda Press Conference (09/21 local time)
         UK Aug. Central Gov't NCR, Public Sector Borrowing
         BoE Quarterly Bulletin
Wed.,         Sept. 21 FOMC Post-Meeting Statement & Updated Forecasts (2pm et)
FOMC Chief Yellen's Press Conference (2:30pm et)
EIA weekly Petroleum Stats

MBA Mortgage/Refinance Applications
U.S.-Africa Business Forum with Michael Bloomberg, Pres Obama, US Sec'y of Commerce Pritzker @ U.N. General Assembly (NY)
Mylan (MYL) CEO Bresch before US House Cmte on Oversight EpiPen price increases
Canada July Wholesale Sales
    OVERNIGHT into US Thurs. a.m. et:
          RBNZ (New Zealand) MPC Rate Decision  (9/22 local time)
          ECB Econonic Bulletin Published
          Norges Bank (Norway) MPC Rate Decision, also Central Banks of Philippines, Indonesia, South Africa, Turkey & Egypt   (9/22 local time)
          UK CBI Sept Total Order Trends/Selling Prices
Thursday,  Sept. 22 Weekly US Jobless Claims
Chicago Fed National Activity Index
July FHFA House Price Index
US Aug. Existing Home Sales
EIA weekly Natural Gas Report
US Treasury Auctions reopened $11B 10-year TIPS
ECB's Draghi opens the European Systemic Risk Board Conference w/BoE's Cunliffe, Bk of Ireland's Lane, Sveriges Riksbank, ECB's Constancio, BIS, Banque de France, LCH Clearnet, Banco de Espana, and others (Frankfurt thru 23rd)
K.C. Fed Sept Manufacturing Activity
BoE Gov Carney speaks on climate change impact on financial market stability--the Arthur Burns Memorial Lecture @Atlantik-Brucke (Berlin 1pm edt)
Bk of Italy Gov Visco hosts the Offical Monetary & Financial Institutions Forum- OMFIF on EU Economic Governance & Constrution of Capital Markets Union (Rome thru 23rd)
ECB Publishes results of its last TLTRO 
US Treasury Refunding Announcement
South Africa MPC Rate Decision (current 7.0)%
Brazil Foreign Exchange Flows
Eurozone Sept Consumer Confidence
Ken Rogoff speaks at SNB Research Conference -New Perspectives on the role, instruments & effects of Monetary Policy  (Zurich thru 24th)
Weekly Fed Balance Sheet & US Money Suppy
   OVERNIGHT into US Fri. a.m. et:
         Nikkei Japan Sept (Prel) Manufacturing PMI + July All Industry Activity
         French Q2 GDP, & Markit Sept Manufacutring, Services & Composite PMI
         German & Eurozone Sept Markit Manufacturing, Services & Composite (Prelim)  PMI
Friday,      Sept. 23 Markit Sept Flash Manufacturing PMI
Atlanta Fed Business Inflation Expectations
Canada July Retail Sales, Aug CPI
Fed Pres.' Harker, Lockhart, & Mester panelists on "Presidents' Perspectives" @'Fed'd Role in Communities' (Philly Fed  noon et)
Moscow Financial Forum 2016
Baker-Hughes weekly US/North American Rig Count (1pm et)
Saturday,  Sept. 24 Smithsonian's Grand Opening of the Nat'l Museum of African American History & Culture (D.C.)
German Aug Import Price Index
Germany's Merkel, Greece's Tsipras, Austria's Kern & leaders of Southeast European countries meet to discuss ways to control migration into the EU (Vienna)
South Africa Holiday
Convention on Int'l Trade in Endangered Species of Wild Fauna & Flora--CITES-- (Joahannesburg thru 10/05)
Sunday,     Sept. 25 U.N. Wraps up its 71st Annual General Meeting but Sec'y Gen Ki-moon meets with Cyrpus Pres Anastasiades & Turkish Cypriot leader Akinei to discuss Cypriot reunification (NY)
Spanish Elections in Basque & Galician regions give hope for a break in the deadlock forming a nat'l gov't (Polls close 2pm et, results hoped for at 4pm et)
    OVERNIGHT into US Mon. a.m. et:
          New Zealand Aug Trade Balance
          Singapore Aug Industrial Production
          BoJ Kuroda speaks (Osaka) & Releases Flow of Funds
          German IFO Sept. Business Climate, Assessment], Expectations
          UK BBA Aug. Loans for House Purchases, CBI Total Reported Sales
          SNB's Jordan speaks @Sibos Financial Conference (Geneva thru 29th)
Monday,    Sept. 26 Fed's Kashkari opens the 4th Symposium on ending "Too Big To Fail" (Minneapolis 9:30am)
US Aug. New Home Sales
Dallas Fed Aug. Manufacturing Survey
SIFMA Annual Capital Markets Forum opens w/Goldman Sach's Chief of Staff & SIFMA Pres/CEO Bentsen, then Twitter & SquareCEO Jack Dorsey (D.C. thru 27th)
ECB's Draghi speaks @Qtrly hearing of the EU Parliament's Cmte on Economic & Monetary Affairs (Brussels 10am et)
Brazil Aug Current Account & Foreign Direct Investment
IAEA-Int'l Atomic Energy Agency general conference discusses Iran nuclear deal (Vienna thru 30th)
ECB's Mersch keynote @Sibos Financial Conference (4:15pm et, Geneva thru 29th)
US Treas. Sec'y Lew travels to Argentina, Brazil, Colombia & Mexico for meetings to promote economic growth & combat money laundering (thru 29th)
BoE Releases Results of Bond-buying Ops
US Treasury Auctions $40B 3-, & $36B 6-month Bills (11:30am et)
ECB's Nowotny panelist on Banking
Argentina's Central Bank Pres Stuzenegger presents the country's 2017 inflation target at a press conference (Buenos Aires)
US Treasury Auctions $26B 2-year Notes (1pm et)
Fed's Kaplan participant in Q&A @Independent Bankers Ass'n of TX Annual (San Antonio TX 1:30pm et)
Fed Gov. Tarullo speech "Next Steps in the Evolution of Stress Testing" @Yale School of Mnmgnt Leaders Forum (11:45am et)
US Presidential Candidates Debate (9pm et Hofstra U, Hempstead NY)
OPEC & non-OPEC Producers discuss production caps @The Int'l Energy Forum (Algeria thru 28th)
     OVERNIGHT into US Tues. a.m. et:
          BoC's Poloz lectures at Western Washington Univ. (Bellingham WA 7pm et)
          Japan Corporate Service Prices
          BoJ Minutes of July 28/29 Meeting
          Chna Aug Industrial Profits 
          German Aug. Retail Sales & Import Price Index
          Italian July Industrial New Orders/Sales
          Eurozone Aug. M3 & Private Sector Loans
          Hong Kong Aug Imports/Exports
          BoE Results of Indexed Long-term Report Ops & CBI Sept Retail Reported Sales
Tuesday,   Sept. 27 Fed Vice Chair Fischer speech "Why Study Economics?" @Howard U Economic Convocation (11:15am et) (It's a question many ask!)
S&P/Shiller/CoreLogic July Home Price Index
Redbook weekly Store Sales Snapshot
Markit US Sept Flash Serivces + Composite PMI
Former US Treas. Sec'y Hank Paulson Jr & former UK Chancellor of the Exchequer converse on global regulatory, political & economic outlook @SIFMA Annual Markets Conference (D.C. 7:45am et)
SEC Chair White speaks at SIFMA Annual Markets Conference (D.C. 9am et), CFTC Chair Massad (9:45am et), Congressman Jeb Hensarling, Chair House Financial services Cmte (12:40am et), Financial Stability Oversight (FSOC) Board Dpty Ass't Sec'y panel + EU Financial Stability Board's Sec'y Gen Andresen panelists (1:30pm et), CEO's of KCG, NASDAQ, Invesco, & Stifel Financial panelists on Industry Executive Outlook (4pm et)
Italy Releases its 2017 Budget Forecasts (Rome Italy)
US Treasury Auctions $34B 5-year Notes
Conference Board's Sept Consumer Confidence
Richmond Fed Sept. Manufacturing Index
    OVERNIGHT into US Wed. a.m. et:
         RBA's Edey speaks (Melbourne)
         UK Sept Nationwide House Prices
         German Oct GfK Consumer Confidence
         Italian Aug Wage Inflation
         ECB's Hansson speaks on outlook for euro area, Estonia in 2017
         ECB's Draghi welcome address @1st ECB Annual Research Conference (5am et  Frankfurt Germany thru 29th )
Wed.         Sept. 28 FOMC Chief Yellen testifies @US House Cmte on Financial Services (10am et)
US Aug. Durable Goods Orders/Shipments
Fed's Kashkari Q&A @Institutional Investor Conference (Minneapolis 8:45am)
US Weekly Mortgage/Refinance Applications 
EIA weekly Petroleum Stats
ECB's Draghi @German Parliament's EU Committee, then press event (11am et)
FPA--Foreign Policy Ass'n World Leadership Forum "Forging Ahead: Economic Challenges for the Next President" w/Marc Chandler, Sheila Bair, Joseph Stiglitz, Melinda Gates & MS' Ellen Zenter
Ivy Zelman speaks @ HIVE Housing Conference (Los Angeles thru 28th)
Brazil Aug Bank Lending & Foreign Exchange Flows
IMF Mng Dir Lagarde lectures at N.W Univ. Kellog School of Mnmgnt (9:30am et)
US Treasury Auctions$13B reopened 2-year FRN Notes (11:30am et)
US Treasury Auctions $28B 7-year Notes (1pm et)
Fed's Bullard welcome @St Louis Fed Reserve's "Community Banking in the 21st Century Conference" (10:15a et) +  Chico Fed's Evans also speaks (1:30pm)
Fed's Mester (dissenter) speaks on Eco Outlook & Monetary Policy +Q&A  (Cleveland OH 4:35pm)
Fed's George (dissenter) keynotes the K.C. Fed Reserve Forum for Minority Bankers (K.C. 7:15pm)
    OVERNIGHT into US Thurs. a.m. et:
         Japan Aug Retail Sales
         South Africa Aug Private Sector Credit  
         Aussie Aug Job Vacancies
         Canada CFIB Sept Business Barometer
         Spain Sept CPI & HICP +Aug. Retail Sales
         German Sept Unemployment Rate/Change +CPI & HICP
         Bk of Finalnd Gov. Liikanen Briefing on Monetary Policy
         UK Aug Consumer Credit, Dwelling Loans, Mortgage Approvals + M4
         Eurozone Sept Economic/Business/Industrial/Services + Consumer Confidence
         South Africa Aug PPI
         Fed's Harker speaks w/Q&A @Global Interdependence Center's Central Banking Series (Dublin Ireland 5am et)
Thursday,  Sept. 29 US Final Q2 GDP +PCE
US Aug. Int'l Trade Deficit
Q2 (F) Corporate Profits
US weekly Jobless Claims
BoJ Releases monthly statement detailing bond buying (5pm Japan time)
Wells Fargo's (WFC) CEO Stumpf @US House Financial Services Cmte hearing titled: "Holding Wall Street Accountable: Investigating Wells Fargo's Opening of Unauthorized Customer Accounts" (10am et)
US Aug. (Prelim) Wholesale Inventories
Fed's Lockhart speaks @Future of Florida Forum w/Q&A (Orlando 8:50am et)
Fed Gov. Powell "Trends in Community Bank Performance Over the Pasat 20 Years" @4th Community Banking Research & Policy Conference @St Louis Fec (10am et St. Louis MO)
NAR Aug. Pending Home Sales Index
German Sept CPI
ECB 1st Annual Research Conference features Panel on "Monetary Policy & Financial Stability in a Low Interest Rate Environment" w/ECB's Constancio, Fed Reserve Bk of NY, Nat'l Bk of Belgium, BoE, and others.
EIA weekly Natural Gas Report
FCC could vote to free set-top boxes from providers' stanglehold
USDA Farm Prices
FOMC Chief Yellen "Conversation with conference participants" via video link to K.C. Fed Reserve Bk Conference on Banking & the Economy: Forum for Minority Bankers (Kansas City MO 4pm et)
US Weekly Money Supply & Fed Balance Sheet
    OVERNIGHT into US Fri. a.m. et:
          New Zealand Aug Building Consents &  Sept Business Confidence & Activity Outlook
          South Korea Aug Industrial Production & Service Sector Output +Nikkei Sept Mnftg PMI  
          UK Sept GfK Consumer Confidence & Lloyds Business Barometer
          Japan Aug. Jobless Rate, Household Spending, CPI, Industrial Production
          BoJ Summary of Opinions at Sept 20/21 Meeting
          Aussie HIA Aug. New Home Sales & Housing + Private Sector Credit
          China Sept Official Manufacturing & Non-Manufacturing PMI + Caixan Mnftg & Services PMI
          South Africa Aug Private Sector Credit
          Singapore Aug Bank Lending
          China BoP Q2 (F) Current Account Balance
          Japan Housing Starts, Construction Orders
          German Aug Retail Sales
          French Aug PPI & Sept CPI
          Spain July Current Account
          Italian Aug Unemployment Rate & PPI, + Sept CPI & HICP
          UK Q2 GDP & Current Account + Total Business Investment & July Index of Services
          Eurozone Aug Unemployment Rate, CPI
Friday,        Sept. 30 US Aug Personal Income/Spending +PCE
US Treasury Budget Expires at Midnight unless Congress passes a budget bill of some kind--Continuing Resolution to Fund the Gov't
Chicago Sept. PMI
Puerto Rico Control Board meets to pick a Chief
Canada July GDP & Aug Raw Material & Industrial Product Price
U.M. Final September Consumer Sentiment
Baker-Hughs US/North American weekly Rig Count (1pm et)
Saturday,   Oct. 01 US Gov't New Fiscal Year Begins & Could Shut Down, again, if Congress didn't pass a Budget CR
Deadline for Banks to Submit their Revised "Living Wills"
Non-Compliant Healthplans under ACA (Obamacare) are Void Today
US Turns Over Control of the Internet to ICANN
China Golden Week Starts
(thru 10/09)
IMF Adds the Chinese Yuan to the Special Drawing Rights (SDR) Basket

         WEEKS AHEAD:          10/04 
   RBA (Aussie) MPC Meets
                                             10/12     FOMC Sept 20/21 Meeting Minutes (featured 3 dissenting)
                                             10/13     BoE MPC Meets
  (BoE cuts annual meetings to 8 from 12, as of this one)
                                             10/19     BoC (Canada) MPC Meets
                                                           Federal Reserve Releases Beige Book
                                             10/20     ECB MPC Meets
                                             10/27     Norges Bank (Norway) MPC 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).  NY Fed pres.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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