wall street in advance

November 2019  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,    Nov 10     OVERNIGHT into US Mon. a.m. et:
        China Oct Direct Investment

        Japan Eco Watchers Survey
        New Zealand Oct Card Retail Spending
        Japan Sept Core Machinery Orders, Trade Balance, Oct Bank & Trust Lending
        China Oct New Yuan Loans, Money Supply
        BoJ Summary of Opinions from Oct Meeting

        ADIPEC Int'l (mostly National) Petroleum Conference/Expo (Abu Dhabi UAE thru 14th)
         Italian Sept Industrial Production
         UK Q3 NIESR GDP, Private Consumption, Gov't Spending, Business Investment, Gross Fixed Capital Formation, Sept Industrial & Manufacturing Production, Trade Balance, Construction Output, Index of Services
         India Sept Industrial Production/Manufacturing Output
         Russia Sept Trade Balance
         A Conversation w/ECB's Enria @20th Handelsblatt Conference, "EBR--European Banking Regulation," then panelist at same event (Frankfurt am Main, Germany 10:30cet)
        ECB Household Sector Report (11:00 cet)
        ECB's Mersche speaks @European Investment Bank (Luxembourg  16:30cet)
        Mexico Sept Industrial Production
Monday,   Nov 11 Veterans Day, US Treasuries Closed; Equities Opem 9:30 to 4pm
(Santiago Chile)
CFRI Corporate Financial Reporting Insights
Conference (NY thru 12th)
    OVERNIGHT into US Tues. a.m. et:
        New Zealand Oct Heavy Truckometer, Sept Migration
        Aussie Oct NAB Business Conditions/Confidence
        German Oct Wholesale Price Index (WPI)
        Japan Oct  Machine Tool Orders
        Singapore Sept Retail Sales
        Fed V. Chair Clarida on "Monetary Policy, Price Stability, & Bond Yields,"
@ High-Level Conference on "Global Risk, Uncertainty, & Volatility" from US FRB, BIS, + SNB (5:30am et; Ruschlikon, Suisse)
        ECB's Couere speaks @ECB workshop on money markets & central bank balance sheets (Frankfurt 9:00 cet)
         ECB's Enria keynotes European Commission's DG Financial Stability, Financial Services & Capital Markets Union Conference upon implementation of Basel III Ms af  jochnick another panelist (Brussels)
        UK Sept ILO Unemployment Rate/Change/Claims Count/weekly Earnings
        German ZEW Nov. Economic Sentiment/Outlook
        Eurozone Nov. ZEW Survey of Economic Conditions/Expectations
Tuesday   Nov 12 NFIB Small Business Optimism Index (6am et)
Redbook weekly store sales snapshot (8:55am et)
US Treasury Auctions $45B 3-, & $42B 6-month Bills (and that's it!)
Richmond Fed's Barkin on "Getting Peop;e Off the Sidelines: The Ultimate Workforce Development Plan"  @Institute for Advanced Learning & Research (noon; Danville VA)
Fed's Harker Q&A on "What's Next for the U.S. Economy & Fed?" @SABEW Annual Fall Meeting (1pm NY)
Fed's Kashkari moderated discussion @Center for Research on the Wisconsin Economy (Madison WI 6pm)
    OVERNIGHT into US Wed. a.m. et:
         South Korea Oct Unemployment Rate
        Japan Oct Domestic Corporate Goods Price Index, PPI, Sept Loans & Discounts
        Aussie Q3 Wage Price Index, Unemployment Rate/Change/Participation
        RBNZ (New Zealand) MPC Interest Rates Decisions, Economic Outlook, Press Conference  (11/13 local time)
        German Oct CPI, HICP
         UK Oct CPI, PPI, House Price Index, Retail Price Index
         Brazil Sept Retail Sales, Fx Flows
         Eurozone Sept Industrial Production
         ECB Governing Council non-monetary policy meeting (Frankfurt)
         India Oct CPI
Wed.,       Nov 13 MBA weekly Mortgage/Refinance Applications (7am et)
US Oct. CPI (8:30am et)
Atlanta Fed Business Inflation Expectations (10am et)
US House Impeachment Hearings Open to Public for 1st Time
Fed Chair Powell on "The Economic Outlook"@Jt Economic Cmte of Congress (11am)
Ricmond Fed's Barkin speaks to Greensboro Chamber of Commerce "The New Environment for Monetary Policy (12:30pm NC)
US Treasury Budget (2pm et)
Dallas Fed's Kaplan discusses national & global eco issues w/Douglas Holtz-Eakin of Am. Action Forum + Q&A (Austin TX,  6:05pm)
    OVERNIGHT into US Thurs. a.m. et:
        Japan Q3 GDP, Business Spending/ Household Spending
        UK RICS Oct House Price Balance

        Aussie Oct Unemployment Rate/Change/Participation
        China Oct Industrial Production, Property Investment, Retail Sales, Jobless Rate, Fixed Asset Investment
        India Oct Food, Fuel & Inflation WPI, Manufacturing Inflation
        German Q3 GDP
        French Q3 Unemployment Rate, Oct CPI, HICP
        Spain Oct CPI, HICP
        Swiss Oct PPI & CPI
        UK Oct Retail Sales
        ECB's Lane keynotes 4th CEPR Int'l Macroeconomics & Finance Programme Mtg  (12:00cet  Frankfurt)
        ECB's de Guindos interviewd @BNP Paribas Global Markets Conference (London)
        South Africa Sept Mining Production, Gold Production
        Eurozone Q3 GDP, Unemployment Rate/Change
        Fed V. Chair Quarles (pre-recorded video) welcome remarks @IAIS--Int'l Ass'n of Insurance Supervisors' 26th Annual Conference (5:30am et; Abu Dhabi UAE)
Thurs.      Nov 14 Canada Sept New Housing Price Index
US weekly Jobless Claims
US Oct PPI--FD (8:30am et)
Fed V. Chair Clarida on "Federal Reserve's Review of its Monetary Policy, Strategy, Tools & Communications Practices" @Cato Institute 37th Monetary Conference (9:10am et; D.C,)
Fed Chair Powell testifies on the Economic Outlook @ US House Budget Cmte (10am)
ECB's Hakkarainen speaks @ECB Policy Conference, "Banking in Europe--a political, a monetary and a supervisory perspective (Frankfurt 16:50 cet)
EIA weekly Natural Gas Report (10:30am et;  w/e 11/08)
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (11am et)
US Treasury Refunding Announcement (11am et)
US Treasury Auctions 4-, & 8-week Bills (11:30am et;  value not know at post)
NY Fed's Williams opens S. F. Fed's AEPC--Asia Economic Policy Conference  w/Q&A (noon) Also speaking: S.F. Fed's Mary Daly,   HK Monetary Authority, RBNZ, Bk of Korea, Banco Centro of Brasil, BoC Gov Poloz   @FRB San Francisco (thru 15th)
Banco de Mexico MPC Interest Rate Decision
Fed Reserve Balance Sheet (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
        China Oct House Prices

        South Korea Oct Trade Balance
        Japan Sept Industrial Production/Capacity Utilization
        Hong Kong Q3 GDP
        ECB's Mersch @Colloque de l'AEDBF--Europe (Paris FR 9:00 cet)
        ECB's af jochnick keynotes "7th Frankfurt Conference on Financial Market Policy"
        Italian Sept Trade Balance, Oct CPI, HICP
        Eurozone Oct CPI, HICP, Sept Trade Balance, Oct Total Reserve Assets
Friday,     Nov 15 BoC's Lane panelist on Digital Currency, Sept Int'l Securities Transactions
US Oct Retail Sales (8:30am et)
Empire State NY FRB Nov. Manufacturing Survey
US Oct Import/Export Prices
Canada Oct Existing Home Sales
US Oct. Industrial Production/Capacity Utilization  (9:15am et; GM strike impact)
US Sept Business Inventories (10am et)
Baker-Hughes weekly US/North American Rig Count (1pm et)
S.F. FRB CEO/Pres Daly addresses the FRB San Francisco AEPC (San Francisco)
Saturday, Nov 16 ECB's Muller speaks (Frankfurt Germany)
Sunday,    Nov 17     OVERNIGHT into US Mon. a.m. et:
       Japan Oct Dept Store Sales, Q3 Housing Loans, Oct Condo Sales
       UK Nov. Rightmove Nov House Prices & Order Trends/Totals
       Singapore Oct Trade Balance
       China Oct Fx Net Settlement, Foreign Direct Investment
       Hong Kong Oct Unemployment Rate
       ECB Financial Stability Report

       UK CBI Nov Selling Prices
       Russia Oct Industrial Production
Monday,   Nov 18 ECB's Lane fireside interview @FORTUNE Global Forum (Paris FR 14:05 cet)
NAHB Nov Housing Market Index (10am et)
US Treasury Auctions $45B 3-, & $42B 6-month Bills  (11:30am et)
Fed's Mester fireside chat + Q&A @Univ of Maryland (noon   College Park MD)
US Sept TICS (4pm et)
    OVERNIGHT into US Tues. a.m. et:
        New Zealand Q3 PPI, Oct Non-Resident Bond Holdings
        RBA's (Aussie) Ass't Gov Kent panelist (Sydney)
        RBA Minutes of Nov Policy Meeting
        Swiss Oct Imports/Exports/Watch Exports --Trade Balance
        UK Oct Car Registrations
        EU 25 Oct New Car Registrations
        RBA's Lowe
speaks (Sydney)
        Eurozone Sept Current Accounts, Construction Output
        ECB's Hakkarainen panelist "Risk & Profitability in European Banking: the search for strategies @EuroFinance Week (9:30cet Frankfurt DE thru 22nd)
Tuesday,  Nov 19 US Oct Housing Start/Building Permits (8:30am et)
Canada Sept Manufacturing Sales, Teranet/Nat'l Bank Oct Home Price Index
Redbook weekly store sales snapshot (8:55am et)
One-on-One w/NY Fed's Pres/CEO Williams @SIFMA Annual-Capital Markets Mtg w/Q&A (9am et D.C. thru 19th)
SEC Chair Jay Clayton speaks @SFMA Conference
US (adv) Quarterly Services Report  (10a,m et)
US Q3 E-Commerce Retail Sales
US Treasury Announces 4-, & 8-wk Bill Issuance Plans
Bank of Canada Dpty Gov Wilkins speaks (Montreal)
    OVERNIGHT into US Wed. a.m. et:
        South Korea Oct PPI
        Japan Oct Trade Balance, Oct Convenience Store Sales
        Aussie Oct Skilled Vacancies
        Peoples Bk of China sets Nov 1-year + 5-year Prime Rates, Oct Swift Global Payments
        German Oct PPI
        South Africa Oct CPI
        Russia Oct Unemployment Rate, Wage Growth, Retail Sales
       ECB Publishes Nov Financial Stability Review, Investment Fund Statistics  (10:00cet)
        UK Q2 Unit Labor Costs/Productivity
Wed.        Nov 20 MBA weekly Mortgage/Refinance Applications (7am et;  w/e 11/15)
"A Conversation with Barack Obama" @Greenbuild Int'l (8:30am et, Atlanta GA)
Canada Oct CPI
Dr. Janet Yellen keynotes World Business Forum (NY)
USDA Chief Economist R. Johansson lunch keynotes FRB Chicago "Improving Midwest Agriculture & the Environment Conference"   (noon @ChicagoFed.org)
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (10:30am et/w/e 11/15)
Q&A w/ECB's Lane @Bocconi Univ. (Milan IT  18:00 cet)
FOMC Minutes of 10/29--30 Meeting  (2pm et)
    OVERNIGHT into US Thurs. a.m. et:
        RBA Oct Fx Transactions
        Singapore Q3 GDP
        New Zealand Oct Credit Card Spending
        Japan Sept All Industry Activity Index, Oct Supermarket Sales, Machine Tool Orders
        Hong Kong Oct CPI
        Swiss Q3 Industrial & Construction Output, M3 Money Supply
        UK Oct Central Gov't NCR, Public Sector Net borrowing
        OECD Eurozone Economic Outlook Released
        ECB's Mersch keynotes S&P Global European Financial Institutions
Conference (9:10cet  Paris FR)
        ECB's Enria keynote @Retail Banking Conference "Creating sustainable financial structures by putting citizens first" @European Savings Bank Group (Brussels Belgium)
        ECB's de Guindos speaks @ Retail Banking Conference (10:40 cet)
        ECB Account of Oct 23--24th Monetary Policy Meeting
        South Africa Nov Prime & Interest Rate Decisions
Thurs,      Nov 21 US weekly Jobless Claims/Continuing claims (8:30am et)
ADP Canada Oct Payroll Estimates
Philly Fed Nov Business Outlook Survey
BoC Gov Poloz fireside chat discussing Financial system Review (Toronto)
Fed's Mester speaks @Cleveland FRB/OFR Jt "Financial Stability Conference: Risks, Resilience & Policy" w/Q&A (8:30am Clevelan OH FRB)
Jt ECB/NY FRB Workshop on Expectations Surveys: Tool for Research and Monetary
Policy (NY thru 22nd)
US Oct Existing Home Sales (10am et)
Fed's Kashkari moderated disucssion w/Q&A @MN Chanmber of Commerce Economic  Summit (10:10am; Minneapolis MN)
EIA weekly Natural Gas Report  (10:30am et)
US Treasury Refunding Announcement (11am eT)
US Treasury Auctions 4-, & 8-week Bills (11:30am et)
US Treasury Auctions $12B reopened 10-year TIPS (1pm et)
Fed's H-3 Aggregate Reserves of Depository Institutions & the Monetary Base (4:30pm)
Fed weekly Balance Sheet (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
         Aussie CBA Nov Manufacturing/Services/Composite PMI
        Japan Oct Nat'l/Tokyo CPI,  Nikkei Nov Manufacturing PMI, Jibun Bank Services & Composite Nov PMI
         G20 FinMins & Central Bankers Meet (Nagoya City, Japan thru 23rd)
         G20 Foreign Ministers Meet (Nagoya City)
         UK CBI Nov Reported & Total Distributed Sales
         German Q3 GDP, Capital Investment/Gov't Spending/Private Consumption
         ECB Pres. Lagarde keynote @Frankfurt European Banking Congress during Euro Finance Week  9:30cet (Frankfurt)
         Markit Eurozone, French, German Manufacturing/Services/Composite PMI
Friday,     Nov 22 Canada Sept Retail Sales
Chicago FRB Pres Evans opens 14th Chicago FRB/OCC, FDIC Jt Community Bankers Symposium (8:30am ct)
IHS Markit US Nov Flash Manufacturing/Services/Composite PMI (9:45am et)
U/M. Final Nov (F) Consumer Sentiment/Expectations  (10am et)
K.C. Fed Nov Manufacturing Index (11am et)
Baker-Hughes weekly US/North American Rig Count (1pm- w/e 11/15)
Saturday, Nov 23
Japan Labour Thanksging Day Holiday
      WEEKS AHEAD: 1
1/27    Fed's Beige Book (2pm et)
                                     11/28     Thanksgiving Holiday in US
                                     11/29     Black Friday
                                     12/03    RBA (Aussie) MPC Meeting
                                     12/04    BoC (Canada) MPC Meeting
                              12/10--11   FOMC Meeting (2pm et)
                                     12/11    Fed Chair Powell Press Conference (2:30pm et)
                                     12/12    ECB MPC Meeting
                                                  SNB (Swiss) MPC Meeting
                                     12/19    BoJ MPC Meets
                                                  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