wall street in advance

March 2020  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,    Mar 01 German Jan Retail Sales
    OVERNIGHT into US Mon. a.m. et:
        Japan Feb Official Resrves
        Aussie Feb AiG Performance of Mnftg CBA Mntg PMI, CoreLogic House Price Index
        Japan 4Q19 Company Profits & Sales, CapEx
        Aussie ANZ Feb Job Ads, 4Q19 Company Operating Profit, Inventories
        Japan Nikkei Feb Manufacturing PMI, Vehicle Sales
        China Caixin Feb Mnftg PMI

        Aussie RBA Feb Commodity Index
        Hong Kong Jan Retail Sales
        Wards Total US Feb Vehicle Sales
        SNB Publishes its FY19 Annual Results,
Feb CPI, HICP, Mnftg PMI, producre.ch PMI
        Markit Eurozone, France, Germany, Italy,  & Spain Feb Mnftg PMI
        South Africa Manufacturing PMI, Feb Total Vehicle Sales
        BoE Jan Consumer Credit, Mortgage Approvals, M4 Money Supply, Markit Feb Mnftg PMI
         ECB's de Guindos speaks @Distinguished Speakers Seminar from European Economics & Financial Centre London   (13:30cet)
         Israel holds 3rd General Election in 2 years  (03/02 local time)
         Italy CY19 GDP
Monday,   Mar 02 Canada RBC Feb Mnftg PMI (9:30am et)
US Feb Markit Manufacturing PMI (9:45am et)
US Feb ISM Mnftg Index/Employment/Orders/Prices Paid (10am et)
US Jan Construction Spending
Mexico Feb Mnftg PMI (10:30am et)
US Treasury Auctions $45B 3-, & $39B 6-month Bills (11:30am et)
Brazil Feb Trade Balance
    OVERNIGHT into US Tues. a.m. et:
        New Zealand 4Q19 Terms of Trade, Feb Trade Balance
        Aussie Jan Building Approvals, 4Q19 Current Account Balance, Net Exports, HIA New Home Sales (might be helped by brushfires)
        South Korea 4Q19 GDP, Feb CPI
        RBA MPC March Cash Rate Target
        Japan Feb Consumer Confidence
        Swiss 4Q19 GDP
        French Jan Gov't Budget Balance
        Italy & Spain Jan Unemployment Reports
        BoE FPC Meeting Minutes
, UK Markit/CIPS Feb Construction PMI
        Eurozone Feb CPI, Jan Unemployment Rate, PPI, HICP
        New Zealand Feb QV House Prices, Jan Building Permits
        Singapore Feb Manufacturing PMI
        ECB's de Guindos opens Jt ECB & EU Commission Conference on "The roles of equity markets & financial technology" (Frankfurt Germany 9:00cet)
        ECB's Jochnick panelist @ISDA policy conferenc eon EU Bank Capital Reform & Regulation, Bd Member Schnable moderates a panel   (Brussels Belgium)
Tuesday   Mar 03 Redbook weekly store sales snapshot
Brazil 4Q19 GDP
Fed's Mester speaks @UK Society of Professional Economists dinner (London)
ISM New York Feb Business Conditions
Super Tuesday: 14 States Hold Primaries, choosing 33.8% of all Democratic Delegates
    OVERNIGHT into US Wed. a.m. et:
         New Zealand Jan Building Consents
        Aussie AiG Feb Performance of Construction Index, CBA Services/Composite PMI
        Fed's Evans participates in moderated Q&A @Univ of IL (6:30pm et, Champaign IL)
        Aussie 4Q19 GDP, CapEx, Final Consumption
        RBA (Aussie) Chart Pack Released
        Japan Jibun Bank Feb Services/Composite PMI
        Hong Kong Feb Manufacturing PMI
        China Caixin Feb Services/Composite PMI

        India Nikkei Feb Services PMI
        Markit Eurozone, France, Germany, Italy & Spain Feb Services/Composite PMI
        German Jan Retail Sales
        South Africa Standard Bank Feb PMI
        UK Markit/CIPS Feb Services/Composite PMI, Official Fx Reserves
        Eurozone Jan Retail Sales
Wed.        Mar 04 MBA weekly Mortgage/Refinance Applications (7am et)
Brazil 4Q19 GDP, Markit Feb Services/Composite PMI
ADP Feb US Private Sector Employment Change (8:15am et)
US Markit Feb Services/Composite PMI  (9:45am et)
Bk of Canada MPC Rate Decision  (10am et)
US Feb non-Mnftg/Services Composite ISM
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (10:30am et;   w/e 02/28)
BoE Dpty Gov Broadbent speaks @London Business Schoool (18:00 cet)
Federal Reserve Releases Beige Book (2pm et)
    OVERNGIHT into US Thurs. a.m. et:
        BoJ Feb Purchases of Donmestic & Foreign Stocks & Bonds
        Aussie Jan Trade Balance
        Markit Feb German Construction PMI
        UK Feb New Car Registrations, BRC Retail Sales Monitor (post-Brexit)
        South Africa 4Q19 Current Account, Feb Business Confidence
        Brazil Auto Production/Sales Jan PPI
        ECB's Enria panelist on financial supervision @Delphi Economic Forum (Greece)
        BoE Monthly Decision Maker Panel Data
        OPEC Extraordinary Meeting (Vienna Austria, 03/05 local time)
Thurs.      Mar 05 Challenger Feb Job-Cuts (7:30am et)
BoE Chief Economist, Haldane, speaks (Paris FR)
US weekly Jobless Claims/Continuing Claims (w/e 02/28)
US 4Q19 non-farm Productivity, Labor Costs
US Jan (F) Durable Goods/Capital Goods Orders/Shipments
US Jan Factory Orders
EIA weekly Natural Gas Report (w/e 02/28l  10:30am et)
BoE Gov Carney speaks @University College (London)
US Treasury Auctions 4-, & 8-week Bills  (11:30am et;  values not announced at post)
BoC Chief Poloz provides Economic Progress Report (12:45pm et)
    OVERNIGHT into US Fri. a.m. et:
        Aussie AiG Feb Performance of Services Index
        NY Fed's Williams "Major Policy Address on US Economy" @Financial Services Dinner @FPA where he's receiving a Medal (8:45pm et)
        New Zealand 4Q19 Volume of All Buildings
        Japan Jan Labor Cash Earnings, Household Spending, Fx Reservesd
        Aussie Jan Retail Sales
        China's Customs publishes Jan & Feb Imports/Exports, Feb Trade Balance
        German Jan Factory Orders

        French Jan Imports/Exports, Current Account, Feb Reserve Assets,
        UK RICS Feb House Price Balance, Halifax HPI
        Italian Jan Retail Sals
        OPEC & OPEC+ Jt Ministerial Monitoring Cmte Meets on Production Quotas (Vienna)
Friday,     Mar 06 US Feb Unemployment Report/Change/Participation/Hrly Earnings
Canada Feb Unemployment Rate/Change/Participation/Earnings
, Jan Int'l Merchandise Trade
Fed Pres' Evans (9:20am et on Transparency & Communications), Mester, Bullard, Rosengren, Williams (2pm) & George panelists on 'Zero Lower Bound' & other Topics @Shadow Open Market Committee "Current Monetary Policy: The Influence of Marvin Goodfriend" (NY)
Canada Ivey Feb PMI  (10am et)
US Jan Wholesale Inventories/Wholesale Trade Sales
Baker-Hughes weekly US/North American Oil/Nat Gas Rig Counts (1pm et)
US Jan Consumer Credit (3pm et)
NPC--China's National People's Congress POSTPONED to May
Saturday, Mar 07 China Feb Trade Balance
US Turn Clocks AHEAD One Hour Before Bed (ex-Arizona)
Sunday,    Mar 08    OVERNIGHT into US Mon. a.m. et:
        New Zealand REINZ Feb House Sales
        Japan 4Q19 GDP/Biz Spending/Private Consumption, Jan Trade Balance, Current Account, Feb Bankrutcies
        China Feb New Yuan Loans/Aggregate Financing, Foreign Direct Investment (FDI)
        Swiss Feb Unemployment Rate
        German Jan Industrial Production, Trade Balance, Current Account
        Eurozone March Sentix Investor Confidence
        Mexico Feb CPI
Monday,   Mar 09 Canada Jan Building Permits, Feb Housing Starts
US Treasury Auctions $42B 3-, & $36B 6-month Bills (11:30am et)
Brookings Conversation on national security with Gen. David Patreus (2pm et)
    OVERNIGHT into US Tues. a.m. et:
         New Zealand 4Q19 Manufacturing Activity, Feb ANZ Truckometer, Manpower 2Q20 Survey
         Aussie 2Q20 Manpower Survey, NAB Feb Business Confidence/Conditions
         China Feb CPI + PPI, 2Q20 Manpower Survey
         UK BRC Feb Like-for-Like Sales
         Japan 4Q19 Machine Tool Orders, 2Q20 Manpower Survey
         Eurozone 4Q19 GDP, Unemploymment, Gross Fixed Capital, Labor Costs, Gov't & Household Expenditures         
         UK 4Q19 Mortgage Lenders & Administrators Statistics
Tuesday,  Mar 10 US NFIB Feb Business Optimism Index
US Treasury Auctions $38B 3- year Notes
(11am et)
Brookings Institution "How to lower health care costs: Competition, regulation & administrative expenses" w/stellar cast of speakers
Primaries in Michigan, Missouri, & Washington  (365 Democratic delegates determined)
    OVERNIGHT into US Wed. a.m. et
        New Zealand Feb Card & Electronic Card Spending
        RBA's Debelle speaks (Sydney), Aussie Jan Home & Investment Building Loans, Mar Westpac Consumer Confidence
        UK Jan GDP, Trade Balance, Construction Output, Industrial + Manufacturing Production, Index of Services
Wed.        Mar 11 MBA Mortgage/Refinance Applications (7am et)
Canada 4Q19 Capacity Utilization (7:30am et)
US Feb CPI/Core CPI (8:30am et)
US Feb Hourly Earnings
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (w/e 03/06; 10:30am et)
US Treasury Auctions $24B reopened 10-year Notes (11:30am)
US Treasury Feb Monthly Budget Statement (2pm et)
    OVERNIGHT into US Thurs. a.m. et:
        Japan 1Q20 All Industry BSI, Feb Domestic Corporate Goods Price Index
        Aussie Mar Consumer Inflation Expectations
        UK RICS Feb House Price Balance
        Japan Feb Tokyo Avg Office Vacancies
        German Feb Wholesale Price Index
        Eurozone Jan Industrial Production
        ECB MPC post-Meeting Interest Rate/QE Statement
(13:45cet; Frankfurt, DE)
        ECB Gov Lagarde post-Meeting Press Conference (03/12 local time--14:30cet)
        Publication of ECB staff macroeconomic projections for Euro area
Thurs,       Mar 12 US weekly Unemployment Claims/Continuing Claims (w/e 03/6)
US Feb PPI-Final Demand  (8:30am et)
EIA weekly Natural Gas Report  (10:30am et; w/e 03/06)
US Treasury Auctions 4-, & 8-week Bills (11am; value not announced at post)
US 4Q19 Change in Household Wealth (noon  et)
US Treasury Auctions $16B reopened 30-year Notes (1pm et)
FRB Boston "Earnings dynamics, Changing Job Skills and STEM Careers" (3:30pm et)
    OVERNIGHT into US Fri. a.m. et:
        New Zealand Feb Manufacturing PMI, Food Prices
        Japan Jan Tertiary Industry Index
        German Feb CPI
        BoE--FCA Jt Operational Resilience Consultation Paper Webinar
        Mexico Jan Industrial Production
Friday,     Mar 13 US Feb Import/Export Prices   (8:30am et)
Canada Feb Existing Hone Sales (9am et)
U.M. (P)  March Consumer Sentiment/Expectations (10am et)
Baker-Hughes weekly Oil/Natural Gas Rig Count (1pm 03/06)
Saturday, Mar 14
          WEEKS AHEAD:
        03/17    Primaries in Arizona, Florida, Illinois, & Ohio
                                          03/17--18    FOMC Meets
                                          03/18--19    BoJ Meets
                                                03/24      Primary in Georgia
                                          03/25--26    Midwest Anti-Money Laundering Conference (K.C. FRB)
                                                 03/26    BoE MPC Meets

*FOMC 2020 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 2020: MN Fed's Kashkari, Dallas Fed's Kaplan, Philly Fed's Harker, Cleveland Fed's Mester. Other Fed Presidents include: Atlanta Fed's 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 was a voter until Feb. 2020, completing her predecessor's term (NY Fed CEO Wiliams). 2019 Hawks dissenting against 2019 rate cuts were K.C. Fed's George, Boston's Rosengren, and St. Louis' Bullard but he wanted a bigger cut, earlier, who was backed by Chicago's Evans.
               * HICP used in Europe, means Harmonized Index of Consumer Prices