wall street in advance

June 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,     June 07     OVERNIGHT into US Mon. a.m. et:
        China May Trade Balance, Fx Reserves
        Japan Q1 GDP/CapEx/Private Consumption/Prices,
Current Account, Bank Lending
        Queen Elizabeth II's Birthday Celebrated in UK (incl Australia) Holiday
        German April Industrial Production
        Taiwan Trade Balance
        Russia Vehicle Sales
        Brazil BCB Focus Market Readout
        Canada May Housing Starts/April Building Permits
Monday,  June 08 ECB Chief Lagarde virtual hearing @Cmte on Economic & Monetary Affairs of Parliament
US Treasury Auctions $63B 3-, & $54B 6-month Bills (11:30am et)
US Treasury Auctions $44B 3-year Notes (1pm et)
    OVERNIGHT into US Tues. a.m. et:
        ANZ Job Ads, NAB Business Confidence
        BRC (UK) May Retail Sales Monitor
        Japan April Avg Cash Earnings/Overtime
        Swiss May Unemploymment Rate
        French & German April Trade Balances, Current Accounts
        Eurozone (3rd est.) Q1 GDP, Unemployment/Change
        UK Q1 Mortgage Lenders & Administration Statistics
        ECB publishes "International Roll of the Euro" (10:00 cet)
        South Africa Q1 Unemployment Rate/Change
        BoE's Dpty Gov. Cunliffe for Stability web speech at Investment Ass'n (15:30 cet)
Tuesday  June 09 NFIB May US Business Optimmism Index
Redbook weekly store sales snapshot
BoE Quarterly Bulletin
US April Wholesale Inventories

Canada Q Corporate Profits
JOLTS (April Job Quits & Openings--dose of reality?)
US Treasury Auctions $40B reopened 119-day & $60B reopened 42-day Bills (11:30)
US Treasury Auctions $29B reopened 10-year Notes (1pm et)
API weekly Petroleum Stats
    OVERNIGHT into US Wed. a.m. et:
        New Zealand Q1 Manufacturing Sales
        South Korea May Unemployment Rate
        Japan May PPI, April Machinery Orders
        Aussie Home Loans/Investment Lending
        China May CPI, PPI
        ECB publishes "Convergence Report"
(11:00 cet)
        Mexico Industrial Production
        French April Industrial Production
Wed.       June 10 US weekly MBA Mortgage/Refinance Applications
ECB's Schnabel
speaks at online seminar of Florencde School of Banking & Finance (13:00 cet)
ECB's de Guindos virtual speech @Institute of International & European Affairs (15:30cet)
US May CPI/Core CPI (8:30am et)
Brazil May CPI, IPCA Inflation Index
EIA weekly Petroleum/Gasonline/Distillates/Refinery Report (10:30am et; w/e 06/05)
US May Federal Budget
FOMC Rate & QE Decision/Staff Projections (2pm et)
FOMC Chief Powell Press Conference (2:30pm et)
CDFI webinar Series: Native American Communities (2pm cst)
    OVERNIGHT into US Thurs. a.m. et:
        New Zealand Electronic Card Spending
        Japan BSI Large Manufacturing Change Q/Q, Machine Tool Orders
        UK RICS May House Price Balance

        French Q1 (F) Private non-Farm Payrolls
        Eurogroup meets
        Italy April Industrial Production
        South Africa March Mining & Gold Production, Manufacturing Production
Thurs.     June 11 US weekly Jobless Claims/Continuing Claims (8:30am et; week ago 2.187m)
US May PPI + Final Demand
Russia Trade Balance
Brazil Holiday
Cleveland FRB Investment Connection virtual meeting for Erie PA pitch to funderfs
EIA weekly Natural Gas Report  (10:30am et)
US Treasury Auctions 4-, & 8-week Bills (value not announced at post)
WASDE Report
US Treasury Auctions $19B reopened 30-year Bonds
(1pm et)
Fed & Main Street: The Immigrant Experience during COVID-19 (2pm et; NY FRB webinar)
US Aggregate Reserves of Depository Institutions & Monetary Base (after ease; 4:30pm)
    OVERNIGHT into US Fri. a.m. et:
        New Zealand May Business PMI
        Philippines Independence Day
        Russia Independence Day
        Singapore Q1 Unemployment Rate
        Japan (F) April Industrial Production/Capacity Utilization
        China Vehicle Sales
        UK Apri GDP, Trade Balance,
Construction Output, Industrial & Manufacturing Production, Index of Services
        China Fixed Asset Investment (FDI), New Yuan Loans/Total Financing
        ECB's Enria speaks virtually @Euroopan CFO Network from UniCredit Grp (10:00cet)
        India Industrial & Manufacturing Production, Inflation Rate
        Hong Kong Industrial Production
        France, Spain May CPI/HICP
        Italian Qtr Unemployment Rate/Change
        Eurozone April Industrial Production
Friday,    June 12 ECB's Enria at Goldman Sachs' European Financial Virtual Conference (14:00 cet)
US Import/Export Prices (8:30am et)
Canada Q1 Capacity Utilization
UK NIESR Monthly GDP Tracker
U.M. (Prel) June Current Conditions/Inflation Expecations/Outlook (10:30am et)
Baker-Hughes weekly US/North American Oil/Total Rig Count (1pm et; w/e 06/05)
Saturday, June 13 
Sunday,     June 14     OVERNIGHT into US Mon. a.m. et:
        New Zealand May Services NZ PSI, April Visitor Arrivals
        China May House Price Index, Fixed Asset Investment, Industrial Production, Retail Sales, Unemployment Rate, NBS Press Conference
        South Korea May Trade Balance
        Singapore Q1 Unemployment Rate
        Japan Tertiary Index
        UK Rightmove House Price Index
        India WPI Food, Fuel, Inflation, Manufacturing
        Swiss Producer & Import Prices
        Italy May CPI/HICP
        Eurozone May Trade Balance, Reserve Assets
        ECB pre-release "Citizens' attitudes towards the ECB, euro & Economic & Monetary Union" (noon cet)
Monday,  June 15 NY Fed June Empire State Manufacturing Index
Canada April Manufacturing Sales
India Trade Balance
US Treasury Auctions $60B 3-, & $54B 6-month  Bills (11:30am et)
US April TICS  (4pm et)
    OVERNIGHT into US Tues. a.m. et:
       RBA (Aussie) Meeting Minutes,
Q1 House Price Index
       BoJ MPC Interest Rate Decision, followed by Press Conference
       Hong Kong May Unemployment Rate
       Swiss SECO Jun Economic Forecasts
       Germany May CPI, HICP
       UK April Unemployment Rate, May Claimant Count/Change, Avg. Earnings
      IEA Oil Market Report
       Eurozone June ZEW Economic Sentiment Index, Q1 Wage Growth, Labor Cost Index
       Germany June ZEW Economic Sentiment Index/Expectations, May CPI/HICP/WPI
       Brazil April Retail Sales
       Poland MPC Interest Rate Decision
Tuesday, June 16 US May Retail Sales
Canada April Foreign Securities Purchases
Redbook weekly store sales snapshot
Russia May Industrial Production
US May Industrial Production/Capacity Utilization  (G-17)
US April Business & Retail Inventories
Fed Chair Powell testifies @US Senate Banking
, Housing & Urban Affairs Cmte (10am)
NAHB June Housing Market Index
US Treasury Austions $40B reopened 119-day & $50B reopened 42-day Bills
US Treasury Auctions 52-week Bills

API weekly Petroleum Industry Report  (4:30pm et)
Fed V.Chair Clarida speaks on "U.S. Economic Outlook & Monetary Policy" video to Foreign Policy Ass'n Annual Dinner (6pm et)
    OVERNIGHT into US Wed. a.m. et:
        New Zealand Q1 Current Account
        Japan June Reuters/Tankan Index, May Trade Balance
        Aussie HIA New Home Sales
        Singapore May Trade Balance ex-Oil
        RBNZ May Offshore Holdings
        EU 25 New Car Registrations
        UK May Car Registrations, CPI/Core CPI, PPI/Core PPI, Retail Price Index
        Italy April Industrial Orders/Sales
        Eurozone May CPI/HICP, April Construction Output
        South Africa Retail Sales
        ECB's Enria webinar on climate & environmental risks (9:00 cet)
        ECB Economic Bulletins: Impact of the COVID-19 lockdown on trade in travel services + Bulletin Coronavirus market fear as implied by options prices + "...Pandemic and access to finance for small & medium-sized enterprieses: evidence from survey data (All 10:00 cet)
         ECB's Mersch panelist at AMF-BCBS-FSI high-level virtual session on regulatory responses to COVID-19 (11:00 cet)
        BoE+Imperial College Biz School Centre for Central Banking Studies/LSE/ CFM Jt Virtual Workshop on Household Finance & Housing w/BoE's Tenreyro(thru 19th)
        ECB's de Guindos particpates at virtually event from Foundacion Pablo VI (13:00cet)
        OPEC/OPEC+ Joint Ministerial Monitoring Commtee Meets (thru 17th)
Wed.        June 17 MBA weekly Mortgage Purchase/Refinance Applications (w/e 06/12)
OPEC Monthly Report
US May Housing Starts/Building Permits

NY Fed kicks off Term Asset-Backed Securities Loan Facility (TALF)
SNB (Swiss) Quarterly Bulletin
Russia GDP
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (w/e 06/12; 10:30am et)
Fed Chair Powell Semiannual Report to US House Cmte on Financial Services (noon et)
US Treasury Auctions $17B reopened 20-year Bonds
Brazil MPC Interest Rate Decision (current 3.0%)
    OVERNIGHT into US Thurs. a.m. et:
        New Zealand Q1 GDP
        Japan Foreign Bond & Stock Investments/Foreign Investments in Japan Stocks/Bonds
        Aussie May Unemployment Rate/Change/Full-& Part-time/Participation Rate
        RBA Bulletin
        Swiss May Trade Balance (Watch Exports)
        Indonesia MPC Deposit & Lending Interest Rate Decisions
       SNB (Swiss) MPC Interest Rate Decision, followed by Press Conference
        European Council Meets
        ECB releases Economic Bulletin (Issue 4/2020;  10:00 cet))
        Italian & Spanish Trade Balances
        Taiwan MPC Interest Rate Decision
        Polish MPC Meeting Minutes

        BoE MPC Interest Rate & QE Decision, Vote, Meeting Minutes (noon BST)
Thurs,       June 18 BoE Gov. Bailey post-Meeting Press Conference
US weekly Jobless Claims/Continuing Claims
(w/e 06/12)
Philly Fed June Manufacturing Index/Employment/New Orders/Prices Paid/CapEx
Canada New Housing Price Index, ADP Employment Change,April Wholesale Sales
Fed's Neel Kashkari opens Minneapolis Fed Spring Institute Conference "Opportunity & Inclusive Growth" (10am ct)
EIA weekly Natural Gas Report (10:30am et; w/e 06/12)
US Treasury Auctions 4-, & 8-week Bills (11:30am et)
US Treasury Auctions $15B reopened 5-year TIPS 
    OVERNIGHT into US Fri. a.m. et:

        Japan May CPI
        BoJ MPC Meeting Minutes
        Aussie Retail Sales
        Germany May PPI, Wholesale Price Index (WPI)
        UK Retail Sales, Public Sector Net Borrowing
        EU April Current Account, European Council Meeting
        Russia MPC Interest Rate Decision (current 5.5%), then Press Conference
        ECB publishes Research Bulletin (8:00 cet, 06/19 local date)
        Euro Area Monthly Balance of Payments (10:00 cet)
        Mexico Private Spending
        India Bank Loan & Deposit Growth, Fx Reserves, Current Account
Friday,     June 19 US Q1 Current Account
Canada April Retail Sales
Russia April Unemployment Rate/Wage Growth, Retail Sales, GDP
Brazil Federal Tax Revenues
K.C. Fed launches Education Professional Development webinar Series on STEM (10am)
Boston Fed's Rosengren webinar about the 'US economy & current financial conditions' (10:15am est) hosted by Greater Providence Chamber of Commerce
Fed V.Chair Quarles speaks on Stress Testing @Women in Housing & Finance Public Policy Event (noon et)
Cleveland Fed's Mester opens Cleveland Fed's Building a Resilient Workforce, followed by Fed Chair Powell virtual comments (1pm)
Fed Chair Powell virtual discussion w/Fed's Mester on Building a Resilient Workforoce During the COVID-19 Era  @Cleveland FRB (2pm et)
Baker-Hughes US/No. Am Oil/Total Rig Count (w/e 06/12)
Saturday, June 20 Japan All Industry Activity Index
        WEEKS AHEAD:
06/23    Richmond Fed 2nd Investment Connection Pitch Session
                                       06/24   Chicago Fed's Evans speech @Corridor Business Journal Mid-Year Review
                                       06/25   Banco de Mexico MPC meets
                                                   1st TALF Loans from 06/17 Close
                               08/27--28     K.C. Fed virtual 44th Annual Economic Policy Symposium: "Navigating the Decade Ahead: Implications for Monetary Policy"

*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