wall street in advance

August 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,   Aug 16     OVERNIGHT into US Mon. a.m. et:
        New Zealand Jul Services PSI
       Japan Q2 GDP/CapEx/Prices/Private Consumption
        Singapore Jul Trade Balance (ex-oil)
        Thailand Q2 GDP
        Indonesia July Motorbike Sales, Q2 Current Account
        Japan June (F) Industrial Production/Capacity Utilization
        BoJ (Japan) July Current Account Balances by Sector

        UK Rightmove House Price Index
        Eurogroup Meetings

        ECB July Reserve Assets, ECB+Eurosystem templates on Int'l Reserves & Fx Currency Liquidity  (12:00 cet)
        OPEC+ Jt Ministerial Monitoring Committee teleconference
        Brazil BCB Focus Market Readout
Monday, Aug 17 NY Fed/Empire State Aug Manufacturing Index
NAHB Aug Housing Market Index

Canada June Foreign Securities Purchases by Canadians & vice versa
Russia July Industrial Production
Project Hometown: 'Fed Role of Urban Planning, Architecture & Trans;portation in Chicago's Future' (10am ct)
US Treasury Auctions $54B 3-, & $51B 6-month Bills
MBA Q/o/Q Deliqnency Rates

Democratic National Convention speakers include B Snaders., Gov Cuomo, M. Obama (thru 20th)
South Korea Holiday--Liberation Day
    OVERNIGHT into US Tues. a.m. et:
        Japan Reuters Aug Tankan Index, 30-year JGB Auction
        RBA (Aussie) Meeting Minutes
        EU FinMins Meet
        UK 30-year GILT Auction
        ECB's de Guindos virtual "Consecuencieas economicas de la crisis y medidas de recuperacion en Espana y en la Union Europea" (via Univ. Int'l Menendez Pelayo (10cet)
Tuesday Aug 18 US July Housing Starts/Building Permits (8:30am et)
Redbook weekly store sales snapshot (w/e 08/15)
Russia July PPI
US Treasury Auctions $30B reopened 119-day, & $30B reopened 42-day Bills
API weekly Crude Report
Democratic Nat'l Convention speakers include AOC, Pres Clinton, Jill biden
    OVERNIGHT into US Wed. a.m. et:
        Japan July Trade Balance, Jun Machinery Orders

        UK Jul CPI/Core CPI, PPI/Core PPI for Inputs & Outputs, Retail Price Index
        Indonesia Aug Interest Rate Decision, Lending & Deposit Rate
        Eurozone June Current Account
        South Africa July CPI/Core CPI
        Hong Kong Jul Unemployment Rate
        Eurozone July CPI/Core CPI/HICP
        German 30-year Bund Auction
Wed.       Aug 19 MBA weekly Mortgage Purchase/Refinance Applications (w/e 08/14; 7am et)
Canada July CPI/Core CPI , June Wholesale Sales
EIA Petroleum/Gasoline/Distillates/Refineries Report (w/e 08/14; 10:30am et)
US Treasury Auctions $25B 20-year Bonds
FOMC Minutes of July 28--29th Meeting  (2pm et)
Democratic Nat'l Converntion speakers H. Clinton, Sen. E Warren, VP Designate Harris, Prres Obama
    OVERNIGHT into US Thurs. a.m,. et:
         PBoC (China) Sets Aug 1-yr & 5-yr Prime Loan Rates

         German July PPI
         Swiss July Trade Balance, Q2 Industrial Production
         Norges (Norway) MPC Interest Rate Decision
         Philippines MPC Interest Rate Decision

         Taiwan Q2 Current Account
         Hong Kong July CPI
         Eurozone Jun Construction Output
         UK Aug CBI Industrial Trends/Orders
         ECB Account of 15--16 July 2020 MPC Meeting  (13:30 cet)
         Germany's Merkel visits France's Macron, as his summer residence
Thurs.     Aug 20 US weekly Initial Jobless Claims/Continuing Claims  (8:30am et)
Philly Fed Aug Manufacturing Index
Minneapolis Fed (9th District) 'Regional Economic Conditions: General business survey' conversation with Outreach Director Ron Wirtz (9am)
Russia July Unemployment Rate, Jun Wage Growth, July Retail Sales, GDP
EIA weekly Natural Gas Report
US Treasury Auctions 4-, & 8-week Notes (values not announced at post)
Int'l Journal of Central Banking virtual Annual Conference: Structural changes in the financial system: new theory & evidence (thru 21st)
US Treasury Auctions $7B reopened 30-year TIPS
SF Fed's Daly, Ariana Huffington, NBER's Nick Bloom discuss of "The Future of Work"
(10am   pt)
Democratic Nat'l Convention speakers Sen. C. Booker, Sen T Duckworth, Joe Biden
    OVERNIGHT unto US Fri. a.m. et:
        So. Korea July PPI
        Aussie CommBank Aug Mnftg/Services/Composite PMI
        UK GfK Aug Consumer Confidence
        Japan July CPI/Core CPI, Jibun Bk Mnftg Flash Aug PMI
        New Zealand July Credit Card Spending
        UK July Retail Sales, Public Sector Net Borrowing
        Eurozone, French, German Aug Markit Mnftg/Services/Composite Flash PMI
        UK Aug Markit/CIPS Mnftg/Services/Composite PMI
        Mexico Jun Retail Sales
, Mid-Aug CPI
        Brazil Jul Fed. Tax Revenue
Friday,    Aug 21 US Markit Aug Manufacturing/Services/Composite Flash PMI
Canada June Retail Sales
Breakfast with the St Louis Fed webinar 'Hot Money for Cold Economy' (8am ct, Memphis branch)
US July Existing Home Sales
Baker-Hughes weekly US/No. Am, Total/Oil Rig Count
(w/e 08/14; 1pm et)
Saturday,Aug 22  India Holiday
Sunday,  Aug 23     OVERNIGHT into US Mon. a.m. et:
        Taiwan Jul Unemployment Rate, Industrial Production, Retail Sales, M2
        New Zealand Q2 Retail Sales
Monday, Aug 24 US July Chicago Fed National Activity Index
Richmond Fed Sovereign Debt online Workshop (thru 28th)
US Treasury Auctions $54B 3-, & $51B 6-month Bills
    OVERNIGHT into US Tues. a.m. et:
        German Q2 GDP, IFO
Aug Current Condtions/Outlook
         BoJ CPI
         UK Aug Distributive Trades
         Hungary Central Bank Deposit & Interest Rate Decisions
         Canada Q2 Corporate Profits
         Brazil Jul Current Account, Foreign Direct Investment
Tuesday, Aug 25 Redbook weekly store sales snapsho (thru 08/22)
US Jun S&P/Case-Shiller Home Price Index
Mexico Q2 Current Account
FHFA Jun Home Price Index  (10am et)
US July New Home Sales
Richmond Fed Aug Manufacturing Index
BoC (Canada)  Member Schembri speaks
US Treasury Auctions $30B reopened 119-day, & $30B reopened 42-day Bills
US Treasury Auctions $50B 2-year Notes (1pm et)
    OVERNIGHT into US Wed. a.m. et:

        New Zealand July Traade Balance
        Aussie Q2 Construction Work Completed
        Japan Q2 Corporate Services Price Index
        Singapore Jul Industrial Production
        Swiss ZEW Aug Economic Sentiment Index
        Hong Kong July Trade Balance
        French July Unemployment Claims/Total Job Seekers
        Mexico Q2 GDP
        ECB's Schnabel @Annual Congrress of the European Economic Ass'n (13:30cet)
Wed.       Aug 26 MBA weekly Mortgage Purchase/Refinance Applications
US July Durable/Capital Goods Orders/Shipments
K.C. Fed/FDIC New Mexico Interagency CRA Roundtable (9am)
BoC Member Wilkins speaks

EIA Petroleum/Gasoline/Distillates/Refineries Report (10:30am et;   w/e 08/21)
BoE economist Haldane speaks @Edinburgh Int'l Cutlure Summit webinar (17:00 bst)
US Treasury Auctions $22B reopened 2-yr FRNs (11:30am et)
US Treasury Auctions $51B 5-year Notes (1pm et)
    OVERNIGHT into US Thurs. a.m. et:
        So. Korea Interest Rate Decision
        Aussie Q2 CapEx
        China July Industrial Profits
        Swiss Q2 GDP
        Eurozone July Loans to Companies & Households
        Italy Jun Industrial Orders/Sales
        UK July Car Production
        Mexico July Trade Balance
Thurs,     Aug 27 US weekly Initial Jobless Claims/Continuing Claims
US Q2 GDP/CapEx/PCE/Savings/Prices/Sales/Orders

US Q2 Corporate Profits 
Canada Q2 Current Account
Atlanta Fed webinar on (2008) Check Sample Survey  (2pm et)
FOMC Chief Powell speech "Monetary Policy Framework Review" (9:10am) @K.C. Fed virtual 44th Annual Economic Policy Symposium: "Navigating the Decade Ahead: Implications for Monetary Policy" (thru 28th)
Minneapolis Fed Regional Economic Conditions: Construction Industry (9am)
ECB's Lane, Panetta & Schnabel panelists @K.C. Fed virtual Eco Policy Symposium & Lane again (@10:50am)
NAR July Pending Home Sales
EIA weekly Natural Gas Report  (thru 08/21)
K.C. Fed Aug Manufacturin Index
US Treasury Auctions 4-, & 8-week Bills  (values not announced at post)
US Treasury Auctions $47B 7-year Notes
    OVERNIGHT into US Fri. a.m. et:

         Japan Aug CPI
        Singapore July Import/Eport Prices, PPI
        German Sept GfK Consumer Confidence
        UK Aug Nationwide Housing Prices
        France Q2 GDP, Aug CPI/HICP, PPI
        Spain July Retail Sales
        Eurozone Aug Consumer Confidence, Economic & Industrial Sentiment, CPI/HICP 
        India Bank Loan & Deposit growth, Fx Reserves
        Brazil Unemployment Rate
Friday,    Aug 28 US July Trade Balance
US July Personal Income/Spending/PCE/Savings
US July Retail & Wholesale Inventories
ECB's Lane, Panetta & Schnabel participate @K.C. Fed Symposium (10:50am et)
Canada Q2 GDP
BoE Gov Bailey speaks @ K.C. Fed Economic Policy Symposium (14:00 bst)
U.M. Final US Aug. Consumer Confidence/Expectations
Sat,         Aug 29
 09/02      NY Fed CEOs Williams/Dudley speaks @Bretton Woods Cmte webinar (10am edt)
                                      09/07        US Markets Closed for Labor Day Holiday
                                09/15--16       FOMC Meets
                                      09/16        FOMC State, Powell Press Conference
                                09/17--18     Atlanta Fed Virtual Conf. on Racial Justice & Finance Keynote: FRB Pres Bostic
                                       09/18     Richmond FRB DivEc Diverse Economics Conference (10am)
                                       09/26     S.F. Fed's Daly & Clarida keynote "A Hot Economy: Sustainability & Trade-offs"
                                10/08--09     Federal Reserve Stress Testing Research Virtual Conference focus on resilience

*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