wall street in advance

AugustSeptember 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 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
Sunday,   Aug 30     OVERNIGHT into US Mon. a.m. et:
        So. Korea July  Industrial + Manufacturing Production, Retail Sales
        Japan July Industrial Production, Retail Sales
        China NBS Data Dump & Press Conference Aug Mftg & non-Mnftg PMI

        Aussie Q2 Business Inventories, Corporate Gross Profits, Jul Private Sector Credit
        Japan Jul Housing Starts, Construction Orders, Aug. Consumer Confidence
        Swiss July Retail Sales
        Italy Q2 GDP
        Germany, Italy, Spain Aug CPI/HICP  
Monday, Aug 31 Canada July IPPI, RMPI
Fed V. Chair Clarida: "FRB's New Monetary Policy Framework" @Peterson Institute for Int'l Economics (9am)
Brazil July Budget Balance
Dallas Fed Aug Manufacturing Index
Canada June Budget Balance
US Treasury Auctions $54B 3-, & $51B 6-month Bills
UK Bank Holiday
     OVERNIGHT into US Tues. a.m. et:

         Aussie AiGroup Aug Manufacturing Index, CommBank Aug Manufacturing PMI
         New Zealand Q2 Trade Balance, July Building Permits
         South Korea Q2 GDP/CapEx, Aug Trade Balance, Markit Aug Mnftg PMI
         Aussie Jul Building Permits, Q2 Current Account
         China Caixin Aug Manufacturing PMI
         Japan July Unemployment Rate/Jobs:Applications, Q2 CapEx, Jibon Bank Aug Mnftg PMI
         RBA (Australia) Interest Rate/QE Decision

         India Aug Maarkit Manufacturing PMI
         German Jul Unemployment Rate
         Swiss Aug procure.ch Manufacturing PMI
         Eurozone, France, Germany, Italy Aug Markit Manufacturing PMI
         Italy July Unemployment Rate
         BoE July Consumer Credit/Net Lending, Markit/CIPS Aug Mnftg PMI, July Mortgage Approvals/Lending
         Eurozone Aug Inflation/Core Inflation Rate/HICP, July Unemployment Rate
         Brazil Q2 GDP
         South Africa Aug Total New Vehicle Sales
         BoE's Sam Woods Regulatory Roadmap Opening Keynote (10:00 bst)
         ECB's Lane on Int'l Currencies & the Monetary & Financial System," followed by  IMF, BIS, LSE speakers @CEBRA, London School of Economics & Political Science Jt Annual Virtual Meeting (thru 09/03; 13:30 bst)
Tuesday Sept 01 Redbook weekly/Aug store sales snapshot
US Markit Aug Manufacturing PMI
Canada RBC Aug Manufacturing PMI
US Aug Manufacturing ISM/Orders/Shipments/Prices/Employment
US July Construction Spending
Mexico Aug Markit Manufacturing PMI
US Treasury Auctions $30B reopened 119-day & $30B 42-day Bills
Fed Gov Brainard-'Monetary Policy Framework Review," followed by Q&A w/Janet Yellen & Ben Bernanke @Brookings Institution (1pm et)
Cleveland Fed Fintech Innovation Conf.--Transforming Treasury Services (thru 09/03)
Brazil Aug Trade Balance
    OVERNIGHT into US Wed. a.m. et:
         Aussie Q2 GDP/CapEx/Consumption
         RBA (Aussie) Chart Pack
         German July Retail Sales
         UK Aug Nationwide Housing Prices

         Spanish Unemployment Rate/Change
         Eurozone July PPI
         Ward's Aug Total US Vehicle Sales
         ECB's Lane, BoE's Broadbent, Haldane, & Kumhof
speak @CEBRA/LSE Jt Mtg
Wed.      Sept 02 MBA weekly/Aug Mortgage Purchase/Refinance Applications
ADP Aug Non-Farm Payrolls Report
ISM Aug New York Index
US July Factory Orders
KC. Fed/FDIC CRA virtual Roundtable for regulated financial institutions
US July Durables/Capital Goods Orders/Shipments
NY Fed CEOs Williams+Dudley NY Fed Presidents on COVID-19 @Bretton Woods Cmte webinar (10am edt)
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (10:30am et; w/e 08/28; Laura caused production suspension)
Fed's Beige Book Released (2pm et)
    OVERNIGHT into US Thurs. a.m. et:
        Aussie Aug CommBank Services/Composite PMI, AiGroup Consturction Index
        Japan Aug Jibun Bank Services/Composite PMI, BoJ Aug Investments Stocks/Bonds
        Aussie July Trade Balance
        China Caixin Aug Services/Composite PMI
        So. Africa Aug Standard Bank PMI
        Eurozone, France, Germany, Italy, Spain Aug Markit Services/Composite PMI
        UK Markit/CIPS Aug Services/Composite PMI
        Eurozone July Retail Sales
        BoE's Broadbent & Haldane, LSE's Bean & Reis speakers @CEBRA/LSE Jt Virtual Meeting
        ECB's MPC Schnable keynotes "Future of Finance" @5th ECB Annual Research Conference (thru 09/04)
Thurs.    Sept 03 US Aug Challenger Lay-offs/Job Cuts
US weekly Initial Jobless Claims/Continuing Claims
Brazil July Industrial Production, Markit Aug Services/Com;posite PMI
US July Trade Balance
ECB Gov Bailey on cryptocurrencies & stablecoins @Brookings Hutchins Ctr on Fiscal & Monetary Policy (15:00 bst/10am edt)
Canada Aug Trade Balance
US Markit Aug Services/Composite PMI
US ISM Aug non-Manufaacturing Business Activity/New Orders/Employment/Prices
EIA weekly Natural Gas Report
US Treasury Auctions 4-, & 8-week Bills (values not available at post)
    OVERNIGHT into US Fri. a.m. et:
        Aussie July Retail Sales
        Germany July Factory Orders
        French July Budget Balance, Current Account
        Eurozone, France, Germany, Italy Aug Construction PMI
        UK Aug New Car Sales, Construction PMI

        Irish Q2 GDP, Current Account
        Mexico Aug Auto Production/Exports
        BoE MPC member Saunders
on economy's recent performance & view on outlook
Friday,   Sept 04 US Aug. Unemployment Rate/Change/Avg Hrly Earnings/Wkly Hours/Participation
Brazil Aug Car Production, New Car Registration
Canada Ivey Aug PMI
ECB's Lane gives Jean Monnet Lecture @5th ECB Annual Research Conf. (17:00cet)
Baker-Hughes weekly US/No. Am. Oil/Total Rig Count (w/e 08/29; 1pm et)
    OVERNIGHT into US Sat. a.m. et:
        Aussie AiGroup Aug Services Index
Sat,         Sept 05 US Labor Day Weekend
Mon.      Sept 07 ALL US Markets Closed for Labor Day Holiday
 09/07      US Markets Closed for Labor Day Holiday
                                09/15--16       FOMC Meets
                                      09/16        FOMC Statement, 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"
                           09/29--10/01      2nd NY Fed Research Conf. on FinTech
                           09/30--10/01      St Louis Fed Community Banking Research virtual Conference
                                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