Trade the News Market Internals Update

***Looking Ahead***

– 11:00 (US) Fed to purchase $4-5B in Notes/Bonds
– 12:00 (CO) Colombia May Urban Unemployment Rate: 11.7%e v 11.8% prior
– 13:00 (US) Fed’s Hoenig speaks in Des Moines, Iowa
– 15:00 (AR) Argentina May Construction Activity M/M: No est v 2.0% prior; Y/Y: No est v 9.9% prior
– 15:30 (MX) Mexico May YTD Budget Balance (MXN): No est v -6.6B prior

10:30 AM Market Internals update at 10:30ET

– NYSE volume 165M shares, about 11% below its three-month average; advancers lead decliners by 4.1:1.
– NASDAQ volume 385M shares, about 12% below its three-month average; advancers lead decliners by 2.5:1.
– VIX index -7% at just over 16.00

5:43 AM TradeTheNews.com European Market Update: Greece Parliament prepares next vote to implement its austerity measures

***Economic Data***

– (UK) Jun Nationwide House prices M/M: 0.0% v 0.0%e; Y/Y: -1.1% v -1.3%e
– (GE) Germany May Retail Sales M/M: -2.8% v 0.5%e; Y/Y: 2.2% v 0.2%e
(GE) Germany May ILO Unemployment: 6.0% v 6.1% prior
– (FI) Finland April Final Trade Balance: -€207M v -€185M prelim
– (SA) South Africa May M3 Money Supply Y/Y: 6.1% v 5.8%e; Private Sector Credit Y/Y: 5.2% v 6.3%e
– (HU) Hungary Q1 Current Account: €787M v €366M prior
– (IN) India Primary Articles WPI w/e Jun 18th Y/Y: 11.8% v 12.6% prior; Food Articles WPI Y/Y: 7.8% v 9.1% prior
– (SP) Spain Apr Total Housing Permits M/M: -15.0% v -5.7% prior; Y/Y: -23.4 v -22.7% prior
– (RU) Russia Gold & Forex Reserve w/e Jun 24th: $524.3B v $520.3B prior
– (FR) France May Consumer Spending M/M: -1.5% v +0.8%e; Y/Y: -1.0% v +0.5%e
– (FR) France May Producer Prices M/M: -0.5% v+ 0.2%e; Y/Y: 6.1% v 6.6%e
– (HU) Hungary May Producer Prices M/M: +0.1% v -0.3% prior; Y/Y: 1.2% v 1.5%e
– (HU) Hungary Apr Final Trade Balance: €479.3M v €479.0M prelim
– (SP) Spain Jun Preliminary Consumer Price Index Y/Y: 3.2% v 3.5% prior; CPI EU Harmonized Y/Y: 3.0% v 3.4%e
– (TU) Turkey Q1 GDP Q/Q: 1.4% v 3.6% prior; Y/Y: 11.0% v 9.7%e; GDP wda Y/Y: 11.0% v 9.6% prior
– (TU) Turkey May Trade Balance: -$10.1B v -$9.4Be
– (DE) Denmark Q1 Final GDP Q/Q: -0.1% v -0.5%e; Y/Y: 1.7% v 1.1%e
– (DE) Denmark May Unemployment Rate: 4.0% v 3.8%e; Unemployment Rate Gross Rate: 5.9% v 5.8%e
– (SW) Sweden May Household Lending Y/Y: 6.9% v 7.2% prior
– (SW) Sweden Apr Non-manual Wages Y/Y: 1.8% v 1.7% prior
– (TH) Thailand May Business Sentiment Index: 50.9 v 47.3 prior
– (TH) Thailand May Current Account Balance: -$511M v $0.0e (flat); Total Trade Account Balance: +$274M v -$477M prior; Overall Trade Balance: -$2.6B v +$3.6B prior
– (GE) Germany Jun Unemployment Change: -8K v -17Ke; Unemployment Rate: 7.0% v 7.0%e
– (CZ) Czech May Money Supply Y/Y: 2.6 v 1.2% prior
– (EU) Euro Zone M3 Money Supply Y/Y: 2.4% v 2.1%e; M3 Three-month Avg: 2.2% v 2.1%e
– (NO) Norway May Retail sales Volume M/M: 1.2% v 0.5%e; Y/Y: % v 10.2%e
– (SP) Spain Apr Current Account: -€3.4B v -€5.7B prior
– (EU)) Euro Zone Jun CPI Estimate Y/Y: 2.7% v 2.8%e
– (IT) Italy Jun Preliminary CPI (NIC incl. tobacco) M/M: 0.1% v 0.1%e v – 0.1% prior; Y/Y: 2.7% v 2.7%e
– (IT) Italy Jun Preliminary CPI EU Harmonized M/M: 0.1% v 0.1%e; Y/Y: 3.0% v 3.0%e
– (GR) Greece Apr Retail Sales Value Y/Y: -4.8% v -13.2% prior
– (SA) South Africa May PPI MM: 0.4% v 0.5%e v 0.9% prior; Y/Y: 6.9% v 7.1%e
– (HK) Hong Kong May M3 Money Supply Y/Y: 11.4%% v 6.0% prior
– (TT) Taiwan Central Bank raises the Benchmark Interest Rate by 12.5bps to 1.875%; As expected
– (PO) Portugal May Industrial Production M/M: +2.8% v -3.6% prior; Y/Y: -0.3% v -1.7% prior
– (PO) Portugal May Retail Sales M/M: -3.1% v +3.0% prior; Y/Y: -7.9% v -4.5% prior

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