Trade the News Market Internals Update at 12:00ET

***Looking Ahead***

– 11:00 (US) Fed to purchase $2-3B in Notes/Bonds
– 11:45 (EU) EU President Van Rompuy speaks at Conference on State of EU
– 12:00 (US) Fed’s Raskin Speaks on `Economic Inclusion’ in Washington
– 13:00 (US) Treasury to sell $29B in 7-Year Notes
– 14:00 (BR) Brazil May Central Gov’t Budget (BRL) 4.4Be v 15.6B prior
– 15:30 (US) Fed Board of Governors meets on interchange fees

10:32 AM Market Internals update at 10:30ET

– NYSE volume 175M shares, about 6% below its three-month average; advancers lead decliners by 1.9:1.
– NASDAQ volume 360M shares, about 18% below its three-month average; decliners lead advancers by 1.1:1.
– VIX index -2.5% at just over 18.00

5:40 AM TradeTheNews.com European Market Update: Greece Parliament prepares vote to clear the necessary austerity measures

***Economic Data***

– (FR) France Q1 Final Gross Domestic Product Q/Q: 0.9% v 1.0%e; Y/Y: 2.2% v 2.2%e
– (HU) Hungary May Unemployment Rate: 11.0% v 11.2%e
– (SP) Spain May Adjusted Real Retail Sales Y/Y: -6.6% v -2.0% prior; Real Retail Sales Y/Y: -5.8% v -2.0% prior
– (NO) Norway May Credit Indicator Growth Y/Y: 6.5% v 6.5%e
– (UK) May Net Consumer Credit: £0.2B v £0.4Be; Net Lending: £1.1 v £0.7Be
– (UK) May M4 Money Supply M/M: 0.1% v 0.1% prior; Y/Y: -0.2% v -0.9% prior; M4 Ex OFCs 3M Annualized: +1.0% v -2.2% prior
– (UK) May Mortgage Approvals: 45.9K v 46.3Ke
– (UK) Apr Index of Services M/M: -1.2% v +0.8% prior; 3m/3M: 0.9% v 1.3%e
– (EU) Euro Zone Jun Business Climate Indicator: 0.92 v 0.90e; Consumer Confidence: -9.8 v -10e; Economic Confidence: 105.1 v 105.0e; Industrial Confidence: 3.2 v 3.5e; Services Confidence: 9.9 v 9.0e
– (PO) Portugal Jun Consumer Confidence: -50.7 v -50.3 prior; Economic Climate Indicator: -2.2 v -2 prior
– (GR) Greece May PPI Y/Y 7.3% v 8.2% prior
– (BE) Belgium Jun CPI M/M: 0.3% v 0.3% prior; Y/Y: 3.7% v 3.4% prior
– (SZ) Swiss Jun KOF Leading Indicator: 2.23 v 2.23e
– (IR) Ireland May Retail Sales Volume M/M: +1.3% v -0.9% prior; Y/Y: -2.1% v -4.2% prior
– (IR) Ireland Jun Live Register Monthly Change: 2.9K v 2.6K prior; Unemployment Rate: 14.2% v 14.1% prior

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