Trade the News Market Internals Update

**Looking Ahead***

– 12:00 (EU) Belgium’s Leterme speaks at Press Center Reception
– 12:30 (US) FOMC Rate Decision: expected to leave interest rates unchanged at 0.25%
– 14:15 (US) Fed Chairman Bernanke speaks at Fed Press Conference

10:31 AM Market Internals update at 10:30ET

– NYSE volume 145M shares, about 23% below its three-month average; advancers lead decliners by 1.1:1.
– NASDAQ volume 340M shares, about 23% below its three-month average; decliners lead advancers by 1.6:1.
– VIX index -5.3% at just over 17.00

5:45 AM TradeTheNews.com European Market Update: BOE minutes hints of possible fresh QE measures due to potential downside risks to growth.

***Economic Data***

– (FR) France Jun Business Confidence Indicator: 109 v 106e; Production Outlook Indicator: 13 v 15 prior; Own-Company Production Outlook: 14 v 9 prior
– (DE) Denmark Jun Consumer Confidence: +3.0 v -0.5e
– (SP) Spain Apr Mortgages-capital loaned Y/Y: -45.1% v -34.3% prior; Mortgages on Houses Y/Y: -38.2% v -20.2% prior
– (SW) Sweden Jun Consumer Confidence: 16.7 v 17.0e; Manufacturing Confidence: 11 v 9e; Economic Tendency: 110.6 v 110.5e
– (NV) Netherlands Jun Consumer Confidence: -11 v -12e
– (SW) Sweden May Unemployment Rate: 7.9% v 7.7%e
– (PD) Poland May Retail Sales M/M: -1.1% v -1.3%e; Y/Y: 13.8% v 13.1%e
– (PD) Poland May Unemployment Rate: 12.2% v 12.1%e
– (NO) Norway Apr AKU Unemployment Rate: 3.4% v 3.3%e
– (SA) South Africa May CPI (all items) M/M: 0.5% v 0.3%e; Y/Y: 4.6% v 4.4%e
– (TT) Taiwan May Unemployment Rate: 4.4% v 4.3%e
– (UK) Bank of England Minutes: Voted 6-2-1 to maintain both interest rates and asset purchase target at current levels (8th straight meeting of a split decision)
– (EU) Euro Zone Apr Industrial New Orders M/M: 0.7% v 1.0%e; Y/Y: 8.6% v 14.0%e
– (SZ) Swiss Jun Credit Suisse ZEW Expectations Survey: -24.3 v -11.5 prior
– (SP) Spain Apr Trade Balance: -4.0B v -€4.5B prior
– (IR) Ireland May Property Prices M/M: -1.2% v -1.0% prior

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