Trade the News Market Internals Update

***Looking Ahead***

– 11:30 (US) Treasury to sell 4-Week Bills
– 13:00 (GE) IMF acting Chief Lispky gives speech at American Academy in Berlin
– 13:00 (SZ) SNB’s Hildebrand speaks in Zurich
– 16:30 (US) API Weekly Energy inventories

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

– NYSE volume 168M shares, about 10% below its three-month average; advancers lead decliners by 5.1:1.
– NASDAQ volume 412M shares, about 6% below its three-month average; advancers lead decliners by 3.7:1.
– VIX index -6% at just over 18.00

5:56 AM TradeTheNews.com European Market Update: Weaker ZEW survey blamed on Greek debt concerns

***Economic Data***

– (FI) Finland May Unemployment Rate: 9.8% v 9.5%e
– (SA) South Africa Apr Leading Indicator: 133.8 v 135.0 prior
– (SZ) Swiss May M3 Money Supply Y/Y: 5.6% v 7.0% prior
– (GR) Greece Apr Current Account: -€2.3B v -€2.6B prior
– (SA) South Africa Q1 Current Account Balance (ZAR): -87.8B v -80.8Be; C/A to GDP ratio: -3.1% v -2.8%e
– (UK) May Public Finances (PSNCR): £11.1B v £6.6Be; Net Borrowings: £15.2B v £16.5B; PSNB ex Interventions: £17.4B v £17.0Be
– (HK) Hong Kong May CPI Y/Y: 5.2% v 5.0%e
– (GE) Germany Jun ZEW Economic Sentiment: -9.0 v -3.0e v; Current Situations: 87.6 v 90.0e
– (EU) Euro Zone Jun ZEW Economic Sentiment: -5.9 v +6.1
– (SZ) Swiss Jun KOF Institute Economic Forecast : Maintains 2011 GDP at 2.8%; Lowers 2012 growth to 1.9% from 2.3% prior
– (IR) Ireland May PPI M/M: +1.3% v -0.7% prior; Y/Y: -0.6% v -0.8% prior
– (IR) Ireland Apr Trade Balance: First Estimate: €2.6B v €4.0B prior
– (UK) Jun CBI Industrial Trends Total Orders: +1 v -5e; CBI Trends Selling Prices: 27 v 26e
– (SA) South Africa Q2 BER Consumer Confidence: 11 v 10e

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