Trade the News Market Internals Update

***Looking Ahead***
– Second ESFS bond issue to raise funds for Portugal
– 11:30 (US) Treasury to sell 4-Week Bills
– 12:00 (IC) Iceland May International Reserves (ISK): No est v 759.2B prior
– 13:00 (EU) EU Finance Ministers meet on Economic Governance, Budgets
– 16:30 (US) API Weekly Energy Inventories
– 17:00 (CO) Colombia Apr Trade Balance: $550Me v $481.4M prior

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

– NYSE volume 170M shares, about 15% below its three-month average; advancers lead decliners by 6.1:1.
– NASDAQ volume 365M shares, about 20% below its three-month average; advancers lead decliners by 4.1:1.
– VIX index -8% at just over 18.00

5:51 AM TradeTheNews.com European Market Update: China PBoC again raises Reserve Requirement ratio by 50bps

***Economic Data***

– (CH) China Central Bank (PBoC) raises the Reserve Ratio requirement (RRR) by 50bps; Effective Jun 20th
– (SZ) Swiss SECO June 2011 Economic Forecasts: Lowers 2012 inflation and growth views
– (FI) Finland May CPI M/M: 0.0% v 0.1%e; Y/Y: 3.3% v 3.3%e
– (IN) India May Wholesale Prices (WPI) Y/Y: 9.1% v 8.7%e
– (FR) France Apr Current Account: -€4.8B v -€4.1B prior
– (SP) Spain May Consumer Price Index M/M: 0.0% v -0.1%e; Y/Y: 3.5% v 3.5%e
– (SP) Spain May CPI EU Harmonized M/M: -0.1% v -0.1%e; Y/Y: 3.4% v 3.4%e
– (SP) Spain May CPI Core M/M: 0.1% v 0.0%e; Y/Y: 2.1% v 2.0%e
– (SW) Sweden May CPI Headline Rate M/M: 0.2% v 0.2%e; Y/Y: 3.3% v 3.4%e; CPI Level: 312.02 v 312.28e
– (SW) Sweden May CPI Underlying CPIF M/M: 0.1% v 0.1%e; Y/Y: 1.7% v 1.8%e
– (CZ) Czech Apr Current Account (CZK): -6.7BB v -4.2Be
– (UK) May CPI M/M: 0.2% v 0.2%e; Y/Y: 4.5% v 4.5%e; CPI Core Y/Y: 3.3% v 3.5%e
– (UK) May RPI M/M: 0.3% v 0.3%e; Y/Y: 5.2% v 5.2%e; RPIX Y/Y: 5.3% v 5.2%e; Retail Price Index: 235.2 v 235.3e
– (UK) Apr DCLG UK House Prices Y/Y: -0.3% v -0.2%e

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