Trade the News Market Internals Update

***Looking Ahead***

– (PE) Peru Apr Trade Balance: No est v $817.0M prior
– 14:00 (US) May Monthly Budget Statement: -$160.0Be v -$135.9B prior

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

– NYSE volume 155M shares, about 23% below its three-month average; decliners lead advancers by 4.5:1.
– NASDAQ volume 395M shares, about 13% below its three-month average; decliners lead advancers by 2.9:1.
– VIX index +3.75% at just over 18.00

5:47 AM TradeTheNews.com European Market Update: Weaker UK production data blamed on one-off events

***Economic Data***

– (IN) India Apr Industrial Production Y/Y: 4.4% v 5.5%e
– (FI) Finland Apr Industrial Production M/M: 0.5% v 0.9%e; Y/Y: 4.9% v 4.1%e
– (FI) Finland Apr Final Retail Sales Volume Y/Y: 4.8% v 4.8%e
– (GE) Germany May Final Consumer Price Index M/M: 0.0% v 0.0%e; Y/Y: 2.3% v 2.3%e
– (GE) Germany May Final CPI EU Harmonized M/M: -0.2% v -0.2%e; Y/Y: 2.4% v 2.4%e
– (GE) Germany May Wholesale Price Index M/M: 0.0% v 0.2% prior; Y/Y: 8.9% v 9.2% prior
– (FR) France Apr Industrial Production M/M: -0.3% v +0.4%e; Y/Y: 2.6% v 3.9%e
– (FR) France Apr Manufacturing Production M/M: 0.2% v 0.3%e; Y/Y: 4.1% v 4.1%e
– (AS) Austria Q1 Final WIFO GDP Q/Q: 0.9% v 1.0% prelim; Y/Y: 4.2% v 4.2% prelim
– (SP) Spain Apr House transactions Y/Y: -29.7% v -11.9% prior
– (DE) Denmark May CPI M/M: 0.2% v 0.1%e; Y/Y:2.1 % v 3.0%e
– (DE) Denmark May CPI EU Harmonized M/M: 0.2% v 0.1%e; Y/Y: 3.1% v 3.0%e
– (SW) Sweden Apr Industrial Production M/M: -0.7% v +0.3%e; Y/Y: 12.0% v 13.0%e
– (SW) Sweden Apr Industrial Orders M/M: -0.1% v +0.9% prior; Y/Y: 9.2% v 8.0% prior
– (IT) Italy Q1 Final GDP Q/Q: 0.1% v 0.1%e; Y/Y: 1.0% v 1.0%e
– (NO) Norway May CPI M/M: % v -0.3%e; Y/Y: % v 1.4%e
– (NO) Norway May CPI Underlying M/M: % v -0.1%e; Y/Y: % v 1.1%e
– (NO) Norway May Producer Prices (incl Oil) M/M: -2.1% v +2.3% prior; Y/Y: 18.0% v 20.0% prior
– (UK) Bank of England Quarterly Inflation Attitudes Survey: 1-year CPI Expectations: 3.9% v 4.0% prior; First QoQ decline since Feb 2009
– (UK) Apr Industrial Production M/M: -1.7% v 0.0%e; Y/Y: -1.2% v +1.3%e
– (UK) Apr Manufacturing Production M/M: -1.5% v -0.1%e; Y/Y: 1.3% v 3.4%e
– (UK) May PPI Input M/M: -2.0% v-1.0%e; Y/Y: 15.7% v 16.2%e
– (UK) May PPI Output M/M: 0.2% v 0.3%e; Y/Y: 5.3% v 5.3%e
– (UK) May PPI Output Core M/M: 0.2% v 0.3%e; Y/Y: 3.4% v 3.4%e
– (RU) Russia Apr Trade Balance: $19.3B v $18.2Be

Fixed income:

– (IT) Italy Debt Agency (Tesoro) sold €6.0B vs. €6.0B Indicated in 12-month Bills; Avg Yield 2.147% v 2.106% prior; Bid-to-cover: 1.71x v 1.70x prior
– (SA) South Africa sold total ZAR600M in 2022, 2028 and 2033 inflation linked bonds

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