Trade the News Market Internals Update

***Looking Ahead***

– (BR) Brazil Central Bank (COPOM) Interest Rate Decision: Expected to raise the SELIC Target Rate by 25bps to 12.25%
– 11:00 (US) Fed to purchase $5-7B in Notes/Bonds
– 12:00 (EU) EU’s Rehn speaks at Conference in Koenigstein, Germany
– 13:00 (US) Treasury to sell $21B in 10-Year Notes Reopening
– 14:00 (US) Fed’s Beige Book
– 14:20 (US) Fed’s Hoenig speaks in Steamboat Springs, Colorado

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

– NYSE volume 180M shares, about 10% below its three-month average; decliners lead advancers by 1.9:1.
– NASDAQ volume 425M shares, about 7% below its three-month average; decliners lead advancers by 2.1:1.
– VIX index +0.5% at just over 18.00

5:45 AM TradeTheNews.com European Market Update: Markets await to see if OPEC raises production levels

***Economic Data***

– (SZ) Swiss May Unemployment Rate: 2.9% v 3.0%e; Unemployment Rate seasonally Adj: 3.0% v 3.1%e
– (GE) Germany Apr Current Account: €8.8 v €11.0Be; Trade Balance: €10.9 v €14.9Be; Exports M/M: -5.5% v -3.0%e; Imports M/M: -2.5% v -0.3%e
– (FR) France Apr Central Govt. Balance: -€61.4B v -€33.6B prior
– (FR) France Apr Trade Balance: -€7.1B v -€6.0Be
– (CZ) Czech May Unemployment Rate: 8.2% v 8.2%e
– (TU) Turkey Apr Industrial Production WDA M/M: -0.6% v -0.3% prior; Y/Y: 8.4% v 10.6% prior; Industrial Production NSA Y/Y: 8.3% v 9.7%e
– (SW) Sweden Apr Service Production M/M: 0.3% v 0.6% prior; Y/Y: 5.6%e v 4.8%e
– (CZ) Czech Q1 Current Account: +€811.0M v -€842.8M prior
– (TT) Taiwan May Total Trade Balance: $1.2B v $2.5Be; Total Exports Y/Y: 9.5% v 8.1%e; Total Imports Y/Y: 19.3% v 11.6%e
– (NO) Norway Apr Industrial Production M/M: -1.7% v -1.5% prior; Y/Y: -8.7% v -6.5% prior
– (NO) Norway Apr Manufacturing Production M/M: -1.1% v +0.5%e; Y/Y: 0.6% v 3.1%e
– (EU) Euro Zone Q1 Preliminary GDP Q/Q: 0.8% v 0.8%e; Y/Y: 2.5% v 2.5%e
– (EU) Euro Zone Q1 Preliminary Household Consumption: 0.3% v 0.3%e; Govt Expenditures Q/Q: 0.8% v 0.1%e; Gross Fix Capital Q/Q: 2.1% v 1.8%e
– (IC) Iceland Q1 GDP Q/Q: +2.0% v -1.5% prior; Y/Y: +3.4% v 0.0% prior
– (GR) Greece Apr Industrial Production Y/Y: -11.0% v -8.0% prior
– (GR) Greece Mar Unemployment Rate: 16.2% v 15.9% prior
– (SA) South Africa May SACCI Business Confidence: 85.8 v 86.9 prior
– (GE) Germany Apr Industrial Production M/M: -0.6% v +0.2%; Y/Y: 9.6% v 10.0%e

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