Trade the News Market Internals Update

***Looking Ahead***

– 11:00 (EU) Euro-Area Finance Ministers meet in Brussels
– 11:00 (US) Fed to purchase $1-2B in TIPS
– 11:30 (US) Treasury to sell $27B in 3-Month and $24B in 6-month Bills
– 12:45 (CA) Bank of Canada Governor Carney speaks in Ottawa
– 14:05 (CA) Bank of Canada Governor Carney Press Conference
– 18:00 (SZ) SNB’s Jordan Speaks in Geneva
– 21:30 (AU) RBA minutes
– 22:00 (CH) China Actual Foreign Direct Investment (FDI) Y/Y: 36.1%e v 32.9% prior

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

– NYSE volume 175M shares, about 17% below its three-month average; decliners lead advancers by 1.1:1.
– NASDAQ volume 455M shares, about 2% below its three-month average; decliners lead advancers by 2.1:1.
– VIX index +0.35% at just over 17.00

5:54 AM TradeTheNews.com European Market Update: Euro Zone Finance Ministers meet in Brussels; US set to hit debt ceiling

***Economic Data***

– (PH) Philippines Mar Overseas Workers Remittances: $1.6B v $1.5B prior
– (IN) India Apr Wholesale Prices Y/Y: 8.7% v 8.4%e
– (CZ) Czech Mar Export Price Index Y/Y: 1.6% v 0.2% prior; Import Price Index Y/Y: 5.3% v 4.3% prior
– (CZ) Czech Apr PPI (Industrial) M/M: 0.8% v 0.6%e; Y/Y: 6.4% v 6.2%e
– (DE) Denmark Apr Wholesale Prices M/M: 0.7% v 1.4% prior; Y/Y: 8.3% v 9.0% prior
– (TU) Turkey Apr Consumer Confidence: 93.5 v 93.4 prior
– (TU) Turkey Feb Unemployment Rate: 11.5% v 11.9% prior
– (CZ) Czech Mar Current Account (CZK): +2.7B v -6.7Be
– (IT) Italy Mar Total Trade Balance: -€3.9B v -€3.6B prior; Trade Balance EU: €-1.1B v -€892M prior
– (NO) Norway Apr Trade Balance (NOK): 39.2B v 32.3B prior
– (EU) Euro Zone Apr CPI M/M: 0.6% v 0.6%e; Y/Y: 2.8% v 2.8%e; Core CPI Y/Y: 1.6% v 1.5%e
– (EU) Euro Zone Mar Trade Balance Seasonally Adj: -€0.9B v -€2.1B; Trade Balance: €2.8B v €2.0Be
– (IT) Italy Apr Final CPI (NIC incl. Tobacco) M/M: 0.5% v 0.5%e; Y/Y: 2.6% v 2.6%e
– (IT) Italy Apr Final CPI EU Harmonized M/M: 1.0% v 1.1%e; Y/Y: 2.9% v 3.0%e
– (IS) Israel Q1 Advanced GDP Annualized: 4.7% v 5.0%e
– (PO) Portugal Q1 YTD Labor Costs Y/Y: 0.9% v 4.1% prior

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