Trade the News Market Internals Update

**Looking Ahead***

– 11:00 (US) Fed to purchase $1.5-2.5B in Notes/Bonds
– 13:15 (US) Fed’s Kocherlakota speaks on Monetary Policy in California
– 17:00 (CO) Colombia Apr Consumer Price Index M/M: 0.4%e v 0.3% prior; Y/Y: 3.1%e v 3.2% prior

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

– NYSE volume 220M shares, about 1% above its three-month average; decliners lead advancers by 2.2:1.
– NASDAQ volume 490M shares, about 5% above its three-month average; decliners lead advancers by 1.6:1.
– VIX index +1.8% at just over 17.00

5:52 AM TradeTheNews.com European Market Update: Another disappointing UK economic release ahead of key central bank rate decisions

***Economic Data***

– (IR) Ireland Apr NCB Services PMI: 50.2 v 55.1 prior
– (IN) India Primary Articles WPI w/e Apr 23rd Y/Y: 12.1% v 12.1% prior; Food Articles WPI Y/Y: 8.5% v 8.8% prior
– (SZ) Swiss Apr Foreign Currency Reserves (CHF): 199.9B v 206.1B prior
– (RU) Russia Gold & Forex Reserve w/e Apr 29th: $523.9B v $517.9B prior
– (SW) Sweden Mar Service Production M/M: 0.5% v 0.3% prior; Y/Y: 5.7% v 4.9%e
– (SP) Spain Apr Consumer Confidence: 73.2 v 68.3 prior
– (TT) Taiwan Apr CPI Y/Y: 1.3% v 1.4%e; WPI Y/Y: 4.5% v 5.6%e
– (TT) Taiwan Apr Foreign Exchange Reserves: $399.5B v $392.63B prior
– (PH) Philippines Central Bank (BSP) raised the Overnight Borrowing Rate by 25bps to 4.50%; As expected
– (UK) Apr PMI Services: 54.3 v 56.0e
– (SA) South Africa Apr SACCI Business Confidence: 86.9 v 88.3 prior
– (IC) Iceland Mar Final Trade Balance (ISK): 6.3B v 6.5B prelim
– (GE) Germany Mar Factory Orders M/M: -4.0% v 0.4%e; Y/Y: 9.7% v 15.4%e
– (IR) Ireland Apr Live Register Monthly Change: -1.6K v +10.5K prior; Unemployment Rate: 14.6% v 14.7% prior
– (MA) Malaysia Central Bank raised the Overnight Rate by 25bps to 3.0% ; Not expected

This information was brought to you courtesy of TradetheNews.com, for your free trial Click Here