Trade the News Market Internals Update

***Looking Ahead***

– (PE) Peru Feb Trade Balance: No est v $234.0M prior
– 11:30 (US) Treasury to sell 4-Week Bills
– 13:00 (US) Treasury to sell $32B in 3-Year Notes
– 13:00 (EU) EU President Van Rompuy meets Cypriot President in Nicosia
– 14:00 (US) Mar Monthly Budget Statement: -$189.0Be v -$222.5B prior
– 14:45 (US) Fed’s Tarullo testifies on Derivatives Regulation
– 14:50 (US) Fed’s Fisher moderates Panel in Dallas on Growth
– 16:30 (US) API Weekly Energy Inventories
– 17:00 (CL) Chile Central Bank Interest Rate Decision: Expected to raise the Nominal Overnight Rate by 50bps to 4.50%

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

– NYSE volume 215M shares, about 2% below its three-month average; decliners lead advancers by 3.2:1.
– NASDAQ volume 450M shares, about 4% below its three-month average; decliners lead advancers by 3.2:1.
– VIX index +8% at just over 17.00

5:50 AM TradeTheNews.com European Market Update: China continues its verbal support for the Euro Zone; UK Mar inflation data softer than expected

***Economic Data***

– (ID) Bank of Indonesia left the Reference Rate unchanged at 6.75%; As expected
– (GE) Germany Mar Final Consumer Price Index M/M: 0.5% v 0.5%e; Y/Y: 2.1% v 2.1%e
– (GE) Germany Mar Final CPI EU Harmonized M/M: 0.6% v 0.5%e; Y/Y: 2.3% v 2.2%e
– (JP) Japan Mar Preliminary Machine Tool Orders Y/Y: 49.5 v 73.9% prior
– (FR) France Feb Current Account: -€5.2B v -€4.1B prior
– (HU) Hungary Mar Consumer Prices M/M: 1.1% v 0.7%e; Y/Y: 4.5% v 4.2%e
– (SP) Spain Mar Consumer Price Index M/M: 0.7% v 0.7%e; Y/Y: 3.6% v 3.6%e
– (SP) Spain Mar CPI EU Harmonized M/M: 2.4% v 2.3%e; Y/Y: 3.3% v 3.3%e
– (SP) Spain Mar CPI Core M/M: 0.5% v 0.6%e; Y/Y: 1.7% v 1.8%e
– (SW) Sweden Mar Headline CPI Headline M/M: 0.7% v 0.8%e; Y/Y: 2.9% v 2.9%e; CPI Level: 310.11 v 310.85e
– (SW) Sweden Mar Underlying CPI Headline M/M: 0.4% v 0.7%e; Y/Y: 1.5% v 1.7%e
– (SW) Sweden Mar PES Unemployment Rate 4.3% v 4.4%e
– (UK) Feb DCLG UK House Prices Y/Y: 0.7% v 0.1%e
– (UK) Feb Visible Trade Balance: -£6.8B v -£8.0Be; Total Trade Balance: -£2.4B v -£4.0Be; Trade Balance Non EU: -£2.9B v -£4.0Be
– (UK) Mar CPI M/M: 0.3% v 0.6%; Y/Y: 4.0% v 4.4%e; Core CPI Y/Y: 3.2% v 3.3%e
– (UK) Mar RPI M/M: 0.5% v 0.6%e; Y/Y: 5.3% v 5.5%e; RPIX Y/Y: 5.4% v 5.5%e
– (GE) Germany Apr ZEW Economic Sentiment: 7.6v 11.3e; Current Situation: 87.1 v 85.2e
– (EU) Euro Zone Apr ZEW Economic Sentiment: 19.7 v 31.0 prior
– (PO) Portugal Mar Consumer Price Index M/M: 1.6% v 0.0% prior; Y/Y: 4.0% v 3.5% prior
– (PO) Portugal Mar CPI EU Harmonized M/M: 1.6% v -0.1% prior; Y/Y: 3.9% v 3.5% prior