Trade the News Market Internals update

***Looking Ahead***

– 11:00 (US) Fed to purchase $6.5-8.5B in Notes/Bonds
– 11:30 (US) Treasury to sell 4-Week and $24B in 12-month Bills
– 12:00 (GE) German Chancellor Merkel attends German WWII Refugees Event
– 12:30 (IT) ECB Draghi Holds Press conference on financial stability
– 12:45 (US) Fed’s Kocherlakota gives Welcome Remarks in Minneapolis
– 12:45 (US) Fed’s Lockhart to give welcome at Stone Mountain, Georgia
– 13:00 (US) Fed’s Plosser to moderate panel at Stone Mountain, Georgia
– 14:00 (US) Minutes of FOMC Meeting
– 16:30 (US) API Energy Inventories

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

– NYSE volume 165M shares, about 23% below its three-month average; advancers lead decliners by 1.1:1.
– NASDAQ volume 460M shares, about 2% above its three-month average; decliners lead advancers by 1.1:1.
– VIX index +1% at just over 17.00

5:51 AM TradeTheNews.com European Market Update: Portugal encounters another sovereign downgrade

***Economic Data***

– (IR) Ireland Mar NCB Services PMI: 51.1 v 55.1 prior
– (SW) Sweden Mar Swedbank PMI Service: 61.2 v 62.4 prior
– (SP) Spain Mar Services PMI: 48.7 v 50.8 prior
– (IT) Italy Mar PMI Services: 53.3 v 52.2e
– (FR) France Mar Final PMI Services: 60.4 v 60.7e
– (GE) Germany Mar Final PMI Services: 60.1 v 60.1e
– (EU) Euro Zone Mar Final PMI Services: 57.2 v 56.9e; Composite PMI:57.6 v 57.5e
– (UK) Mar PMI Services: 57.1 v 52.6e; Highest since Feb 2010
– (SA) South Africa Mar SACCI Business Confidence: 88.3 v 86.4 prior
– (RU) Russia Q1 Current Account: $31.8B v $33.3B y/y
– (EU) Euro Zone Feb Retail Sales M/M: -0.1% v +0.1%e; Y/Y: 0.1 v 0.7%e
– (PO) Portugal Feb Industrial Sales M/M: 3.9% v -6.9% prior; Y/Y: 15.2% v 7.8% prior

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