Market Internals update at 12:00ET

***Looking Ahead***

– 11:00 (US) Fed to Purchase $5-7B in Notes/Bonds
– 13:00 (US) Treasury to sell 10-Year Notes Reopening
– 13:30 (US) Tsy Sec Geithner at House Appropriation subcommitted
– 15:00 (NZ) New Zealand Central Bank interest rate decision: Expected to cut the Official Cash rate by 25bps to 2.75%
– 19:00 (SP) Bank of Spain to tell lenders how much capital they must Raise
– 18:50 (JP) Japan Q4 Final GDP Annualized: -1.25e v -1.1% prior
– 21:00 (CH) China Feb Trade Balance: No est v $6.5B prior; Exports Y/Y: No est v 37.7% prior; Imports Y/Y: No est v 51.0% prior

10:32 AM Market Internals update at 10:30ET

– NYSE volume 185M shares, about 14% below its three-month average; decliners lead advancers by 1.2:1.
– NASDAQ volume 505M shares, about 14%above its three-month average; decliners lead advancers by 1.3:1.
– VIX index +3.5% at just over 20.00

5:50 AM TradeTheNews.com European Market Update: European peripheral bond yields continue to rise

***Economic Data***

– (TH) Thailand Central Bank raised the Benchmark Interest Rate by 25bps to 2.50%; as expected
– (UK) Feb BRC Shop Price Index y/y: 2.7% v 2.5% prior (largest increase since Nov 2008)
– (FR) France Jan Central Gov’t Balance: -€13.5B v -€148.8B prior
– (CZ) Czech Feb CPI M/M: 0.1% v 0.2%e ; Y/Y: 1.8% v 2.0%e
– (CZ) Czech Jan Trade Balance (CZK): 15.7B v 13.6Be
– (SZ) Swiss Feb CPI M/M: 0.4% v 0.3%e; Y/Y: 0.5% v 0.4%e
– (SZ) Swiss Feb CPI EU Harmonized M/M: 0.3% v 0.0% prior; Y/Y: 0.5% v 0.2% prior
– (SW) Sweden Jan Industrial Production M/M: 4.1% v 0.8%e; Y/Y: 15.0% v 9.9%e
– (SW) Sweden Jan Industrial Orders M/M: -1.6% v 0.8% prior; Y/Y: 12.1% v 17.7% prior
– (UK) Jan Visible Trade Balance: -£7.1B v -£8.5Be; Total Trade Balance: -£3.0B v -£4.0Be; Trade Balance Non EU: -£4.2B v -£5.2Be
– (GE) Germany Jan Industrial Production M/M: 1.8% v 1.7%e; Y/Y: 12.5% v 11.1%e

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