March 24, 2011

Market Internals update

***Looking Ahead***

– 12:00 (CO) Colombia Q4 GDP Y/Y: 4.1%e v 3.6% prior; 2010 GDP Annualized: 4.0%e v 0.8% prior
– 13:00 (SZ) SNB’s Danthine holds speech in Zurich
– 13:00 (FR) France Feb Net Change Jobseekers: No est v -19.3K prior; Total Jobseekers: No est v 2.703M prior
– 16:00 (US) Jan RPX Composite 28day Y/Y: No est v -3.63% prior; RPX Composite 28day Index: No est v 186.61 prior
– 11:00 (US) Fed to purchase $5.5-7.5B in Notes/Bonds
– 13:00 (US) Treasury to s$11.0B in 10 Year TIPS Reopening
– 19:30 (US) Fed’s Duke speaks to Economists in Virginia

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

– NYSE volume 180M shares, about 15% below its three-month average; advancers lead decliners by 1.1:1.
– NASDAQ volume 440M shares, about 2% below its three-month average; advancers lead decliners by 1.2:1.
– VIX index -2% at just over 18.00

6:35 AM TradeTheNews.com European Market Update: Euro continues to deflect peripheral concerns

***Economic Data***

– (PH) Philippines Central Bank Interest raised the Overnight Borrowing Rate by 25bps to 4.25%; Embarked on a tightening cycle
– (IN) India Primary Articles WPI w/e Mar 12th: Y/Y: No est v 12.3% prior; Food Articles WPI Y/Y: No est v 9.4% prior
– (FR) France Mar Business Confidence: 109 v 105e; Production Outlook: 21 v 19 prior; Own-Company Production Outlook: 25 v 17 prior
– (FR) France Mar Preliminary PMI Manufacturing: 56.6 v 56.0e; PMI Services: 60.7 v 59.5e
– (CZ) Czech Mar Business Confidence: 13.6 v 14.1 prior; Consumer Confidence: -19.0 v -11.5 prior; Composite: 7.1 v 9 prior
– (SP) Spain Jan Mortgages-capital loaned Y/Y: -21.0% v -31.5% prior; Mortgages on Houses Y/Y: -7.9% v -17.0% prior
– (GE) Germany Mar Advanced PMI Manufacturing: 60.9 v 62.0e; PMI Services: 60.1 v 58.4e
– (HK) Hong Kong Feb Trade Balance (HKD): -25.1B v -27.0Be; Exports Y/Y: 24.9% v 10.3%e; Imports Y/Y: 25.2% v 14.2%e
– (NV) Netherlands Q4 Final GDP Q/Q: 0.6% v 0.6%e; Y/Y: 2.5% v 2.4%e
– (SW) Sweden Feb PPI M/M: 0.0% v 0.5%e; Y/Y: 0.3% v 0.7%e
– (EU) Euro Zone Mar Advanced PMI Manufacturing: 57.7v 58.3e v 59.0 prior; PMI Services: v 56.3e v 56.8 prior; PMI Composite: 57.8e v 58.2 prior
– (IT) Italy Mar Consumer Confidence 105.2 v 106.0e
– (UK) Feb Retail Sales Ex Auto Fuel M/M: -1.0% v-0.6%e; Y/Y: 1.2% v 2.5%e
– (UK) Feb Retail Sales M/M: -0.8% v -0.6%e; Y/Y: 1.3% v 2.4%e
– (RU) Russia Gold & Forex Reserve w/e Mar 18th: $500.0B v $497.3B prior

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