Trade the News Market Internals Update

**Looking Ahead***

– 11:00 (US) Fed to purchase $6-8B in Notes/Bonds
– 11:30 (US) Treasury to sell 4-Week and 52-week Bills
– 12:00 (IC) Iceland Q1 Current Account (ISK): no est v -54B prior
– 12:00 (IT) Italy May New Car Registrations Y/Y: No est v -2.2% prior
– 12:25 (US) Fed’s Pianalto speaks on Labor Markets in Columbus, OH
– 13:00 (IT) Italy May Budget Balance: no est v -€8.8B prior; Budget Balance YTD: no est v -€40.1B prior
– 13:30 (EU) ECB’s Trichet speaks in Aachen, Germany
– 16;30 (US) API Energy Inventories
– 17:00 (US) May Total Vehicle Sales: 12.85Me v 13.14M prior; Domestic Vehicle Sales: 9.80Me v 10.20M prior

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

– NYSE volume 195M shares, about 4% below its three-month average; decliners lead advancers by 2.8:1.
– NASDAQ volume 435M shares, about 5% below its three-month average; decliners lead advancers by 2.6:1.
– VIX index +6.6% at just over 16.00

5:48 AM TradeTheNews.com European Market Update: Softer Manufacturing data calms risk appetite sentiment

***Economic Data***

– (IN) India May Markit Manufacturing PMI: 57.5 v 58.0 prior
– (JP) Japan May Vehicle Sales Y/Y: -38.0% v -51.0% prior
– (FR) France Q1 ILO Unemployment Rate: 9.7% v 9.4%e; Mainland Unemployment Rate: 9.2% v 9.0%e; Mainland Unemployment Change: -7K v -22K prior
– (IN) India Apr Trade Balance: -$9.0B v -$5.6B prior; Exports Y/Y: 34.4% v 43.9% prior; Imports Y/Y: 14.1% v 17.3% prior
– (IR) Ireland NCB Manufacturing PMI: 51.8 v 56.0 prior
– (AU) Australia May RBA Commodity Price Index: 107.3 v 106.1 prior
– (SW) Sweden May Swedbank PMI Survey: 56.1 v 59.2e
– (TU) Turkey May Manufacturing PMI: 50.6 v 52.7 prior
– (PD) Poland May Manufacturing PMI: 52.2 v 54.4 prior
– (HU) Hungary May PMI: 52.3 v 56.9 prior; Lowest reading since Sept 2010
– (NO) Norway May PMI: 56.9 v 55.4e
– (DE) Denmark Apr Retail Sales M/M: 0.9% v 0.5%e; Y/Y: +8.1% v -7.7% prior
– (SP) Spain May Manufacturing PMI: v 50.6 prior
– (SZ) Swiss Apr Real Retail Sales Y/Y: +7.5% v -0.2% prior
– (TH) Thailand Central Bank raises the Benchmark Interest Rate by 25bps to 3.00%; As Expected
– (SZ) Swiss May SVME-Purchasing Managers Index: 59.2 v 57.5e
– (CZ) Czech Apr Manufacturing PMI: 55.9 v 59.0 prior
– (IT) Italy May PMI Manufacturing: 52.8 v 53.5e
– (FR) France May Final PMI Manufacturing: 54.9 v 55.0e
– (GE) Germany May Final PMI Manufacturing:57.7 v 58.2e
– (EU) Euro Zone May Final PMI Manufacturing: 54.6 v 54.8e
– (GR) Greece May PMI Manufacturing: 44.5 v 46.8 prior
– (UK) May PMI Manufacturing: 52.1 v 54.1e
– (UK) Apr Net Consumer Credit: £0.5B v £0.2Be; Net Lending: £0.7 v £0.7Be
– (UK) Apr Mortgage Approvals: 45.2K v 47.0Ke
– (UK) Apr M4 Money Supply M/M: 0.1% v 0.1% prior; Y/Y: -0.9% v -1.1% prior; M4 Ex OFCs 3M Annualized: -2.0 v 0.5% prior
– (DE) Denmark May PMI Survey: 58.0 v 64.6 prior
– (SA) South Africa May Kagiso PMI: 56.0e v 56.4 prior
– (IR) Ireland May Live Register Monthly Change : +2.6K v -1.6K prior; Unemployment Rate: 14.8 v 14.7% prior

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