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 Bills and $24B in 52-Week Bills
– 13:00 (MX) Mexico Apr IMEF Manufacturing Index: 54.4e v 54.1 prior; Non Manufacturing Index: 53.0e v 53.1 prior
– 16:30 (US) API Energy Inventories
– 17:00 (US) Apr Total Vehicle Sales: 13.0Me v 13.06M prior; Domestic Vehicle Sales: 9.90Me v 9.94M prior

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

– NYSE volume 210M shares, about 3% below its three-month average; decliners lead advancers by 1.6:1.
– NASDAQ volume 530M shares, about 13% above its three-month average; decliners lead advancers by 1.5:1.
– VIX index +1.2% at just over 16.00

5:54 AM TradeTheNews.com European Market Update: India’s RBI hikes more than expected; UK PMI Manufacturing disappoints

***Economic Data***

– (IN) India Central Bank (RBI) Interest Rate Decision raised the Repo and Reverse Repo Rates by 50bps each to 7.25% and 6.25% respectively. Maintained the Cash Reserve Ratio (CRR) unchanged at 6.00%
– (IR) Ireland Apr NCB Manufacturing PMI: 56.0 v 55.7 prior
– (DE) Denmark Mar Unemployment Rate: 4.0% v 4.0%e; Gross Unemployment Rate: 5.9% v 6.0%e
– (TU) Turkey Apr Consumer Prices M/M: 0.9% v 1.0%e; Y/Y: 4.3% v 4.4%e
– (TU) Turkey Apr Producer Prices M/M: 0.6% v 1.2% prior; Y/Y: 8.1% v 10.1% prior
– (BR) Brazil Apr FIPE CPI: 0.7% v 0.7%e
– (HK) Hong Kong Mar Retail Sales Value Y/Y: 26.0% v 18.8%e; Retail Sales Volume Y/Y: 20.0% v 13.8%e
– (UK) Apr PMI Manufacturing: 54.6 v 57.0e; Lowest reading in seven months)
– (EU) Euro-Zone Mar PPI M/M: 0.7% v 0.7%e; Y/Y: 6.7% v 6.6%e
– (SA) South Africa Apr Kagiso PMI: 56.4 v 57.2 prior
– (SA) South Africa Q1 Unemployment: 25.0% v 24.0% prior
– (UK) Apr CBI Industrial Trends Reported Sales:21 v 15e

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