Trade the News Market Internals Update

**Looking Ahead***

– 11:00 (US) Fed to purchase $1-2B in TIPS
– 11:30 (IR) Ireland Finance Ministry releases April exchequer returns
– 12:00 (SI) RBNZ Governor Bollard to speak in Singapore
– 15:30 (US) Fed’s Williams makes First Policy Speech
– 17:00 (CO) Colombia Apr Producer Price Index M/M: No est v 0.9% prior; Y/Y: 11.8%e v 4.9% prior
– 19:00 (US) Fed’s Lockhart speaks on U.S. Economic Outlook in Atlanta
– 20:30 (UK) BOE’s Bailey speaks at BSA Annual Conference

10:31 AM Market Internals update at 10:30ET

– NYSE volume 220M shares, about 1% above its three-month average; decliners lead advancers by 2.8:1.
– NASDAQ volume 510M shares, about 9% above its three-month average; decliners lead advancers by 2.1:1.
– VIX index +5% at just over 17.00

5:55 AM TradeTheNews.com European Market Update: European Service PMI below expectations; Euro Zone Retail Sales declines

***Economic Data***

– (IN) India Apr Markit Services PMI: 59.2 v 58.8 prior
– (UK) Apr Nationwide House prices M/M: -0.2% v +0.1%e; Y/Y: -1.3% v -0.7%e
– (HU) Hungary Feb Final Trade Balance: €831.0M v €816.4M prelim
– (SP) Spain Apr Net Unemployment M/M: -64.3K v +34.4K prior
– (PD) Poland Apr Manufacturing PMI: 54.4 v 54.8 prior
– (SP) Spain Apr Services PMI: 50.4 v 48.7 prior
– (IT) Italy Apr PMI Services: 52.2 v 53.0e
– (FR) France Apr Final PMI Services: 62.9 v63.4e
– (GE) Germany Apr Final PMI Services: 56.8 v 57.7e
– (EU) Euro Zone Apr Final PMI Services: 56.7 v 56.9e; PMI Composite: 57.8 v 57.8e
– (NO) Norway Feb AKU Unemployment Rate: 3.1% v 3.3%e
– (NO) Norway Mar Retail Sales Volume M/M: -0.5% v +0.4%e; Y/Y: -5.4% v +3.6%e
– (UK) Apr PMI Construction: 53.3 v 55.9e
– (UK) Mar Net Consumer Credit: £0.1B v £0.6Be; Net Lending: £0.4B v £1.3Be
– (UK) Mar Mortgage Approvals: 47.6K v 48.0Ke
– (UK) Mar M4 Money Supply M/M: +0.1% v -0.3% prior; Y/Y: -1.1% v -1.4% prior ; M4 Ex OFCs 3M Annualized: 1.0% v 1.7% prior
– (EU) Euro Zone Retail Sales M/M: -1.0% v -0.1%e; Y/Y: -1.7% v 0.0%e
– (SA) South Africa Apr Naamsa Vehicle Sales Y/Y: 8.0% v 22.8% pri

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