Trade the News Market Internals Update

***Looking Ahead***

– 11:00 (US) Fed to purchase $5-7B in Notes/Bonds
– 11:30 (US) Treasury to sell $27B in 3-Month and $24B in 6-Month Bills
– 12:00 (CA) ECB’s Trichet speaks in Montreal, Canada
– 12:30 (BR) Brazil May Vehicle Sales: K v 289.2K prior; Vehicle Production: K v 280.1K prior; Vehicle Exports: Kt v 48.7K prior
– 12:50 (EU) EU President Van Rompuy with Serbia’s Tadic press conference
– 13:00 (MX) Mexico May IMEF Manufacturing Index: v 52.6e v 53.1 prior; Non Manufacturing Index: 53.2e v 53.0 prior
– 13:15 (US) Treasury Sec Geithner speaks to Bankers in Atlanta
– 14:00 (EU) EU’s Rehn and Juncker speak to EU Parliament Panel in Strasbourg
– 15:45 (US) Fed Chairman Bernanke delivers remarks,
– 16:00 (CA) Canada Fin Min Flaherty reintroduces 2011-12 Budget
– 17:30 (US) Fed’s Fisher speaks in New York
– (AU) Australia Central Bank (RBA) Interest Rate Decision: Expected to hold the Cash Target steady at 4.75%

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

– NYSE volume 175M shares, about 13% below its three-month average; decliners lead advancers by 2.7:1.
– NASDAQ volume 395M shares, about 13% below its three-month average; decliners lead advancers by 2.1:1.
– VIX index +2.6% at just over 18.00

5:43 AM TradeTheNews.com European Market Update: Quiet markets ahead of key rate decisions later this week

***Economic Data***

– (CZ) Czech Apr Construction Output Y/Y: -6.0% v 4.6% prior; Industrial Output Y/Y: 4.7% v 8.0%e
– (CZ) Czech Apr Trade Balance (CZK): 12.6B v 15.0Be
– (SP) Spain Apr Industrial Output WDA Y/Y: -1.6% v 1.5%e; Industrial Output NSA Y/Y: -4.1% v 1.4% prior
– (SZ) Swiss May Foreign Currency Reserves (CHF): 193.8B v 199.9B prior
– (UK) May New Car Registrations Y/Y: -1.7% v -7.4% prior
– (EU) Jun Sentix Investor Confidence: 3.5 v 8.6e
– (EU) Euro Zone PPI M/M: 0.9% v 0.8%e; Y/Y: 6.7% v 6.6%e

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