Trade the News Market Internals Update

***Looking Ahead***

– (US) Summit at the White House w/Congressional leadership on Debt Ceiling
– (PE) Peru Central Bank Interest rate decision
– (US) DOE weekly Energy Inventories: Crude: -2.5Me; Gasoline: +250Ke; Distillate: +1Me; Utilization: 86.5% w/w
– 11:00 (US) DOE Weekly Energy Inventories
– 11:00 (GE) Meeting between German & Greek foreign and finance ministers
– 12:30 (US) Fed’s Hoenig speaks in Oklahoma

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

– NYSE volume 185M shares, about even to its three-month average; advancers lead decliners by 4.3:1.
– NASDAQ volume 445M shares, about 1% above its three-month average; advancers lead decliners by 3.9:1.
– VIX index -3.3% at just over 15.00

5:42 AM TradeTheNews.com European Market Update: ECB press conference seen as most significant in recent memory

***Economic Data***

– (GR) Greece Jun Consumer Price Index Y/Y: 3.3% v 3.3% prior; CPI EU Harmonized Y/Y: 3.1% v 3.1% prior
– (AU) Australia Jun Foreign Reserves: $41.1B v A$40.3B prior
– (SA) South Africa Jun Net Reserves: $47.2B v $46.2Be; Gross Reserves: $50.0B v $50.4Be
– (IN) India Primary Articles WPI w/e Jun 25th Y/Y: 11.6% v 11.8% prior; Food Articles WPI Y/Y: 7.6% v 7.8% prior
– (FR) France May Trade Balance: -€7.4B v -€5.7Be
– (RU) Russia Jun Official Reserve Assets: $534.5B v $525.0Be
– (CZ) Czech May Trade Balance (CZK): 14.4B v 11.0Be
– (HU) Hungary May Preliminary Industrial Production M/M: -0.8% v +0.7% prior; Y/Y: 2.6% v 6.5%e
– (SZ) Swiss Jun CPI M/M: -0.2% v -0.2%e; Y/Y: 0.6% v 0.7%e
– (SZ) Swiss Jun CPI EU Harmonized M/M: 0.0% v -0.1% prior; Y/Y: 0.6% v 0.3% prior
– (SW) Sweden May Service Production M/M: 0.4% v 0.3% prior; Y/Y: 5.3% v 5.1%e
– (SW) Sweden Jun Budget Balance (SEK): -20.4B v +31.1B prior
– (NV) Netherlands Jun CPI M/M: -0.5% v -0.4%e; Y/Y: 2.3% v 2.4%e
– (NV) Netherlands Jun CPI EU Harmonized M/M: -0.6% v -0.5%e; Y/Y: 2.5% v 2.5%e
– (RU) Russia Gold & Forex Reserve w/e Jul 1st: $526.7B v $524.3B prior
– (RU) Russia Q1 Consumer Confidence: -9 v -13 prior
– (TT) Taiwan Jun Total Trade Balance: $1.4B v $1.0Be; Total Exports Y/Y: 10.8% v 20.0%e; Total Imports Y/Y: 12.5% v 23.0%e
– (NO) Norway May Industrial Production M/M: -2.7% v -1.7% prior; Y/Y: -12.4% v -8.7% prior
– (NO) Norway May Manufacture Production M /M: 2.4% v 0.6%e; Y/Y: 5.6% v 2.8%e
– (UK) May Industrial Production M/M: 0.9% v 1.1%e; Y/Y: -0.8% v -0.5%e
– (UK) May Manufacturing Production M/M: 1.8% v 1.0%e; Y/Y: 2.8% v 2.1%e
– (SI) Singapore Jun Foreign Reserves: $242.3B v $239.9B prior
– (HK) Hong Kong June Forex Reserves: $277.2B v $276.9B prior
– (GE) Germany May Industrial Production M/M: 1.2% v 0.8%e; Y/Y: 7.6% v 7.0%e
– (MA) Malaysia Central Bank leaves the Overnight Rate unchanged at 3.00%; Not expected (market was looking for a 25bps hike)

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