Trade the News Market Internals Update

**Looking Ahead***

– (PE) Peru Central Bank Interest Rate Decision: Expected to raise the Reference Rate by 25bps to 4.50%
– 11:00 (US) Fed to purchase $6-8B in Notes/Bonds
– 11:30 (US) Fed’s Yellen speaks on Housing in Cleveland
– 12:00 (LX) ECB’s Mersch presents annual BCL Report
– 13:00 (US) Treasury to sell $13B in 30-Year Bonds Reopening
– 22:00 (CH) China May Trade Balance: $19.8Be v $11.4B prior

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

– NYSE volume 167M shares, about 16% below its three-month average; advancers lead decliners by 1.7:1.
– NASDAQ volume 380M shares, about 16% below its three-month average; advancers lead decliners by 1.8:1.
– VIX index -6% at just over 17.00

9:28 AM [SPSC]SPS CommerceBVCF IV, L.P prices 1.2M share offering at $16.50/shr

– Will not receive any of the proceeds from the offering of shares by the selling stockholder.

5:45 AM TradeTheNews.com European Market Update: ECB codewords to be key on next likely rate hike; Greek Q1 GDP revised lower

***Economic Data***

– (FR) France Q1 Final Non-Farm Payrolls Q/Q: 0.4% v 0.4%e
– (GE) Germany Q1 Adj Labor Costs: Q/Q: 2.0% v 0.8% prior; Y/Y: 2.8 % v 1.1% prior
– (JP) Japan May Preliminary Machine Tool Orders Y/Y: 34.2% v 32.3% prior
– (ID) Indonesia Central Bank leaves the Reference Rate unchanged at 6.75%; As expected
– (IN) India Primary Articles WPI w/e May 28th Y/Y: 11.5% v 10.9% prior; Food Articles WPI Y/Y: 9.0% v 8.1% prior
– (FR) Bank of France May Business Sentiment: 103 v 106e
– (CZ) Czech May CPI M/M: 0.5% v 0.3%e; Y/Y: 2.0% v 1.8%e
– (CZ) Czech Q1 Final GDP Q/Q: 0.9% v 0.6% prelim; Y/Y: 2.8% v 2.5% prelim
– (HU) Hungary Q1 Final GDP Q/Q: 0.7% v 0.7% prelim; Y/Y: 2.5% v 2.4% prelim
– (HU) Hungary Apr Preliminary Trade Balance: €479.0M v €570.3Me
– (DE) Denmark Apr Current Account: (DKK): 10.1BB v 8.0Be; Trade Balance ex-shipping: 7.0BB v7.0Be
– (DE) Denmark Apr Industrial Production M/M: 2.6% v 2.1% prior; Industrial Orders M/M: -3.6% v -22.0% prior
– (RU) Russia Gold & Forex Reserve w/e Jun 3rd: $522.8B v $518.3B prior
– (SW) Sweden May Budget Balance (SEK):31.1 B v 38.0B prior
– (NE) Netherlands May CPI M/M: 0.1% v 0.1%e; Y/Y: 2.3% v 2.2%e
– (NE) Netherlands May CPI EU Harmonized M/M: 0.1% v 0.6% prior; Y/Y: 2.4% v 2.2% prior
– (NE) Netherlands Apr Industrial Production M/M: -0.3% v +0.5%e; Y/Y: 0.8% v 3.3% prior; Industrial Sales Y/Y: 13.0% v 17.4% prior
– (UK) Apr Visible Trade Balance -£7.4B v -£7.6Be; Total Trade Balance: -£2.8B v -£3.0Be; Trade Balance Non EU: -£4.3B v -£4.4Be
– (IC) Iceland May Preliminary Trade Balance (ISK): 6.8B v 6.0B prior
– (PO) Portugal May Consumer Price Index M/M: -0.1% v +0.4% prior; Y/Y: 3.8% v 4.1% prior
– (PO) Portugal May CPI EU harmonized M/M: -0.1% v +0.6% prior; Y/Y: 3.7% v 4.0% prior
– (GR) Greece May Consumer Price Index Y/Y: 3.3 v 3.9% prior; CPI EU Harmonized Y/Y: 3.1% v 3.7% prior
– (GR) Greece Q1 Final GDP QQ: 0.2% v 0.8% prelim; Y/Y: -5.5% v -4.8% prelim
– (SA) South Africa Apr Gold Production Y/Y: 1.5% v 0.6% prior; Mining Production Y/Y: 12.4% v 0.2% prior
– (PO) Portugal Apr Construction Works Index: 70.0 v 75.4 prior
– (PO) Portugal Q1 Final GDP Q/Q: -0.6% v -0.7% prelim; Y/Y: -0.6 v -0.7% prior
– (PO) Portugal Apr Trade Balance: -€1.5B v -€1.6B prior
– (IR) Ireland May CPI M/M: 0.1% v 0.4% prior; Y/Y: 2.7% v 3.2% prior
– (IR) Ireland May CPI EU Harmonized M/M: 0.0% v 0.3% prior; Y/Y: 1.2 v 1.5% prior

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