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 4-Week Bills
– 12:45 (US) Fed’s Lacker speaks on Economic Outlook in Arlington, VA
– 13:00 (US) Treasury to sell $32B in 3-Year Notes
– 16:30 (US) API Energy Inventories
– 22:00 (CH) China Apr Consumer Price Index Y/Y: 5.2%e v 5.4% prior; Producer Price Index Y/Y: 7.0%e v 7.3% prior
– 22:00 (CH) China Apr Industrial Production Y/Y: 14.6%e v 14.8% prior; Industrial Production YTD: 14.5%e v 14.4% prior
– 22:00 (CH) China Apr Retail Sales Y/Y: 17.6%e v 17.4% prior; Retail Sales YTD: 16.7%e v 16.3% prior

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

– NYSE volume 160M shares, about 26% below its three-month average; advancers lead decliners by 3.4:1.
– NASDAQ volume 470M shares, about even to its three-month average; advancers lead decliners by 2.8:1.
– VIX index -4.5% at just over 16.00

– NOTE: NYSE volume may notably decrease going forward following a 1-10 reverse stock split in Citigroup (C). Before the reverse split, Citi was the most active stock on the NYSE, trading about 500M shares a day.

5:51 AM TradeTheNews.com European Market Update: Merry-go-round session on the peripheral outlook

***Economic Data***

– (SZ) Swiss Apr SECO Consumer Confidence: -1 v +10e
– (FI) Finland Industrial Production M/M: -1.2% v +0.5%e; Y/Y: 0.1% v 5.0%e
– (FR) France Mar Industrial Production M/M: -0.9% v+ 0.4%e; Y/Y: 3.3% v 4.7%e
– (FR) France Mar Manufacturing Production M/M: -1.0% v +0.4%e; Y/Y:4.6% v 5.9%e
– (CZ) Czech Apr CPI M/M: 0.3% v 0.3%e; Y/Y: 1.6% v 1.6%e
– (CZ) Czech Mar Trade Balance (CZK): 21.5B v 15.8Be
– (HU) Hungary Mar Preliminary Trade Balance: €831.1M v €717.5Me
– (DE) Denmark CPI M/M: 0.4% v 0.3%e; Y/Y: 2.9% v 2.8%e
– (DE) Denmark CPI EU Harmonized M/M: 0.4% v 0.3%e; Y/Y: 2.8% v 2.6%e
– (SZ) Swiss Apr CPI M/M: 0.1% v 0.5%e; Y/Y: 0.3% v 0.6%e
– (SZ) Swiss Apr CPI EU Harmonized M/M: 0.0% v 0.7% prior; Y/Y: 0.1% v 1.0% prior
– (SW) Sweden Mar Industrial Production M/M: 0.9% v 0.4%e; Y/Y: 15.0% v 12.3%e
– (SW) Sweden Mar Industrial Orders M/M: 1.1% v 1.7% prior; Y/Y: 8.4% v 14.6% prior
– (NV) Netherlands Apr CPI M/M: 0.5% v 1.2% prior; Y/Y: 2.1% v 2.1%e
– (NV) Netherlands Apr CPI EU Harmonized M/M: 0.6% v 1.4% prior; Y/Y: .2% v 2.0% prior
– (NV) Netherlands Mar Industrial Production M/M: -2.0% v -0.3%e; Y/Y: 3.3% v 9.4% prior; Industrial Sales Y/Y: 17.4% v 23.3% prior
– (NO) Norway Apr CPI M/M: 0.5% v 0.2%e; Y/Y: 1.3% v 1.1%e
– (NO) Norway Apr CPI Underlying M/M: 0.8% v 0.4%e; Y/Y: 1.3% v 0.8%e
– (NO) Norway Apr Producer Prices incl.Oil M/M: 2.3% v 2.5% prior; Y/Y: 20.0% v 21.4% prior
– (IT) Italy Mar Industrial Production M/M: 0.4% v 0.8%e; Y/Y: 0.8% v 3.0%e; Industrial Production WDA Y/Y: 3.1% v 4.0%e
– (GR) Greece Mar Industrial Production Y/Y: -8.0% v -4.8% prior
– (PO) Portugal Mar Construction Works Index: 74.7 v 72.1 prior
– (PO) Portugal Mar Trade Balance: -€1.6B v -€1.3B prior

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