Trade the News Market Internals Update 5/11/11

***Looking Ahead***

– 11:00 (US) Fed to purchase $6-8B in Notes/Bonds
– 11:15 (EU) ECB’s Orphanides speaks at Brussels Finance Conference
– 12:15 (US) Fed’s Lockhart speaks on U.S. Economic Outlook in Atlanta
– 12:15 (GE) German Econ Min Bruederle briefs on Skills Shortages
– 13:00 (US) Fed’s Kocherlakota speaks on Monetary Policy in New York
– 13:00 (US) Treasury to sell $24B in 10-Year Notes
– 13:00 (MX) Mexico Central Bank 1Q Inflation Report
– 14:00 (US) Apr Monthly Budget Statement: -$41.0Be v -$82.7B prior
– 19:50 (JP) Japan Mar Trade Balance – BOP Basis: ¥305.0Be v ¥723.3B prior

5:50 AM TradeTheNews.com European Market Update: BOE ups its hawkish stance on inflation and signals rate hike from Q3

***Economic Data***

– (GE) Germany Apr Final Consumer Price Index M/M: 0.2% v 0.2%e; Y/Y: 2.4% v 2.4%e
– (GE) Germany Apr Final CPI EU Harmonized M/M: 0.3% v 0.2%e; Y/Y: 2.7% v 2.6%e
– (GE) Germany Apr Wholesale Price Index M/M: 0.2% v 1.3% prior; Y/Y: 9.2% v 10.9% prior
– (FR) France Mar Current Account: -€4.1B v -€5.1B prior
– (HU) Hungary Apr Consumer Prices M/M: 0.6% 0.7%e; Y/Y: 4.7% v 4.7%e
– (SP) Spain Mar House transactions Y/Y: -11.9% v +10.5% prior
– (TU) Turkey Mar Current Account: -$9.8b v -$8.2Be
– (UK) Mar Visible Trade Balance: -£7.7B v -£7.5Be; Total Trade Balance: -£3.0B v -£3.3Be; Trade Balance Non EU: -£4.5B v -£3.5Be
– (PO) Portugal Apr Consumer Price Index M/M: 0.4% v 1.6% prior; Y/Y: 4.1% v 4.0% prior
– (PO) Portugal Apr CPI EU Harmonized M/M: 0.6 v 1.6% prior; Y/Y: 4.0% v 3.9% prior
– (UK) Bank of England Releases Quarterly Inflation Report : Inflation rate likely to remain above 2% target through 2012; Signals interest rate hike from Q3
– (IR) Ireland Mar Industrial Production M/M: -1.0% v -2.0% prior; Y/Y: -5.4% v -0.3% prior

This information was brought to you courtesy of TradetheNews.com, for your free trial Click Here