Trade the News Market Internals Update

**Looking Ahead***

– (BR) Brazil Central Bank (COPOM) Interest rate Decision: Expected to raise the SELIC Target by 50bps to 12.25%
– 11:00 (US) Fed to purchase $1-2B in TIPS
– 11:30 (EU) EU’s Juncker speaks on Euro Economic Governance in Brussels
– 15:00 (AR) Argentina Mar Industrial Production M/M: No est v 1.4% prior; Y/Y: 9.5%e v 9.0% prior

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

– NYSE volume 225M shares, about 1% above its three-month average; advancers lead decliners by 7.1:1.
– NASDAQ volume 560M shares, about 19% above its three-month average; advancers lead decliners by 5.5:1.
– VIX index -7.2% at just over 14.00

5:53 AM TradeTheNews.com European Market Update: BOE minutes mirror its Feb and March views; Risk appetite aids equities, commodities while USD limps on

***Economic Data***

– (GE) Germany Mar Producer Prices M/M: 0.4% v 0.8%e; Y/Y: 6.2% v 6.6%e
– (DE) Denmark Apr Consumer Confidence: 2.0 v 0.5e
– (GR) Greece Feb Current Account: -€2.0B v -€2.8B prior
– 3:30 (TH) Thailand Central Bank raised the Benchmark Interest Rate by 25bps to 2.75%; As Expected
– (NV) Netherlands Apr Consumer Confidence: -7e v -8 prior
– (SW) Sweden Central Bank (Riksbank) raised the Repo Rate by 25bps to 1.75%; As expected
– (SA) South Africa Mar CPI (all items) M/M: 1.2% v 1.0%e; Y/Y: 4.1% v 4.0%e
– (TT) Taiwan Mar Export Orders Y/Y: 13.4% v 4.7%e
– (IT) Italy Feb Industrial Orders M/M: 1.9% v 0.8%e; Y/Y: 16.2% v 17.8%e
– (IT) Italy Feb Industrial Sales M/M: 1.5% v 1.0% prior; Y/Y: 12.8% v 8.0% prior
– (SP) Spain Feb Trade Balance: -€3.3B v -€4.9B prior
– (IC) Iceland Central Bank (Sedlabanki) leavess 7-day Lending Rate at 4.00%; Not Expected
– (IC) Iceland Q1 Unemployment Rate: 7.8% v 7.4% prior
– (IC) Iceland Mar Wage Index M/M: 0.3% v 0.2% prior; Y/Y: 4.4% v 4.2% prior
– (MA) Malaysia Mar CPI Y/Y: 3.0% v 3.1%e
– (UK) UK April Inflation Expectations for Year Ahead M/M: 2.9% v 3.5% prior (lowest level since Sept 2010) – Citi-YouGov

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