April 28, 2011

Trade the News Market Internals Update

**Looking Ahead***

– 11:00 (US) Fed to purchase $5-7B in Notes/Bonds
– 13:00 (US) Treasury to sell $29B in 7-Year Notes

10:33 AM Market Internals update at 10:30ET

– NYSE volume 195M shares, about 10% below its three-month average; advancers lead decliners by 1.1:1.
– NASDAQ volume 450M shares, about 4% below its three-month average; decliners lead advancers by 1.3:1.
– VIX index -1.5% at just over 15.00

5:40 AM TradeTheNews.com European Market Update: USD bears feel confident that the Fed gave the green light for continued benign neglect

***Economic Data***

– (FI) Finland Q1 House Prices Q/Q: 1.0% v 0.2%e
– (FI) Finland Mar Preliminary Retail Sales Volume Y/Y: 2.1% v 2.1%e
– (FI) Finland Mar Unemployment Rate: 9.3% v 8.4%e
– (GE) Germany Mar Import Price Index M/M: 1.1% v 1.1%e; Y/Y: 11.3% v 11.3%e
– (GE) Germany Mar ILO Employment: 40.6M v 40.6M prior; Unemployment rate: 6.5% v 6.3% prior
– (IN) India Primary Articles WPI w/e Apr 16th Y/Y: 12.1% v 12.0% prior; Food Articles WPI Y/Y: 8.3% v 8.7% prior
– (FR) France Mar Consumer Spending M/M: -0.7% V 0.2%e; Y/Y: 2.6% V 3.7%e
– (RU) Russia Gold & Forex Reserve w/e Apr 22nd: $517.9B v $512.8B prior
– (HU) Hungary Mar Unemployment Rate: 11.6% V 11.5%e
– (SA) South Africa Feb Leading Indicator: 136.1 v 134.7 prior
– (SP) Spain Feb Mortgages-capital loaned Y/Y: -17.7% v -21.0% prior; Y/Y: -8.8% v -7.9% prior
– (SW) Sweden Apr Consumer Confidence: 17.6 v 17.5e; Economic Tendency: 109.8 v 112.0e
– (SW) Sweden Q1 Manufacturing Confidence: 7 v 12e
– (SW) Sweden Mar PPI M/M: 0.0% v 0.4%e; Y/Y: 1.7% v 2.1%e
– (SW) Sweden Mar Trade Balance (SEK): 9.6B v 9.0Be
– (GE) Germany Apr Unemployment Change: -37K v -37Ke; Unemployment Rate: 7.1% v 7.0%e
– (IT) Italy Apr Business Confidence: 103.0 v 103.5e
– (HK) Hong Kong Mar Trade Balance (HKD): -40.1B v -36.6Be; Exports Y/Y: 21.5% v 20.4%e; Imports Y/Y: 18.8% v 18.4%e
– (GR) ECB end-Feb funding to Greek banks at €90.4B v €94.4B m/m
– (IC) Iceland Apr CPI M/M: 0.8% v 1.0% prior; Y/Y: 2.8% v 2.3% prior
– (BE) Belgium Apr CPI M/M: 0.3% v 0.5% prior; Y/Y: 3.4% v 3.5% prior
– (SA) South Afrca Mar PPI M/M: 0.9% v 0.6%e; Y/Y: 7.3% v 7.2%e
– (IR) Ireland Mar Retail Sales Volume M/M: 0.1 v 3.1% prior; Y/Y: -1.7 v -0.6% prior
– (SP) Spain Feb Total Housing Permits M/M: 21.9% v -14.8% prior; Y/Y: 3.6% v 4.6% prior
– (IS) Israel Feb Unemployment Rate: 6.0% v 6.1% prior

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