March 23, 2011

Market Internals update

***Looking Ahead***

– (AR) Argentina Mar Consumer: No ests v 53.96 prior
– 11:00 (EU) Euro Zone Mar Advanced Consumer Confidence: -11.0e v -10.8 prior
– 11:00 (PO) Portugal Full Congress session begins; Austerity vote expected later
– 11:00 (US) Fed to purchase $6.5-8.5B in Notes/Bonds
– 12:00 (US) Fed Chairman Bernanke speaks to Bankers in San Diego
– 13:00 (GE) German Chancellor Merkel At Baden-Wuerttemberg Election Rally
– 15:00 (AR) Argentina Feb Trade Balance: $201Me v $513M prior
– 15:00 (AR) Argentina Feb Industrial Production M/M: No est v -5.6% prior; Y/Y: 9.2%e v 10.3% prior
– 19:50 (JP) Japan Feb Total Merchandise Trade Balance: ¥883.4Be v -¥471.4B prior; Adjusted Merchandise Trade Balance: ¥709.2Be v ¥191.8B prior
– 22:30 (CH) China Mar HSBC Flash PMI

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

– NYSE volume 185M shares, about 14% below its three-month average; decliners lead advancers by 2.5:1.
– NASDAQ volume 400M shares, about 11% below its three-month average; decliners lead advancers by 2.7:1.
– VIX index +3% at just over 20.00

6:33 AM TradeTheNews.com European Market Update: Euro holds steady despite rising peripheral concerns

***Economic Data***

– (SA) South Africa Jan Leading Indicator: 134.2 v 132.6 prior
– (HU) Hungary Mar Economic Sentiment: -10.7 v -5.1 prior; Business Confidence: -1.3 v 2.9 prior; Consumer Confidence: -37.3 v -27.7 prior
– (HU) Hungary Jan Retail Trade Y/Y: +0.1% v -0.4%e
– (SA) South Africa Feb CPI (all items) M/M: 0.7% v 0.7%e; Y/Y: 3.7% v 3.7%e
– (TT) Taiwan Feb Industrial Production Y/Y: 13.3% v 16.3%e; Commercial Sales Y/Y: 4.7% v 11.6%e
– (SW) Sweden Mar Consumer Confidence: 19.0 v 20.3e; Economic Tendency: 112.7 v 113.0e; Manufacturing Confidence: 13.0 v 9e
– (DE) Denmark Mar Consumer Confidence: -0.8v -2.0e
– (NO) Norway Jan AKU Unemployment Rate: 3.2% v 3.4%e
– (PD) Poland Feb Retail Sales M/M: +1.8% v -2.5%e; Y/Y: 12.2% v 7.4%e
– (PD) Poland Feb Unemployment Rate: 13.2% v 13.2%e
– (UK) Bank of England March Minutes: Split vote of 6-3-1 to leave interest rates unchanged and APT at £200B (Same as Feb)
– (UK) Feb BBA Loans for House Purchase: 29.9K v 29.4Ke
– (EU) Euro Zone Jan Industrial New Orders M/M: 0.1% v 1.0%e; Y/Y: 20.9% v 21.4%e

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