July 5, 2011

Trade the News Market Internals Update at 14:00ET

**Looking Ahead***

– (BR) Brazil May CNI Capacity Utilization: 82.1%e v 82.0% prior
– 11:30 (US) Treasury to sell 3-Month and 6-month Bills
– 13:00 (GE) Germany’s Schaeuble Holds Speech in Honor of Steinbrueck
– 17:00 (CO) Colombia Jun Producer Price Index M/M: No est v 0.6% prior; Y/Y: No est v 4.8% prior

10:32 AM Market Internals update at 10:30ET

– NYSE volume 155M shares, about 17% below its three-month average; decliners lead advancers by 1.4:1.
– NASDAQ volume 355M shares, about 18% below its three-month average; decliners lead advancers by 1.4:1.
– VIX index +0.75% at just over 15.00

5:45 AM TradeTheNews.com European Market Update: UK PMI bucks trend and beats expectations

***Economic Data***

– (IR) Ireland Jun NCB Services PMI: 52.4 v 50.5 prior
– (SP) Spain Jun Services PMI: 50.2 v 50.9 prior
– (SW) Sweden Central Bank (Riksbank) raised interest rates by 25bps to 2.00%; As expected and maintained the current Repo rate path
– (IT) Italy Jun PMI Services: 47.4 v 49.6e; lowest reading since Aug 2009
– (FR) France Jun Final PMI Services: 56.1 v 56.7e
– (GE) Germany Jun Final PMI Services: 56.7 v 58.3e
– (EU) Euro Zone Jun Final PMI Services: 53.7 v 54.2e v 54.2 prelim; PMI Composite: 53.6e v 53.6 prior
– (TT) Taiwan Jun CPI Y/Y: 1.9% v 1.8%e v 1.7% prior; WPI Y/Y: 3.9% v 3.6%e
– (TT) Taiwan Jun Foreign Exchange Reserves: $400.3B v $398.6B prior
– (UK) Jun PMI Services: 53.9 v 53.5e
– (EU) Euro Zone Retail Sales M/M: -1.1% v -1.0%e; Y/Y: -1.9% v -0.6%e
– (SA) South Africa Jun SACCI Business Confidence: 86.8 v 85.8 prior
– (PO) Portugal May Industrial Sales M/M: +3.8% v -8.2% prior; Y/Y: 7.4 v 7.1% prior

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