May 17, 2011

Trade the News Market Internals Update

***Looking Ahead***

– 11:00 (US) Fed to purchase $5-7B in notes/bonds
– 11:30 (US) Treasury to Sell 4-Week Bills
– 16:30 (US) Weekly API Energy Inventories
– 17:00 (CO) Colombia Mar Trade Balance: $150.0Me v $362.6M prior

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

– NYSE volume 190M shares, about 10% below its three-month average; decliners lead advancers by 1.2:1.
– NASDAQ volume 470M shares, about 1% above its three-month average; decliners lead advancers by 1.4:1.
– VIX index -0.75% at just over 18.00

5:51 AM TradeTheNews.com European Market Update: UK CPI comes in above expectations; European periphery Bill auctions go off without any hitches

***Economic Data***

– (FI) Finland Apr PPI M/M: 0.1% v 1.1% prior; Y/Y: 7.3% v 7.8% prior
– (JP) Japan Apr Final Machine Tool Orders Y/Y: 32.3% v 32.3% prior
– (EU) Euro Zone Apr EU 25 New Car Registrations: -4.1% v -5.0% prior
– (SW) Sweden Q1 Total Number of Employees Y/Y: 2.8% v 1.6% prior
– (SW) Sweden Apr Average House Prices (SEK): 2.035M v 2.057M prior
– (SA) South Africa Apr CPI (all items) M/M: 0.3% v 0.5%e; Y/Y: 4.2% v 4.4%e
– (UK) Mar DCLG UK House Prices Y/Y: 0.9% v 0.7% prior
– (UK) Apr CPI M/M: 1.0% v 0.7%e; Y/Y: 4.5% v 4.1%e; Core CPI Y/Y: 3.7% v 3.2%e
– (UK) Apr RPI M/M: 0.8% v 0.8%e; Y/Y: 5.2% v 5.2%e; RPIX Y/Y: 5.3% v 5.3%e; Retail Price Index: 234.4 v 234.8e
– (GE) Germany May Zew Economic Sentiment: 3.1 v 4.5e; Current Situation: 91.5 v 87.5e ((highest reading on record)
– (EU) Euro Zone May Zew Economic Sentiment: 13.6 v 17.3e

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