Trade the news Market Internals update

***Looking Ahead***

– (GE) German Chancellor Merkel Host dinner for China’s Wen Jiabao
– 11:00 (US) Fed’s Kocherlakota speaks on leverage in Big Sky, Montana
– 11:00 (US) Fed to purchase $4-5B in Notes/Bonds
– 11:30 (US) Treasury to sell $27B in 3-Month and $24B in
– 12:00 (EU) ECB’s Stark speaks at event in Hamburg
– 13:00 (US) Fed’s Hoenig speaks in Washington
– 13:35 (US) President Obama delivers remarks
– 15:00 (AR) Argentina May Shop Center Sales Y/Y: No est v 16.30% prior

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

– NYSE volume 155M shares, about 17% below its three-month average; advancers lead decliners by 2.5:1.
– NASDAQ volume 380M shares, about 13% above its three-month average; advancers lead decliners by 1.9:1.
– VIX index +1% at just over 21.00

5:41 AM TradeTheNews.com European Market Update: Will Greek political leaders realize that they have no realistic alternatives?

***Economic Data***

– (FI) Finland Jun Consumer Confidence: 11.4 v 14.8e; Business Confidence: 6.0 v 8.0e
– (FI) Finland May Preliminary Retail Sales Volume Y/Y: 5.0% v 2.9%e
– (SW) Sweden May Trade Balance (SEK): 5.7B v 6.0Be
– (IT) Italy May Hourly Wages M/M: 0.0% v 0.1% prior; Y/Y: 1.8% v 1.8% prior
– (TT) Taiwan May Leading Index M/M: 0.3% v 0.3% prior; Coincident Index M/M: 0.5% 0.6% prior
– (VN) Vietnam Trade Balance: -$400M v -$1.4B prior
– (IC) Iceland Jun CPI M/M: 0.5% v 0.9% prior; Y/Y: 4.2% v 3.4% prior

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