Trade The News Market Internals Update

**Looking Ahead***
– (CO) Colombia Central Bank Interest rate Decision: Expected to raise the Overnight Lending Rate by 25bps to 3.75%
– (MX) Mexico Mar YTD Budget Balance: No est v €11.3B prior
– 11:00 (US) Fed to purchase $5-7B in Notes/Bonds
– 12:00 (CO) Colombia Mar Urban Unemployment Rate: 12.3%e v 13.2% prior
– 12:30 (US) Fed Chairman Bernanke speaks at Fed Community-Affairs
– 15:00 (AR) Argentina Mar Construction Activity M/M: No est v 1.3% prior; Y/Y: No est v 13.4% prior

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

– NYSE volume 170M shares, about 22% below its three-month average; advancers lead decliners by 1.1:1.
– NASDAQ volume 480M shares, about 3% above its three-month average; decliners lead advancers by 1.1:1.
– VIX index +0.25% at just over 14.00

5:54 AM TradeTheNews.com European Market Update: EU inflation accelerates in April; Spanish Unemployment at highest level since 1997

***Economic Data***

– (RU) Russia Central Bank raises Refinancing Rate by 25bps to 8.25%; Not expected
– (RU) Russia Narrow Money Supply (RUB): 5.87T v 5.82T prior
– (FI) Finland Feb Final Trade Balance: -€13M v -€10M prelim
– (GE) Germany Mar Retail Sales M/M: -2.1% v +0.2%e ; Y/Y: -3.5% v 1.4%e
– (SA) South Africa Mar Private Sector Credit Y/Y: 5.1% v 5.9%e; M3 Money Supply Y/Y: 6.5% v 7.8%e
– (FR) France Mar Producer Prices M/M: 0.9% v 0.7%e; Y/Y: 6.6% v 6.4%e
– (SP) Spain Apr Preliminary Consumer Price Index Y/Y: 3.8% v 3.6% prior; CPI EU Harmonized Y/Y: 3.5% v 3.4%e
– (SP) Spain Mar Adjusted Real Retail Sales Y/Y: -8.6% v -4.9%e; Real Retail Sales Y/Y: -7.9% v -4.8% prior
– (SP) Spain Q1 Unemployment Rate: 21.3% v 20.7%e
– (HU) Hungary Mar Producer Prices M/M: 0.0% v 0.2% prior; Y/Y: 6.6% v 7.1%e
– (NO) Norway Apr Unemployment Rate: 2.8% v 2.8%e
– (TU) Turkey Mar Trade Balance: -$9.8 v -$7.8Be
– (TH) Thailand Mar Business Sentiment: 54.1 v 52.3 prior
– (TH) Thailand Mar Current Account: $1.9B v $2.8Be; Total Trade Account Balance: $1.9B v $2.0B prior; Overall Trade Balance: $1.4B v $4.3B prior
– (SW) Sweden Mar Household Lending Y/Y: 7.3% v 7.5% prior
– (SW) Sweden Mar Retail Sales M/M: -0.8% v +0.2%e; Y/Y: 0.7% v 2.8%e
– (SW) Sweden Feb Non-Manual Workers Wages Y/Y: 1.5% v 1.6% prior
– (CZ) Czech Money Supply Y/Y:2.5 % v 2.8% prior
– (EU) Euro Zone Mar M3 Money Supply Y/Y: 2.3% v 2.2%e; M3 Money Supply 3 month avg: 2.0% v 1.9%e
– (IT) Italy Mar Preliminary Unemployment Rate: 8.3% v 8.4%e
– (TT) Taiwan Q1 Preliminary GDP Y/Y: 6.2% v 5.0%e
– (SP) Spain Feb Current Account: -€5.4B v -€6.6B prior
– (HK) Hong Kong Mar M2 Money Supply Y/Y: 7.2% v 8.0% prior
– (EU) Euro-Zone Apr CPI Estimate Y/Y: 2.8% v 2.7%e
– (EU) Euro Zone Apr Business Climate: 1.28v 1.40e; Consumer Confidence: -11.6 v -11.4e; Economic Confidence: 106.2 v 107.0e; Industry Confidence: 5.8 v 6.6e; Services Confidence: 10.4 v 10.5e
– (EU) Euro Zone Mar Unemployment Rate: 9.9% v 9.9%e
– (IT) Italy Apr Preliminary CPI (NIC incl. tobacco) M/M: 0.5% v 0.3%e; Y/Y: 2.6% v 2.4%e
– (IT) Italy Apr Preliminary CPI EU Harmonized M/M: 1.1% v 0.7%e; Y/Y: 3.0% v 2.6%e (highest since Oct 2008)
– (PO) Portugal Apr Consumer Confidence: -49.5v -48.4 prior; Economic Climate: -1.8 v -1.4 prior
– (HK) Hong Kong Mar Govt Mthly Budget Balance (HKD): -9.1B v -9.5B prior
– (GR) Greece Feb Retail Sales Y/Y: -7.0% v -13.7%e
– (SZ) Swiss Apr KOF Swiss Leading Indicator: 2.90v 2.20e

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