Initial jobless claims fell more than expected during the latest week, while retail sales bounced back in November.
Producer prices fell 0.8% last month.
The Federal Reserve, along with four other central banks, extended an existing policy that makes it cheaper for banks around the world to borrow U.S. dollars through February 2014. Previously, the policy was set to expire in February 2013.
Yesterday, the Fed moved to extend its bond buying program and to maintain low rates until the unemployment rate falls to 6.5% or inflation exceeds 2.5% a year.
European markets are down and Asian markets closed mixed.
The national average price of gasoline is down 1.4 cents to $3.301 per gallon.
0830 ET Weekly initial unemployment claims expected unch at 370,000, previous was -25,000 to 370,000. Weekly continuing claims expected +5,000 to 3.210 mln, previous was -100,000 to 3.205 mln.
0830 ET Nov PPI expected -0.5% m/m and +1.8% y/y, Oct -0.2% m/m and +2.3% y/y. Nov core PPI expected +0.2% m/m and +2.3% y/y, Oct -0.2% m/m and +2.1% y/y.
0830 ET Nov retail sales expected +0.5% m/m, Oct -0.3% m/m. Nov retail sales ex-autos expected unch m/m, Oct unch m/m. Nov retail sales ex autos and gas expected +0.3% m/m, Oct -0.3% m/m.
0830 ET USDA weekly Export Sales.
1000 ET Oct business inventories expected +0.4% m/m, Sep +0.7% m/m.
1100 ET Treasury announces 3, 5 and 7-year T-notes for Dec 17-19 and 5-year TIPS auction for Dec 20.
1300 ET Treasury auction of $13 billion in 30-year T-bonds.