Economic Data Preview
(0830 ET/1230 GMT) The U.S. Commerce Department is expected to report that retail sales rose 0.6 percent in September, compared with a 0.3 percent decline in August. Excluding autos, retail sales are likely to rise 0.4 percent, after edging down 0.1 percent in the previous month.
(0830 ET/1230 GMT) The U.S. producer price index is forecast to have increased 0.6 percent in September, after remaining unchanged in August. PPI excluding food and energy is expected to rise 0.2 percent after falling 0.1 percent in the prior month.
(1000 ET/1400 GMT) The University of Michigan is likely to report that U.S. preliminary consumer sentiment index rose to 91.9 in October, compared to a final reading of 91.2 in September.
(1000 ET/1400 GMT) The U.S. Commerce Department is expected to report that business inventories increased 0.2 percent in August, after staying unchanged in July.
(1300 ET/1700 GMT) Baker Hughes reports U.S. Oil Rig Count.
(1400 ET/1800 GMT) The U.S. government is expected to report a budget surplus of $25 billion for the month of September, as compared with a deficit of $107 billion in August.
Key Events Ahead
(0830 ET/1230 GMT) Federal Reserve Bank of Boston President Eric Rosengren is expected to give welcome and opening remarks at the "The Elusive 'Great' Recovery: Causes and Implications for Future Business Cycle Dynamics" conference hosted by the Federal Reserve Bank of Boston.
N/A Bank of England Governor Mark Carney's speech.
(1200 ET/1600 GMT) Federal Reserve Bank of Cleveland President Loretta J. Mester will participate in a roundtable discussion with Common Good Ohio, which is affiliated with the Center for Popular Democracy's Fed Up campaign in Cleveland.
(1330 ET/1730 GMT) Federal Reserve Chair Janet Yellen speaks on "Macroeconomic Research After the Crisis" at a conference hosted by the Federal Reserve Bank of Boston.
