Lots of data at 12:30 GMT this morning. Retail sales is by far the most important report of the day. Traders will be especially focused on the ex-autos number as “cash for clunkers” is expected to boost the headline. The expectation is for a 2% rise overall with 0.4% seen ex-autos.
PPI is expected to rise 0.8% with the core up 0.1%.
Empire State Manufacturing is expected to edge up to 14 in September from 12 in August.