Earnings reports overshadow data

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This week begins quietly for economic data, but earnings reports remain active.

Today's releases begin with industrial production for September a 9:15 a.m. ET. Forecasters expect an increase of 0.3 percent, down from 0.4 percent in August. Capacity utilization, announced at the same time, is projected to increase to 78 percent from 77.8 percent. Neither headline is likely to move markets, though they could provide useful clues on the state of the non-consumer economy.

Pending home sales follow at 10 a.m. ET but aren't tracked by economists.

Biogen Idec, Merck, and Sohu.com report earnings before the opening bell. Apple, Hartford, Masco, Riverbed Technology, and Seagate Technology announce in the afternoon.

September's retail sales release, delayed by the recent government shutdown, come out tomorrow, along with producer prices, the Case-Shiller index of home prices, and consumer confidence.

Tomorrow's notable pre-market earnings include Archer Daniels Midland, Aetna, Goodyear Tire & Rubber, Pfizer, Valero Energy, and U.S. Steel. Gilead Sciences, Baidu, LinkedIn, Leap Wireless, Western Union and Take-Two Interactive follow after the closing bell.

European economic sentiment comes early Wednesday. ADP's private-sector payroll report and the Federal Reserve's monetary announcement come later in the session. Consumer prices and crude-oil inventories will also be released.

Thursday brings weekly jobless claims. Friday is awash in global manufacturing data: purchasing managers indexes in Europe and China, plus the Institute of Supply Management's key monthly index in the United States.



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