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Producer prices top agenda today

Producer prices for November are the only item on today's economic calendar.

Economists expect an overall decline of 0.1 percent, following a drop of 0.2 percent in October. Excluding food and energy, an increase of 0.1 percent is estimated, down from 0.2 percent in the previous month. The Bureau of Labor statistics will release the numbers at 8:30 a.m. ET. The report will probably have little impact on sentiment because inflation is not a concern at present.

The calendar remains quiet until the Federal Reserve's monetary-policy announcement in the middle of next week. Monday brings the New York Fed's regional Empire activity index and industrial production, and Tuesday is empty.

Wednesday is the busiest day of the week, with housing starts in addition to the Fed's statement in the afternoon. FedEx, General Mills, Lennar, Oracle, and Paychex report earnings as well.

Thursday brings initial jobless claims, the Philadelphia Fed's activity index and existing home sales. Accenture, ConAgra, Darden Restaurants, Rite Aid, Nike, and Red issue quarterly results.

Friday brings numbers from BlackBerry, Finish Line, CarMax and Walgreen, along with revised economic-growth numbers for the third quarter.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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