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Retail sales, foreign data on tap

Retail sales are the main item on today's calendar of events.

The Commerce Department will announce the data for April at 8:30 a.m. ET. Economists are expecting gains of 0.3 percent overall and 0.6 percent excluding automobiles. The numbers rose 1.2 percent and 0.7 percent respectively in March.

There are also two noteworthy international releases earlier in the session: Chinese retail sales and Germany's Zew survey of economic sentiment. The U.S. retail data will probably overshadow both of those reports.

Canadian energy producer EnCana reports earnings before the opening bell, followed by Fossil and Take-Two Interactive Software in the afternoon.

Tomorrow morning brings results from Deere and Macy's, while Cisco Systems and Agilent Technologies report after the close. The economic agenda features European industrial production, mortgage applications, the producer-price index, crude-oil inventories, and Japanese economic growth in the evening.

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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