Futures were mostly flat this morning as investors’ concern over sovereign debt issues continue.
There are no market-moving reports scheduled for today. On Tuesday, the Commerce Department is expected to report that wholesale business inventories for December fell 0.6% after falling 1.5% in the previous month. The December trade balance is due Wednesday before the open. The trade gap is expected to have narrowed to $35 billion from $36.4 billion. The January Treasury budget, due out that afternoon, is expected to have narrowed to $60 billion from $91.9 billion in December. Weekly crude inventories are also out that morning. The January retail sales report and the weekly jobless claims number is scheduled for Thursday, and the University of Michigan’s Consumer sentiment index will be released Friday.
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