U.S. stock index futures were lower this morning after the major averages had their strongest week in almost a year.
Alcoa unofficially starts the earnings season by reporting today after the close, although reports will not pick up in earnest until next week. There are no economic items of significance due today, but there will be plenty to focus on starting tomorrow.
The international trade report and the Treasury budget will be revealed tomorrow. On Wednesday, we will see data on retail sales and get the latest FOMC minutes. Thursday will be busy with the Producer Price Index, the Empire State Manufacturing Index, the Philadelphia Fed Survey, a report on Industrial Production, and the weekly jobless claims. We end the week with the Consumer Price Index, the Treasury International Capital report, and the University of Michigan Consumer Sentiment Index.
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