U.S. stock futures pared earlier gains after two economic readings, but still point to a positive start.
Sales at U.S. retailers rose more than expected in October, but the previous month was revised lower. The details of the report were mixed, with some signs of life showing in retail sales, but the consumer remains cautious. In a separate report, the Empire State manufacturing Index, which measures activity in the New York area, fell to 23.51 from 34.57. A report on business inventories is still to come.
On Tuesday, the Producer Price Index will be released along with the Industrial Production report and the NAHB housing market index. Wednesday brings the Consumer Price Index for October and reports on housing starts and building permits. The weekly jobless claims, the index of Leading Indicators, and the Philadelphia Fed Survey will be released on Thursday, and there is nothing scheduled Friday.
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