On the economic front, the Thomson Reuters/University of Michigan July preliminary consumer sentiment index fell to 72. This is the lowest reading since the December’s print at 73.2.
Producer prices unexpectedly rose 0.1 percent in June. This comes even after energy prices fell sharply.
THE WEEK AHEAD
TUESDAY: CPI, treasury int’l capital, industrial production, housing market index, Ben Bernanke speaks, Cleveland Fed Pres speaks
WEDNESDAY: Weekly mortgage apps, housing starts, Ben Bernanke speaks, Fed’s Beige Book
THURSDAY: Jobless claims, existing home sales, Philadelphia Fed survey, leading indicators
FRIDAY: No economic news scheduled.