Claims and PPI are highlights

The main event this week is Friday's CPI report but the sneak-preview comes on Thursday with PPI due out at 1230 GMT. The consensus is for a 0.2% m/m rise and 3.4% y/y rise. The numbers are at times seen as hint about CPI.

At the same time, initial jobless claims are also due and expected at 220K compared to 218K a week earlier.

At 1400 GMT, it's onto June wholesale sales and inventories.

More details are on the economic calendar.