Canada retail sales to be released at the bottom of the hour. Richmond Fed index at 10 AM

The Canada retail sales will be released at the bottom of the hour. Expectations are for:

• retail sales -0.5% (vs. preliminary estimate of -0.5%)
• ex autos -0.6% vs. 0.7% last month

Canada will also release their new housing price index for October. Last month new housing prices fell -0.1%.

And 10 AM ET, the Richmond Fed composite index for the month of November will be released. Last month the index fell -10. The services index fell -8 in the manufacturing shipments fell -3.

The US treasury will complete their auction cycle for the week by selling 7 year notes at 1 PM ET.

Fed's Mester is expected to speak at 11 AM ET, him him while Fed's Bullard is expected to speak at 2:45 PM.

The US futures are implying that the Dow industrial average is now up 123 points. The S&P index is up 15.5 points and the NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term index is trading up 34 points in premarket trading.