Bernanke address leads calendar

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The only event on today's calendar is a speech by Federal Reserve Chairman Ben Bernanke.

The address to the Chicago Fed Banking Conference begins as the market opens at 9:30 a.m. ET. Investors will probably monitor his comments closely for clues about the direction of monetary policy.

Next week begins on a more active note, with Chinese industrial production early in the morning and U.S. retail sales an hour before the opening bell. Both have the potential to influence trading.

Tuesday brings the German ZEW survey of economic sentiment and European industrial-production numbers. German and French GDP follow on Wednesday, while U.S. data will include the New York Fed's Empire regional survey and the NAHB's homebuilder-sentiment index.

Initial jobless claims, housing starts, and building permits will be released the next day. Friday's main headline is consumer sentiment 25 minutes into the trading session.

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