German index is main economic report


Today's economic calendar is relatively light, with no market-moving data scheduled for release in the United States.

The Commerce Department will release the country's trade balance at 8:30 a.m. ET, followed by wholesale inventories at 10 a.m. Both reports cover October, and are unlikely to impact sentiment.

A potentially more important report is scheduled for 5 a.m. ET, when Germany's Zew center for economic research will release its index of investor confidence. A strong reading could boost European indexes and support the S&P 500 early in the session, while a weak figure could have the opposite effect.

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