Retail sales top economic calendar


Retail sales at 8:30 a.m. ET are the main item on today's calendar of economic data.

The Commerce Department is expected to report an increase of 0.2 percent for July, down from growth of 0.4 percent increase the previous month. Higher readings would likely be bullish, especially for consumer-related stocks.

Germany's Zew survey of investor sentiment, announced overnight, could affect U.S. trading as well.

Export and import prices come out at 8:30 a.m. ET but are unlikely to move stock prices.

Brocade Communications, Cree, and JDS Uniphase will also report quarterly results after today's close.

Tomorrow's agenda includes European economic growth numbers, plus earnings from Deere and Macy's in the morning. Networking giant Cisco Systems and cloud-computing stock NetApp follow in the afternoon.

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