What to watch, courtesy of Yahoo! Finance's Elizabeth Trotta
World stocks mostly rose and U.S. futures are pointing to a higher open amid optimism ahead of a teleconference between the leaders of Greece, France and Germany. European stocks advanced even as Moody's cut its rating for two of France's biggest banks.
In the U.S., the Mortgage Bankers Association reported weekly mortgage applications rose for the first time in a month as interest rates fell. The index of mortgage application activity jumped 6.3%, while an index reflecting refinancing applications rose by 6%.
Also of note, today marks three years since Bank of America bought Merrill Lynch — tomorrow will be three years since Lehman Brothers announced its bankruptcy filing. The New York Times takes a look at the deals three years later.
7 a.m. MBA Mortgage Index
8:30 a.m. Producers Price Index
8:30 a.m. Retail Sales
10 a.m. Business Inventories
10:30 a.m. Crude Oil Inventories