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Things to look out for today include US income and employment figures, as well as any information on annual results from Broadcom and Costco Wholesale.
Rising US prices: The US producer price index, which tracks inflation, is expected to rise 2.6 percent in November on the year, compared to 2.4 percent in October. The PPI figures come a day after data showed consumer prices rose 2.7 percent in the year to November, in line with forecasts and underscoring expectations that the Federal Reserve will cut interest rates next week.
The initials are useless: New applications for unemployment benefits in the US are expected to fall to 220,000 in the week ended December 7, from 224,000 the previous week.
Broadcom: Investors will be keen to hear new announcements from the US chip maker when it reports earnings after the market closes. The company is expected to post a 52 percent jump in fourth-quarter earnings, to $14.1bn.
Costco Wholesale: Investors will be looking for the latest information from the major retailer on spending during the holiday season. Costco is expected to show a 7 percent increase in first-quarter earnings, to $62.1bn.
