U.S. inflation data sets the tone this week as October’s consumer price index is due Tuesday, a month after a gasoline-driven 0.6% monthly jump took annual inflation to 3.7%, its highest since May.
Economists expect a smaller 0.2% rise in October, according to FactSet estimates. Producer prices follow on Friday after climbing 6.3% from a year earlier in September, the biggest annual gain in more than three years.