Here Comes Producer Prices...

Producer prices for December are out at 8:30 a.m. ET.

Economists polled by Bloomberg are looking for producer prices to rise 0.4% month-over-month, compared with a 0.1% fall in November.

Meanwhile, PPI is expected to rise 1.1% year-over-year (YoY) compared with 0.7% the previous month.

Core producer prices (ex food and energy) are expected to rise 0.1% on the month and 1.3% on the year. This compares with a 0.1% MoM rise and a 1.3% YoY rise in November.