The U.S. Labor Department will report on producer prices at 7:30 a.m. CST Friday, an important report that will influence Fed policy in the days ahead. The University of Michigan's index of U.S. consumer sentiment for early December is set for 9 a.m. Traders of course, will keep close watch over the latest weather forecasts and will also stop to take in USDA's WASDE and Crop Production reports, due out at 11 a.m.
Weather
A compact storm system is moving through the Midwest on Friday, producing a band of mixed precipitation and some moderate snow. The system will continue to track eastward through the region throughout the day, weakening as it moves into the Appalachians. At the same time, a lingering front across the South continues to see showers Friday morning that should continue as well. Friday night, a small disturbance will build on that front across the Southern Plains with more enhanced showers and thunderstorms going into the weekend.