Here come producer prices ...

At 8:30 a.m. ET, we'll get the May producer price index report.

Economists forecast that producer prices climbed by 0.4% month-over-month and fell 1.1% year-over-year. Excluding food and energy, core PPI is estimated to have climbed by 0.1% and 0.9%, respectively.

Here's Nomura's preview: "Although the lagged effect of the stronger dollar and continuing decline in food prices probably continued to exert disinflationary pressures, the recent stabilization in energy prices and a rebound in retailers' margins are expected to push up the headline index of PPI."

We'll be back with the numbers once they cross...

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