US Markets

Global markets rise after Wall Street rally

The Street seeks to extend rally

World markets are higher this morning following Wall Street's best day in three weeks, and stock index futures are pointing to more gains at the U.S. open. Though the Paris attacks are still very much at center stage in the news cycle, investors are focusing on key economic numbers and earnings that will be out in the trading day ahead.

The numbers parade begins at 8:30 a.m. ET, when the government releases the October Consumer Price Index. Consensus forecasts call for a 0.2 percent increase, reversing a drop of the same amount in September. The ex-food & energy rate is seen matching September's 0.2 percent increase.

At 9:15 a.m. ET, October industrial production is out, with economists expecting the number to be flat compared to September. Industrial production had declined 0.2 percent in September from August levels.

At 10 a.m. ET, the National Association of Home Builders issues its November sentiment index, expected to drop to 63 from 64 in October.

Fed governors Jerome Powell and Daniel Tarullo have separate public appearances today, and former Fed chairman Ben Bernanke has a speaking engagement at the Brookings Institution in Washington in late afternoon.

Retailers dominate this morning's earnings reports, with Home Depot (HD), Wal-Mart (WMT), TJX (TJX), and Dick's Sporting Goods (DKS) all set to issue quarterly numbers. La-Z-Boy (LZB) is on the short list of companies set to release quarterly numbers after today's closing bell.