Jan. 11 - December retail sales are set to rise modestly, but according to Thomson Reuters Analyst Jharonne Martis chain store data for the holidays might be more so so than ho ho.
Here's your US stay ahead we take the pulse of the largest sector of the economy what retail sales are released at 8:30 AM. Expect to see a slight overall increase in the December read by three tenths of a percent. Auto sales looks at to rev up the Thomson Reuters retail analyst general martyrs those chain stores might disappoint. -- alarming than expected weather winter merchandise sales were part. On top of that retailers have to -- -- promotions and discounts to attract consumers to -- this past holiday season. As a result of margins could be heard and retailers could post we -- than expected earnings. Two other pieces of data that could move markets on tap initial jobless claims at 8:30 AM and the federal budget at 2 PM focus of the on planes. That's that the coming at 375000. Under the key level of 400000. Investors will gates appetite for US debt with a thirty year bond auction results at 1 PM. Recently the price of the thirty years has been rising sending yields down. Treasuries have been strengthening speculation France might lose its AAA rating and has the Euro zone debt crisis continues. We'll hear what's on the minds of small business during the chamber of congress -- state of American business address. The chambers CEO Thomas Donahue takes the podium at 9 am a lot like the group's policy and political agenda for the year ahead expect the buzzer to -- Pro growth. And US Treasury Secretary Timothy Geithner heads to Japan to secure oil sanctions against Iran over its alleged nuclear program. He's set to meet Japanese prime minister -- we'll build up after lobbying officials in China but after Beijing might you might have a tough time getting a deal. Ryan oil accounts for nearly 10% of Japan's crude imports. I'm Fred Katayama and this is Reuters inside.