On Tap Wednesday: Producer Prices

The data point du jour Wednesday will be the producer prices data for February, which are due at 8:30 a.m. The street consensus calls for 0.3% decline in the topline figure. The producer price index for finished goods rose a seasonally adjusted 1.4% on the month in January, after increasing an upwardly revised 0.4% in December. The core figure — excluding food an energy — is expected to have ticked up 0.1% last month. After that we’ll get oil and gasoline stockpiles data from the Energy Department at 10:30 a.m. The only other data points of note to MarketBeat will likely be related to green beer. See you then.