Financial and Commodity Previews and Analysis

Key news today includes: (1) weekly MBA mortgage applications (previous +0.7% with purchase sub-index unch and refi sub-index +0.9%), (2) Jan CPI (expected +0.3% m/m and +1.9% y/y, Dec +0.1% m/m and +2.1% y/y) and Jan CPI ex food & energy (expected +0.2% m/m and +1.7% y/y, Dec +0.3% m/m and +1.8% y/y), (3) Jan retail sales (expected +0.2% and +0.5% ex autos, Dec +0.4% and +0.4% ex autos), (4) Dec business inventories (expected +0.3%, Nov +0.4%), (5) EIA weekly Petroleum Status Report.