* Options due soon for new joint euro bonds-official
* Producer price index, retail sales on tap
* Futures up: S&P 11.9 pts, Dow 91 pts, Nasdaq 21 pts
* For up-to-the-minute market news see [STXNEWS/US] (Adds quote, byline, updates prices)
By Angela Moon
NEW YORK, Sept 14 (Reuters) - U.S. stock index futures rose on Wednesday after the head of the European Commission said it will present options for joint euro zone bonds, a tool that might help resolve the region's debt crisis.
European Commission President Jose Manuel Barroso said the body will soon present proposals for common euro bonds. Germany has been opposed to debt jointly issued and underwritten by all 17 members of the bloc. For details, see [ID:nB5E7K601K]
S&P 500 futures
In economic data, the Producer Price Index (PPI) for August will be released at 8:30 a.m. EDT (1230 GMT). Economists in a Reuters survey expected a 0.1 percent decline, compared with a 0.2 percent rise in July.
"It's still a market with all eyes on Europe and how the euro is trading. But we haven't had any economic data for Monday and Tuesday, so today's PPI number will closely watched for signs of stagflation," said Joe Saluzzi, co-manager of Themis Trading in Chatham, New Jersey.
U.S. retail sales for August are also due at 8:30 a.m. Forecasts call for a rise of 0.2 percent last month versus July's 0.5 percent increase.
Business inventories for July are expected to show a jump of 0.5 percent, compared with a 0.3 percent rise in June. The data is due at 10:00 a.m. EDT. (1400 GMT)
China will keep monetary policy tight to contain inflation but forge ahead with structural reforms and seek to boost consumption to sustain long-term economic growth, Premier Wen Jiabao said.
Financial stocks were in the spotlight. BNP Paribas
Dell Inc's
General Electric Co
Google Inc
U.S. stocks rose on Tuesday as investors bought shares beaten down in recent weeks and bet European leaders would take action soon to ease the Greek debt crisis. (Reporting by Angela Moon; Editing by Jeffrey Benkoe)