US Futures are higher ahead of Monetary Policy Report. At 11am, the Fed will release its Monetary Policy Report which is likely to be an outline of what Fed Chairman Powell will deliver to the Financial Services Committee next week. European shares are mostly higher with Telecom stocks leading higher. Asian shares closed mostly higher. In Japan, consumer prices rose 0.9% in January, slightly above expectations. Chinese regulators decided to take control of insurer Anbang for 1 year as recent moves by the company has called to question their solvency.