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US Futures are Flat After Mixed Economic Data

US Futures are flat after mixed economic data.  Housing starts unexpectedly fell 8.2% in December, however, permits were in-line with forecasts.  The job market remains strong with jobless claims falling to a 45 year low last week to 220K, beating the consensus estimate.  The Philadelphia Fed survey was weaker than expected at 22.2, lower than the 25 consensus.  European shares are mixed with technology stocks outperforming.  Asian shares closed mixed with Japan’s Nikkei lagging other Asian markets.  China reported that their economy grew 6.9% in 2017, above the target of 6.5%.

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