US Futures are Higher Ahead of Data

US Futures are higher ahead of data.  At 9:15am, the market will get a read on December industrial production, with estimates of a 0.4% increase.  At 10am, the NAHB will release the housing market index report for January, with expectations of a slight decline to 73.  At 2pm, the Fed’s beige book is released and will provide further insight into the economic conditions.  European shares are mostly lower as earnings weighed on shares.  December eurozone inflation slowed to 1.4% yoy in December.  Asian shares closed mixed.  Core machinery orders in Japan rose 5.7% in November, for the second consecutive quarter of improvement.

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