US Futures are Higher Ahead of Data

US Futures are higher ahead of data.  Later this morning the market will get an early estimate of manufacturing strength when the January flash PMI is released at 9:45am.  Additional data for release include December existing home sales at 10am and a look at petroleum inventories at 10:30am.  European shares are mostly lower as earnings reports disappointed.  Asian shares closed mostly higher, however, the Nikkei fell nearly 1% as exports disappointed.

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