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US Futures are Higher, but have Pared Gains After Weaker Data #Futures #Inflation #Oil

US Futures are higher, but have pared gains after weaker data.  The second look at Q1 productivity came in lighter than expected, showing a rise of 0.4% annualized rate, below the first look at 0.7%.  On the inflation side, the second estimate for unit labor costs ticked up to 2.9% from 2.8%.  Later this morning the market will get the most recent inventory data for crude and gasoline.  European shares are mostly higher with most sectors trading in positive territory.  Asian shares closed higher as technology shares led gains.

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