US Futures are higher despite disappointing retail sales data. The Commerce Department reported that retail sales fell for the third consecutive month in February, falling 0.1% against expectations of a rise of 0.3%. January retail sales was revised higher, but remained negative for the month. In other data, producer prices ex-food and energy rose 0.2% (2.5% yoy) in February, slightly above expectations. European shares are higher with materials stocks leading the gains. Asian shares closed lower after President Trump proposed additional tariffs on $60B of Chinese exports.