US futures are higher on light trading volume. In economic data, initial jobless claims were unchanged last week at 245k. The November trade deficit was larger than expected at 69.7B, with imports rising faster than exports. Later this morning, ISM will release the Chicago PMI for December which is expected to fall to 62.5. European shares are slightly lower, with no conviction in either direction. Asian shares closed mostly higher, while Japanese stocks lagged as energy and commodity names took a breather from recent gains.