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US Futures are Higher This Morning as Investors Weighed Economic Data and The Statement From The FOMC

US futures are higher this morning as investors weighed economic data and the statement from the FOMC.  Following their May two day meeting, the Fed signaled that it’s not concerned about recent weakness in the economy and investors believe a June hike is on the table.  In economic data, weekly jobless claims fell 19,000 to 238,000 which is better than expected while US productivity came in below estimates.  Later today we will get data for factory orders.  Markets in Europe are trading higher led by the CAC after the debate between Le Pen and Macron seem to have gone as expected.  Asian markets closed mixed with the Nikkei higher while the Shanghai index closed down slightly.

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