US futures are lower as producer prices rise. The Labor Department reported that producer prices rose 0.4% in October and 2.8% yoy, while core PPI was up 0.2% in October and 2.3% yoy. The latest inflation data confirms a steady rise in wholesale prices. The NFIB reported that small business confidence rose to 103.8 in October from 103 in September. European shares are mostly lower despite stronger than expected GDP numbers out of Germany. German Q3 GDP rose 0.8% from 0.6% in Q2. Asian shares closed mostly lower on weaken than expected data out of China. Chinese industrial production, fixed asset investment and retail sales were all weaker than forecast.