US Futures Fall After Inflation Data

US Futures fall after inflation data.  US futures were higher on the morning, however, are now significantly lower after inflation in January rose more than expected and retail sales disappointed.  January CPI rose 0.5%, while analysts were looking for a 0.3% increase.  Retail sales were weaker than expected in January, declining 0.3%, and December retail sales was revised lower to unchanged from the previous report of up 0.4%.  European shares also dropped on the US data, now negative across the board.  The euro area economy GDP rose 0.6% from the previous quarter.  Asian shares closed mixed with the Japanese Nikkei lagging again.  Japan reported that GDP rose 0.5% in Q4, below expectations 0.9%.

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