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US Futures Remain Higher After Data

US Futures remain higher after data.  The first look at Q4 GDP was below estimates at 2.6%, as imports surged and larger inventory builds.  At the current readings, the annual growth in GDP would be 2.3% in 2017, higher than the 1.5% posted in 2016.  December durable goods surprised to the upside, registering a 2.9% increase, well above expectations of 0.6% increase.  On the trade front, the December trade deficit increased to $71.6B, larger than expected.  European shares are higher on earnings, with most sectors moving higher.  The U.K. reported that the economy grew at 0.5% in Q4, better than the expected rise of 0.4%.  Asian shares closed mixed, with China leading to the upside.  Data of out Japan showed that consumer prices were stable in December.

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