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U.S. Futures are Higher as the Strong 1st Quarter Comes to a Close #PersonalIncome #Inflation #PCE

U.S. futures are higher as the strong 1st quarter comes to a close. The S&P 500 has risen over 12% this quarter, one of the strongest quarters since the current cycle began. Stocks have held gains this morning after mixed economic data. Personal income in February rose slightly less than anticipated, rising 0.2%. Consumer spending and inflation were both below expectations in January, as spending and the core PCE both rose 0.1%. Later this morning markets will get a look at business conditions in Chicago from March, February new home sales and a final read on consumer sentiment from March. European shares are higher with materials stocks leading the gains. U.K. Prime Minister Theresa May will put forward her last attempt to get a majority vote from Parliament for her Brexit deal that has already been rejected twice. China led Asian markets higher on renewed trade optimism following U.S./Chinese meetings in Beijing. Chinese officials have reportedly offered some concessions on previous sticking points.

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