U.S. futures are higher on earnings and trade data. Stronger earnings from Morgan Stanley, Pepsico and Netflix have helped boost stocks. On the data front, the Commerce Department reported that the trade deficit fell again in February after the sharp decline in January. The deficit fell to 49.4B, well below estimates of 53.6B, as the goods deficit with China fell substantially in February. Later today, the market will get a look at anecdotal evidence of the economy form the 12 Fed districts when the Beige Book is released. European shares are mixed with material stocks lagging. Asian shares closed mixed despite stronger than expected GDP numbers out of China.