U.S. futures are holding gains after data. U.S. futures remain higher after December personal income and spending data. Personal income rose 0.1%, below the 0.4% expectations, while spending fell 0.5%. The weaker spending data was in line with earlier reports of weak retail sales in December. On the inflation front, core PCE rose 0.2% in December, 1.9% year-over-year. Later this morning the markets will get a look at the purchasing managers index, the ISM manufacturing index and a final read on consumer sentiment from February. European shares are trading higher with most sectors positive. Euro zone inflation remains under control with core inflation rising 1.2% in February. Asian shares closed higher as mainland China shares surged despite shrinking manufacturing activity.
US Futures Higher / Asia Higher / EU Higher / WTI @ 57.11 -0.11 / Brent 66.21 -0.10 / Nat Gas @ 2.81 -0.01 / Gold @ 1306.70 -9.40 / Platinum 863.48 -7.37 / Silver @ 15.50 -0.14 / Copper @ 2.96 +0.01 / AGS Mixed / Euro @ 1.1380 +0.001 / 10 Yr UST @ 2.74% / 30 Yr @ 3.11%
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