U.S. futures are lower after yesterday’s rally. Markets rose around 1% yesterday after digesting the Fed’s latest commentary. Markets are pausing today after weak manufacturing numbers out of Germany have markets worried about global growth. On the data front, later this morning markets will get a look at existing home sales from February. European shares are lower as euro zone PMI below expectations in March along with Germany’s manufacturing sector contracting for three months straight. On the Brexit front, EU leaders have given PM Theresa May until April 12 to get lawmakers to agree to her deal or she seek a longer extension. Asian shares closed slightly higher, but no conviction in either direction as markets wait for trade developments.