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U.S. Futures are Slightly Higher After Data #Jobless #PPI #Inflation

U.S. futures are slightly higher after data. Strength in the job market continues as weekly jobless claims fell to a near 50-year low at 196k last week. On the inflation front, producer prices rose more than expected in March, rising 0.6% m/m and 2.2% y/y. Ex-food and energy, producer prices rose 0.3% m/m and 2.4% y/y. European shares are mostly higher one day after the ECB left rates unchanged. On the Brexit front, the EU granted British PM Theresa May an extension on the proposed exit until October 31st. This extension will give the PM over six months to get an agreement as to what Brexit should look like. Asian markets closed mixed on Thursday. Data out of China showed that consumer prices rose more than expected in March as food price inflation was higher than expected.

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