U.S. Futures are Slightly Lower, but Off the Lows After Economic Data #GDP #Jobless #NorthKoreaSummit

U.S. futures are slightly lower, but off the lows after economic data. Futures were under pressure after weak data out of China as well as President Trump leaving his meeting with Kim Jong Un without a deal.  Futures pared losses after the preliminary Q4 GDP rose more than expected, rising 2.6% against expectations of a 2.2% increase. Jobless claims rose 8k to 225k last week, in line with expectations.  Later this morning markets will get a look at the Chicago PMI from February. European shares are mostly lower with basic material stocks leading the declines. Asian shares closed mostly lower as Chinese factory orders declined in February, remaining in contraction territory.

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