U.S. Futures Have Pared Gains After Trade Headlines #TradeTalks #China #Brexit

U.S. futures have pared gains after trade headlines. Reports that a potential meeting between Chinese President Xi Jinping and U.S. President Donald Trump has been pushed back to at least April has caused stock futures to reverse gains, now trading near unchanged. On the data front, weekly jobless claims rose by 6k to 229k, roughly in line with estimates. Import and export prices both rose more than expected in February, rising 0.6% each. Later this morning the market will get a look at new home sales from January. European shares are higher with most sectors trading higher. Yesterday U.K. lawmakers voted down the idea of leaving the EU without a deal in place. Today lawmakers will vote on whether or not to extend the Brexit deadline. Asian shares closed mixed as Chinese stocks underperformed after weak industrial production data.

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