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U.S. Futures Retreat After Weaker Than Expected Data #RetailSales #PPI #Jobless

U.S. futures retreat after weaker-than-expected data. Futures have turned negative after December retail sales disappoints, falling 1.2% against expectations of a slight rise. The Bureau of Labor Statistics reported that the producer price index declined 0.1% in January, while analysts were looking for a gain of 0.2%. Weekly jobless claims rose slightly more than expected, rising 4k to 239k last week. European shares are holding on to gains with industrial stocks leading higher. Asian shares closed mostly lower. On the data front, Japan’s economy grew at a 1.4% annualized rate in Q4.

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