US Futures pared gains and Treasury yields rose after data. The consumer price index was up 0.1% in December, 2.1% yoy. Core CPI rose 1.8%, slightly higher than the expected 1.7% increase. Retail sales were reported slightly lower than expected, rising 0.4% in December. The retail sales control group was reported up 0.3%, in-line with expectations, however, November was revised higher by 0.6% to 1.4%. At 10am, the market will get a look at business inventories from November. European shares are mostly higher as retail stocks outperform. Asian shares closed mostly higher despite mixed trade data out of China. China reported that imports rose less than expected, however, exports were stronger than expected.