U.S. Futures are lower despite strong data. The Labor Department reported that weekly jobless claims fell to 207K last week, the lowest level since 1969, as the job market continues to gain traction. In other data, the Philadelphia Fed Business Outlook survey bounce back in July, rising to 25.7 from 19.9 in June. European shares are mostly lower as basic material stocks lead lower. Asian shares closed mostly lower after failing to hold on to early gains, with Chinese shares continuing to lead lower.