US Futures are higher to start the new year. US stocks look to extend the 2017 rally as futures rise despite geopolitical tensions. Over the weekend, North Korean leader Kim Jong Un declared his country a nuclear power and in Iran, tensions grew as protests become violent. Later this morning the market will get a read on the December Purchasing Managersâ€™ Manufacturing index (PMI), with analysts looking for a move higher to 55. European shares are lower as automobile stocks fell on weaker car registration data. Asian shares closed mixed with China higher on better-than-expected manufacturing activity in December.