US Futures are lower as the market digests the Fed minutes and economic data. In economic data, July industrial production rose 0.2%, slightly below expectations. The Labor Department reported that initial claims for unemployment benefits dropped by 12,000 last week to 232,000, below estimates; and the Philadelphia Fed Index came in at 18.9 compared to an estimate of 18. European shares are lower despite the drop in the Euro following the ECB minutes as concerns of an exchange rate overshoot were expressed. Asian shares closed mixed as political turmoil slowed the recent dollar rally.