US futures are lower this morning as investors weighed first quarter GDP and durable goods data. Economic data released this morning include the first revision to first quarter GDP which showed the economy grew at a pace of 1.2 percent compared to estimates of 0.7 percent and durable goods data fell less than expected. Later this morning we will also get consumer sentiment for May. Markets in Asia closed mostly flat to lower with the Nikkei leading the way down on the back of lower oil prices. European markets are trading mixed as the DAX is leading the way lower while the FTSE is trading higher.