US futures are slightly lower this morning as investors weighed economic data and lower oil prices. Economic data released earlier this morning include personal income which came in line with expectations and consumer spending rose 0.4 percent which is the most in 4 months. Later today, we will get consumer confidence data for May. Oil prices continue to move lower with crude down over 1 percent and Brent down nearly 2 percent in early trade. Markets in Asia closed flat to lower and European markets are trading down led by the CAC.