US futures slip as investors weigh profit reports, inflation

By The Associated Press

NEW YORK (AP) — U.S. futures slipped after investors started to get a look at the impact of inflation and the pandemic on the health of companies as they report their quarterly results. Global shares are mostly higher after new data showed inflation in the U.S. in March was not as bad as some analysts had expected. Shares fell in Frankfurt and Shanghai but rose in London, Paris, Tokyo and Hong Kong. Oil prices edged higher. The Chinese government reported that exports rose nearly 16% in March from a year earlier while imports were flat. The easing of a COVID-19 lockdown in Shanghai was another encouraging factor.