US stock futures mixed on consumer price decline

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NEW YORK (AP) — U.S. stock futures are mixed after a strong Chinese manufacturing survey and a government report that showed U.S. consumer prices fell more than expected.

Dow Jones industrial futures are up 11 points at 13,168. The broader S&P 500 futures are down 5 points to 2,657. Nasdaq futures are up 2 points to 1,420.

The improvement in Chinese manufacturing activity suggests global consumer spending may be recovering from a weak patch this year. China's manufacturing activity rose to a 14-month high in December.

U.S. consumer prices fell 0.3 percent last month because of a steep fall in gasoline prices. Excluding volatile food and gas, prices rose 0.1 percent in November.

European markets were less upbeat after Standard & Poor's lowered its credit outlook on Britain.

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