Stock index futures rose on Friday after euro zone leaders agreed to create a safety net to help debt-burdened Greece, while investors awaited data on consumer sentiment.

Euro zone leaders late Thursday unveiled a deal in which Athens would receive coordinated bilateral loans from other countries that use the euro and the International Monetary Fund if it faced severe difficulties.

In early trade we're going to focus on some resolution of the Greek sovereign debt issues, said Arthur Hogan, chief market analyst at Jefferies & Co in Boston.

There's a sense that there's an explicit structure now, such that if we go from Greece to Portugal then we know how to deal with this on a country by country basis.

S&P 500 futures rose 3 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 26 points, and Nasdaq 100 futures added 6.25 points.

Worries about hefty debt loads of some euro zone countries have nagged equities lately. The deal put pressure on the U.S. dollar <.DXY> on Friday, and lifted commodity prices, which could boost resource shares. Crude oil futures gained nearly 1 percent to $81.25 a barrel.

The final March reading of the Reuters/University of Michigan Surveys of Consumers will be released at 9:55 a.m. EDT. Economists expect a reading of 73, compared with 73.6 the month before, according to Reuters data.

Also on the economic front, fourth-quarter gross domestic product growth will be released at 8:30 a.m. EDT, though analysts expect a muted market response since it is the third and final reading for the quarter. Economists surveyed by Reuters forecast a 5.9 percent annualized rate of growth, in line with the preliminary estimate.

Oracle Corp shares slipped 0.7 percent to $25.86 in premarket trading after the company issued its strongest sales forecast in more than a year. But with the stock already hovering at a nine-year high, investors questioned whether there was much more upside.

The White House plans to announce on Friday it will require lenders to lower mortgage payments for some unemployed workers and encourage lenders to eliminate some principal debt of homeowners who owe more than their home is worth, sources said Thursday.

Stocks ended flat Thursday after being up most of the session as a weak U.S. bond auction and global debt concerns weighed on investor sentiment.

(Editing by Jeffrey Benkoe)

Portugal International Monetary Fund