Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 down 0.05 percent, Dow Jones futures down 0.1 percent and Nasdaq 100 futures up 0.16 percent at 1039 GMT.
European shares were up 0.5 percent on Friday morning, extending the week's gains, led by euro zone banking stocks in the wake of successful bond sales by Spain and Italy.
Italy's three-year debt costs fell below 5 percent at its first bond auction of the year on Friday spurring hopes the troubled borrower would be able to make it through a refinancing hump in the first months of the year.
Investors were relieved on Thursday after Spain's solid debt auction at sharply lower borrowing cost, helped by ultra-cheap funding from the European Central Bank which provided banks with nearly half a trillion euros of three-year money late last year.
Banking stocks will be in the spotlight on Friday ahead of results from JPMorgan Chase
On the macro front, international trade figures will be released at 1330 GMT, while the preliminary reading for the Reuters/University of Michigan consumer sentiment index will be released at 1445 GMT.
Bank of America Corp
US Airways Group
Enraged Chinese shoppers pelted Apple Inc's
U.S. fast food chain McDonald's
The S&P 500 closed at a five-month high for the third day on Thursday but had difficulty extending gains in the face of lackluster economic data and another European bond market test.
The Dow Jones industrial average <.DJI> gained 21.57 points, or 0.17 percent, to 12,471.02. The Standard & Poor's 500 Index <.SPX> added 3.02 points, or 0.23 percent, to 1,295.50. The Nasdaq Composite Index <.IXIC> rose 13.94 points, or 0.51 percent, to 2,724.70.
(Reporting by Blaise Robinson; Editing by Andrew Callus)