Stock index futures pointed to a lower open for Wall Street on Friday, edging down after climbing for the last three sessions, with futures for the Dow Jones industrial average down 0.2 percent, S&P 500 futures 0.1 percent lower and Nasdaq futures trading flat by 0848 GMT (4:48 a.m. EDT).
Wall Street rose for a third straight day on Thursday as investors were encouraged to see jobless claims fall and a handful of large retailers report solid sales.
Equities have rebounded from falls earlier in the week when a raft of disappointing economic data heightened fears that the global economy could slip into a double-dip recession.
* But low market volume suggested investors are still skeptical, and few expect to see a sustained rally.
Data likely to be of focus include U.S. wholesale inventories for May at 1400 GMT and the weekly measure of future economic growth by the Economic Cycle Research Institute (ECRI) at 1430 GMT.
In Europe, the FTSEurofirst 300 <.FTEU3> index of top shares was higher, on track to gain for the fourth straight session, with banking shares leading the risers.
The Obama administration is preparing to unveil a revised deepwater oil drilling moratorium after a federal court refused on Thursday to reinstate an earlier ban imposed after BP Plc's massive oil spill.
Europe's EADS put in a formal bid on Thursday to build a fleet of U.S. Air Force aerial-refueling planes, challenging Boeing Co anew for a politically sensitive deal worth up to $50 billion.
Google Inc Chief Executive Eric Schmidt expressed confidence the company will secure a license to operate a website in China, confounding speculation Beijing may shut down its flagship site there.
Equity funds worldwide suffered more than $11 billion of net outflows in the first week of July, while money market funds saw the biggest inflows in 18 months amid fears of a double-dip recession, EPFR Global said.
(Reporting by Harpreet Bhal; editing by Simon Jessop)