Wall Street is set for a weaker open on Friday, with futures for the S&P 500, Dow Jones and Nasdaq futures down 0.4 percent to 0.6 percent at 1117 GMT.

A light earnings news day is focused around Coca-Cola Enterprises, Inc and SCANA Corp, both of which are due to release before the market opens.

On the macroeconomic front, Thomson Reuters/University of Michigan consumer sentiment data is due out at 1455 GMT. Economists in a Reuters survey expect a reading of 75.0 compared with 74.2 in the final January report.

Nokia and Microsoft teamed up to build an iPhone killer on Friday in a desperate attempt to take on Google and Apple in the fast-growing smartphone market. Microsoft shares in Frankfurt rose 0.6 percent.

Elliott Associates, the $17 billion U.S. hedge fund, added its voice to demands that chemicals giant DuPont raise its $5.8 billion bid for Danisco , the Danish maker of food ingredients and enzymes.

Brent oil prices rose above $101 a barrel after Egypt's President Hosni Mubarak refused to step down, stoking fears that the rising tensions could disrupt oil flows or spread to major producers in the region.

The S&P and Nasdaq eked out gains in the final minutes of trading on Thursday as Egyptian President Hosni Mubarak said he would not step down, but delegate powers to the vice president.

The Dow Jones industrial average closed <.DJI> down 0.1 percent, while the Standard & Poor's 500 Index <.SPX> and Nasdaq Composite Index <.IXIC> both closed was up 0.1 percent.

(Reporting by Simon Jessop; Editing by Hans Peters)