Stock index futures pointed to a slightly higher open on Wall Street on Friday, with futures for the S&P 500 up 0.3 percent, Dow Jones futures up 0.4 percent and Nasdaq 100 futures up 0.2 percent at 1007 GMT.
European stocks rose in early trade on Friday as bargain hunters jumped in following a sharp three-session drop, betting that euro zone finance ministers will agree to double the region's bailout funds in a meeting later in the day.
Japan's Nikkei <.N225> share average closed down 0.3 percent, falling for a third straight session as investors pocketed gains from the strongest first-quarter rally in 24 years, while the market waited on key global events next week for direction.
At least four analysts slashed their price targets on Research in Motion
Verizon Communications Inc
Telecom equipment maker Avaya Corp may have to push out its initial public offering to 2013 amid fierce competition for investor attention from hot technology properties like Facebook Inc.
The cost of developing and building Lockheed Martin Corp's
Bank of America Corp
Executives of U.S. investment bank Goldman Sachs
Commerce Department releases February personal income and consumption data at 1230 GMT. Economists in a Reuters survey expect a 0.4 percent rise in income and a 0.6 percent increase in spending.
The Institute of Supply Management Chicago releases the March index of manufacturing activity at 1345 GMT. Economists in a Reuters survey forecast a reading of 63.0 compared with 64.0 in February.
Thomson Reuters/University of Michigan Surveys of Consumers release a final March consumer sentiment index at 1355 GMT. Economists in a Reuters survey expect a reading of 74.7 compared with 74.3 in the preliminary March report.
Commerce Dept issues annual benchmark revisions to U.S. wholesale inventories and sales through January 2012 at 1400 GMT. In January, wholesale inventories rose 0.4 percent, and sale fell 0.1 percent.
The Dow Jones industrial average <.DJI> rose 19.61 points, or 0.15 percent, to 13,145.82 at the close on Thursday. The Standard & Poor's 500 Index <.SPX> slipped 2.26 points, or 0.16 percent, to 1,403.28. The Nasdaq Composite Index <.IXIC> shed 9.60 points, or 0.31 percent, to 3,095.36.
(Reporting by Francesco Canepa; Editing by Mark Potter)