Futures on major U.S. stock indices point to lower opening on Friday as jitters over the situation in Egypt weighed on the sentiment.

Futures on the S&P 500 are down 0.27 percent, futures on the Dow Jones Industrial Average are down 0.22 percent and Nasdaq100 futures are down 0.12 percent.

Embattled Egyptian President Hosni Mubarak said he has a framework to provide for a peaceful transition to a new regime at the September elections, but that he will remain in power till then.

On the economic front, U.S. trade deficit widened by 5.9 percent to $40.6 billion from $38.3 billion reported in November, while analysts expected a deficit of 40.70 billion.

Meanwhile, Michigan Consumer Sentiment Index, which measures the level of consumer confidence in economic activity, is expected to edge slightly higher to 75.50 from previously reported estimate of 74.20.

On the corporate front, shares of Nokia Corp. (NYSE:NOK) plunged 9.19 percent to $9.88 in pre-market trading session, following its strategic alliance with Microsoft Corp.

Expedia Inc. (NASDAQ:EXPE) shares plunged 15.14 percent to $21.80 in pre-market trading session. Its fourth quarter net income declined 41 percent to $7.4 million or $0.25 per share due to a higher effective tax rate and increased interest expense.

On Thursday, US stocks ended narrowly mixed, amidst much speculation that Egyptian President Hosni Mubarak would voluntary resign from his office. (He later announced that will stay on until September elections).

The euro declined 0.53 percent to 1.3530 against the dollar and the yen declined 0.31 percent against the greenback.

Crude oil futures advanced 0.59 percent to $87.24/barrel and gold futures rose 0.34 percent.

European stock markets are currently trading lower with FTSE 100 down by 2.69 points, DAX30 down by 0.66 points and CAC 40 down by 17.35 points.