Futures on major U.S. indices point to a lower opening on Friday as speculation over interest rate hike in China and concerns about euro-zone sovereign debt weighed on the sentiment.
Futures on the S&P 500 are down 1.06 percent, futures on the Dow Jones Industrial Average are down 0.85 percent and Nasdaq100 futures are down 1.06 percent.
Global stock markets fell, led by declines from commodities shares on speculation that China is preparing to hike the interest rates to cool the inflationary pressure.
Chinese consumer prices accelerated to 25-month high in October, despite the government's efforts to control inflation. Chinese consumer price index (CPI), a major gauge of inflation, rose to 4.4 percent in October compared with 3.6 percent in September.
Energy and basic material stocks will be on focus as crude futures plunged 2.18 percent and copper futures declined 2.18 percent.
Investors are also monitoring the direction of talks at the G20 summit in Seoul.
On the economic front, Michigan Consumer Sentiment index, which will be released after the opening bell, is expected show gain in November to 69.0 compared with the prior reported estimate of 67.7.
On Thursday, U.S. stocks ended lower with tech stocks particularly hurt as weaker-than-expected sales and revenue forecast from Cisco Systems weighed on the sentiment.
The euro declined 0.35 percent to 1.3620 against the dollar and the yen gained 0.44 percent against the greenback.
In precious metal sector, gold futures declined 1.36 percent and silver futures plunged 2.19 percent.
European markets are currently trading lower with FTSE 100 down by 49.15 points, DAX30 down by 50.67 points and CAC 40 down by 66.95 points.