US futures climb

New York - US stock index futures were higher on Friday, with major indexes on track for a second week of gains, as traders bet there would be no immediate escalation in the tense situations in Ukraine or Iraq.

The US bourse is set to open higher as European leaders get ready to meet. Credit: REUTERS

The inspection comes a day after Russian President Vladimir Putin struck a softer tone in comments regarding Ukraine.

The New York Fed's read on manufacturing, due at 8:30 a.m. EDT (14:30 SA time), is seen falling to 20 from 25.6, while the Thomson Reuters/University of Michigan Surveys of Consumers - due at 9:55 am - is seen rising to 82.5 from 81.8 previously.

Dow Jones industrial average e-mini futures added 50 points and Nasdaq 100 e-mini futures gained 14.5 points.

In a sign of the market's long-term strength, the index has marked more than 1,000 days since its last correction, which Wall Street defines as a drop of 10 percent from the most recent high.

It also forecast adjusted current-quarter profits that were largely above estimates.

It also trimmed its stake in DirecTV and is no longer reporting any stake in Starz. - Reuters