(Photo: REUTERS / Brendan McDermid)
Traders work on the floor of the New York Stock Exchange February 21, 2012.
Futures on the major U.S. indices point to a higher opening Friday ahead of the release of the Federal Reserve Bank of New York's Empire State Manufacturing Survey and Federal Reserve's Industrial Production and Capacity Utilization index.
Futures on the S&P 500 are up 0.42 percent and Nasdaq 100 futures are up 0.42 percent. Futures on the Dow Jones Industrial Average are up 0.38 percent.
Investors are likely to focus on the Empire State Manufacturing Survey to be reported later Friday. The manufacturing index, which rates the relative level of general business conditions New York state, is expected to fall to 14 in June, down from 17.1 in May.
The Industrial Production and Capacity Utilization index, which measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities, will also be reported Friday. May industrial production is expected to slow to a 0.1 percent gain after a 1.1 percent jump in April.
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Investors may remain in a watchful mode due to concerns that the euro zone crisis could intensify again, depending on the outcome of Greece's election Sunday.
On Thursday, the U.S. markets were up as investor confidence was boosted following expectation that central banks around the world would announce stimulus measures in a coordinated manner to regain the global economic growth momentum. The Dow Jones industrial average rose 1.2 percent, the S&P 500 Index climbed 1.24 percent and the Nasdaq Composite Index was up 0.63 percent.
Major European indices were in green amid expectation that central banks would announce stimulus measures to revive the global economic growth. London's FTSE 100 rose by 29.71 points, Germany's DAX 30 index advanced 51.37 points and France's CAC 40 moved up by 51.51 points.
Asian markets rose Friday following global cues as investor confidence was boosted by hopes for further monetary easing policy steps from central banks.
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