U.S. stock index futures signaled a lower open on Tuesday, as fears that China's central bank will not provide stimulus to boost its economy saw the Shanghai Composite fall to a one-week low.
Shanghai stocks fell to a one-week low on Tuesday amid fears that the People's Bank of China would not provide monetary stimulus to support the economy while Asia's other equity markets were mixed ahead of Australia's budget release.
European shares pared losses to close at five-year highs on Tuesday, after influential hedge fund manager David Tepper told CNBC he is "definitely bullish" on stocks.
Australian stocks approached their highest levels in nearly five years on Wednesday after China's trade balance swung to a surplus in April while Japan's benchmark Nikkei remained the region's out performer, extending gains to hit a fresh near five-year high.
Asian stocks widened losses on Thursday as investors worried over rising inflationary pressures in China, but South Korean shares rallied over 1 percent after the Bank of Korea surprised markets with a 25 basis point cut.
European shares closed higher following some better-than-expected earnings reports, and upbeat manufacturing data from German.
European shares were flat on Friday as talks over the "fiscal cliff" stalled.