US futures point to flat open ahead of Fourth of July weekend

U.S. stock index futures indicated a flat open on Friday as traders eyed the release of a host of data ahead of the Fourth of July weekend.

Markit PMI data is set to come out at 9:45 a.m. ET, with ISM manufacturing data and construction spending due to be released at 10 a.m. Vehicle sales data is also set to come out today.

Loretta Mester, Cleveland Fed President, is due to speak at 11 a.m. ET in London at the European Economics and Financial Centre.

U.S. stocks rose sharply on Thursday, extending a post-Brexit rally, with the Dow Jones industrial average advancing about 235 point, while the S&P 500 and the Nasdaq composite rose more than 1 percent.

In Europe, the pan European Stoxx 600 Index was up 0.65 percent on Friday. In Asia, Japan's Nikkei closed 0.68 percent higher on Friday while in China, the Shanghai Composite closed 0.11 percent higher.

In oil markets, Brent crude traded at $49.36 a barrel on Friday, down 0.7 percent, while U.S. crude was at $48.04, down 0.6 percent.