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Here are the 10 most important stories for investors Friday morning

Cash dollars
Athit Perawongmetha | Reuters

A daily morning look at the financial stories you need to know to start the day.

STOCKS/ECONOMY

-Stock futures are up modestly after Thursday's gains erased about half of Wednesday's selloff. Today's big economic data is housing starts and building permits out at 830 AM EST.

-China continues to sell U.S. Treasury bonds in order to prop up its currency. That has led to Japan becoming the new number one holder of U.S. debt.

OIL/ ENERGY

-U.S. crude prices areup about half of a percent to the $51 level.