US stock futures point to higher open as Wall Street readies itself for Trump

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U.S. stock index futures pointed to a higher open on Friday as traders eyed the inauguration of President-elect Donald Trump, which is now just hours away.

Trump will deliver his inauguration speech later today and traders will be keenly anticipating what he will say — and how he says it — as he speaks to the nation as president for the first time.

It's more likely, however, that the president-elect will gloss over details in his speech whilst at the same time sending a strong message for change.

In oil markets Friday, Brent crude was around $54.93 a barrel, up 1.42 percent, while U.S. crude was at $51.98 a barrel, up 1.19 percent.

On the earnings front, General Electric posted mixed quarterly results. SunTrust also posted fourth-quarter results.

In Europe, the pan European Stoxx 600 Index was around 0.1 percent lower on Friday.

— CNBC's Patti Domm contributed to this report