Investors are likely to be digesting the comments recently made by the European Central Bank, after it decided to leave its benchmark interest rate unchanged at its September meeting.
On Thursday, ECB President Mario Draghi said he was confident the region's inflation will move towards the bank's target but warned that downside risks remained.
Investors will be watching closely for any updates out of the White House, in light of the recent political news that has rocked markets as of late, including escalating tensions with North Korea and talk of a short-term extension of the debt ceiling and government funding plan, in light of the chaos Hurricane Harvey inflicted on the country.
U.S. wholesale inventories rose more than expected in July, nearly matching its biggest gain in six months recorded in June.
The Commerce Department reported an 0.6 percent increase in wholesale inventories in July, more than the 0.4 percent increase expected by economists polled by Reuters.