Futures pointed to a higher open Friday after French President Nicholas Sarkozy hinted at a deal to resolve the Greek debt crisis following a meeting with German Chancellor Angela Merkel.
Merkel and French Sarkozy said at a press conference on Friday said that they were united behind a new aid package for Greece that would include voluntary private sector participation on the basis of the so-called "Vienna Initiative."
The news came after Greece's prime minister appointed Evangelos Venizelos as finance minister on Friday, replacing the unpopular George Papaconstantinou.
Back in the United States, investors will watch out for the University of Michigan’s consumer sentiment index for June which is due at 9.55 am New York time.
The Conference Board Leading Economic Index for May is out at 10 am.
Vice-President Joe Biden said on Thursday that the debt talks are aimed at achieving $4 billion in cuts over the next ten years.
Lawmakers will meet again next week as the talks continue.