Opening calls are indicating a higher open this morning.
The Hang Seng index is trading higher in Asia.
U.S. stocks snapped back Thursday from a steep sell-off a day earlier, as Italian bond yields eased slightly and initial unemployment claims reached a 7-month low.
The Dow Jones industrial average rose 113 points, or 1%, the S&P 500 added 11 points, or 0.9%, and the Nasdaq composite edged up 4 points, or 0.1%, as drops in shares of Green Mountain Coffee Roasters and Apple weighed on the tech-heavy index.
In Greece, newly-appointed Prime Minister Lucas Papademos will name his crisis cabinet on Friday.
Spanish telecoms group Telefonica reported a sharp drop in 9-month net profit, with earnings dented by a restructuring charge.
Italian bank Banco Popolare was among companies reporting third-quarter earnings on Friday.
Spain releases preliminary third-quarter GDP figures. UK October producer prices are also due.