Global stocks bounced higher as the European Union threw its weight behind Greece, and oil recovered after plunging on Thursday.
Britain's FTSE 100 and France's CAC 40 rose 1 per cent each, while Germany's DAX gained 0.8 per cent. Japan's Nikkei rose 0.9 per cent, while Hong Kong's Hang Seng leapt 1.9 per cent.
In the U.S., Dow stock futures gained 0.3 per cent to 12,015, while S&P 500 futures rose 0.3 per cent to 1,281.10.
Stocks recovered much of Thursday's losses after European leaders backed another bailout for Greece on the condition that the Greek parliament approves a 28-billion-euro package of austerity measures next week.
Investors also took heart after Chinese Premier Wen Jiabao wrote a newspaper commentary indicating China is keeping inflation under control.
The euro was down 0.3 percent at $1.4226 (U.S.). The Canadian dollar dipped to $1.0188 (U.S.).
Oil prices rose 76 cents to $91.78 a barrel, clawing back some ground lost on Thursday, when the International Energy Agency said it will make 60 million barrels of crude available over a 30-day period, half of which will come from the U.S. Strategic Petroleum Reserve. The shock decision sent oil prices tumbling 6 percent.
Gold lost $3.10 to trade at $1,517.40 an ounce.
Sonali Verma