Investing.com - U.S. futures rose on Friday, as the G20 meeting kicked off in Japan and investors remain focused on planned talks on the sidelines during the last trading day of the month and quarter.
Chinese President Xi Jinping and U.S.President Donald Trump are expected to meet at 11:30 AM (2:30 GMT) local time in Osaka on Saturday, 10:30 PM ET on Friday. Also in focus is a planned meeting between Russian President Vladimir Putin and Saudi Crown Prince Mohammed Bin Salman over the possible extension of an agreement limiting their oil output to support prices.
Nasdaq 100 futures inched up 4 points or 0.1% by 6:42 AM ET (10:42 GMT), while Dow futures gained 72 points or 0.3% and S&P 500 futures was up 5 points or 0.2%.
Banking stocks were higher after all of the U.S.'s biggest institutes passed the Federal Reserve’s yearly stress tests, which means they can now boost their dividends.
Goldman Sachs (NYSE:GS) gained 2.3%, while Bank of America (NYSE:BAC) was up 2.7%, JPMorgan Chase (NYSE:JPM) jumped 1.6% and Citigroup (NYSE:C) rose 1.6%.
Micron (NASDAQ:MU) was up 1.2%, while Procter & Gamble (NYSE:PG) surged 1.5% after Goldman Sachs upgraded the company, CNBC reported.
Elsewhere, Apple (NASDAQ:AAPL) fell 1% after news that its chief design officer, Jony Ive, is leaving the company to start his own firm.
Boeing (NYSE:BA) fell 0.1% after Reuters reported that the airplane maker will not complete its latest software update for the 737 Max until September, delaying flight tests until at least October.
On the economic front, consumer spending and inflation data at 8:30 AM ET (12:30 GMT) will provide some further insight into the Fed’s wait-and see approach to cutting rates.
In commodities, crude oil inched up 0.2% to $59.54 a barrel and was on track to complete its best month since January, while gold futures rose 0.4% to $1,416.85 a troy ounce. The U.S. dollar index, which measures the greenback against a basket of six major currencies, fell 0.1% to 95.643.