US stocks await GDP; Greece may weigh

29/05/2015 15:42 AST

U.S. stock markets looked set for a lower open on Friday, as uncertainty over Greece weighed on European shares and U.S. stock index futures.

The Greek government has said it hopes to reach a reform-for-rescue deal with its international bailout supervisors by Sunday, according to Reuters. However, European officials have denied a deal is near and Christine Lagarde, the head of the International Monetary Fund, was quoted in a German newspaper as saying that Greece talks could fail, forcing the country to default on its debts.

The big data out of the U.S. on Friday will be the second estimate of first quarter gross domestic product (GDP), plus the Chicago Purchasing Managers' Index (PMI) and the final Michigan sentiment report for May.


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