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Persian Gulf, Oil, SpaceX Lift Wall Street Pre-Bell; Asia Europe Up

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Wall Street futures pointed moderately higher pre-bell Friday, as traders weighed easing oil prices, a possible Persian Gulf peace deal, and the pending SpaceX (SPCX) initial public offering (IPO).

In the futures, the S&P 500 rose 0.4%, the Nasdaq advanced 0.3%, and the Dow Jones was up 0.5%.

West Texas Intermediate crude oil traded lower at $85.05 a barrel in the futures, after topping $93 on Thursday.

Elon Musk's SpaceX is slated to start trading on the Nasdaq at the opening bell, with IPO shares priced at $135 each. The IPO plans to raise $75 billion, resulting in a $1.77 trillion market cap for the enterprise, which operates spacecraft and the Starlink satellite system.

Asian exchanges traded sharply higher overnight in tech-led rallies, while European bourses tracked solidly north at midday.

On the economic calendar is the University of Michigan consumer sentiment report for June at 10 m ET, followed by the weekly Baker Hughes domestic oil-and-gas rig count at 1 pm.

In pre-market action, Bitcoin traded at $63,580, and 10-year US Treasuries offered 4.45%. Spot gold commanded $4,215 an ounce.

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