07:12 AM EDT, 03/15/2024 (MT Newswires) -- US equity futures were trending marginally higher before Friday's open as investors digest the latest key inflation data that was released this week.

Standard & Poor's 500 futures and the Nasdaq rose 0.2% each in premarket trading while the Dow Jones Industrial Average edged up 0.1%. Asian exchanges were mostly pointing south, while European bourses were tracking in the green midday on the continent.

The Bureau of Labor Statistics on Thursday reported that producer price index accelerated to a rise of 0.6% in February, following a 0.3% gain the month prior, which was the market view. Retail sales advanced less than expected on a sequential basis last month, while government data on Tuesday showed consumer inflation grew in February.

On Friday's economic calendar, the New York Federal Reserve's Empire State Manufacturing Index for March posts at 8:30 am ET, along with the import and export prices report for February. The industrial production report for the previous month is due at 9:15 am.

The preliminary University of Michigan consumer sentiment report for March is scheduled for a 10 am release, followed by the weekly Baker Hughes domestic oil-and-gas rig count at 1 pm.

Adobe's (ADBE) shares tumbled 12% pre-bell after the software maker's revenue outlook for the ongoing three-month period fell short of Wall Street's expectations. Ulta Beauty (ULTA) dropped 6.4% as the beauty retailer forecast a downbeat fiscal 2024 earnings outlook at the midpoint. Smartsheet (SMAR) fell 12% while Getty Images (GETY) inclined 3.1%.

Jabil (JBL), Embraer (ERJ), RLX (RLX), Buckle (BKE), Soho House (SHCO) and Hibbett (HIBB) report their latest financial results before the bell, among others.

Before the opening bell, bitcoin declined 2.6% to $67,558, West Texas Intermediate crude decreased 0.6% to $80.76 a barrel, yields on 10-year Treasuries declined 2.1 basis points to 4.28% and gold nudged 0.3% higher to $2,174 an ounce.