08:46 AM EDT, 06/27/2025 (MT Newswires) -- US equity futures were higher pre-bell Friday, following release of the Federal Reserve's preferred measure of US inflation amid an improving global trade outlook.

Dow Jones Industrial Average futures were up 0.3%, S&P 500 futures were up 0.3%, and Nasdaq futures were up 0.4%.

The US and China have reached a trade deal, and trade deals with 10 other countries are on the table, US Commerce Secretary Howard Lutnick said late Thursday.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.4% at $66.95 per barrel and US West Texas Intermediate crude 0.6% higher at $65.60 per barrel.

The personal consumption expenditures price index, released at 8:30 am ET, rose 0.1% in May, as expected, while the core measure, the Fed's preferred inflation gauge, rose 0.2% - above expectations for a 0.1% increase.

The University of Michigan consumer sentiment index, due at 10 am ET, is seen coming in unchanged from the mid-month flash at 60.5 in the final report for June.