Germany's Ifo business confidence for May is due at 4:00 am ET Friday. Economists forecast the business confidence index to fall to 108.3 in May from 108.6 in April and the current conditions index to drop to 113.5 from 113.9. The expectations index is seen at 103 versus 103.5 a month ago.

Ahead of the data, the Euro showed mixed trading against its major rivals. While the Euro rose against the Pound and the Swiss franc, it held steady against the yen and the U.S. dollar.

As of 3:55 am ET, the Euro was trading at 0.7122 against the Pound, 1.1162 against the U.S. dollar, 1.0422 against the Swiss franc and 134.76 against the Yen.

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