US stocks look set to open slightly lower in Friday's trading session as investors await manufacturing and services data, as well as existing home sales figures set for release later in the morning.

The Dow Jones Industrial Average futures were down 0.30%, S&P 500 futures declined 0.10%, and Nasdaq futures were off 0.12%.

Oil prices were moving higher, with front-month global benchmarks Brent crude and West Texas Intermediate crude rising 0.60% and 0.47% respectively.

In other world markets, Japan's Nikkei edged 0.07% lower, Hong Kong's Hang Seng climbed 1.86%, and China's Shanghai Composite was up 0.70%. Meanwhile in Europe's early afternoon session, the UK's FTSE 100 was off 0.34%, while Germany's DAX and France's CAC gained 0.14% and 0.63% respectively.

The Manufacturing Purchasing Managers' Index, which measures the activity level of purchasing managers in the manufacturing sector, is expected to rise to 49.8 in January from 49.4 the previous month, according to Bloomberg. A reading above 50 implies the manufacturing sector is expanding, while a reading below 50 indicates contraction.

The services PMI reading, which is released by Markit Economics, is expected to decline to 56.4 in January from 56.8 in December but remain above the 50-point threshold marking expansion from contraction, according to Bloomberg

And existing home sales figures for December are expected to increase to 4.19 million from 4.15 million a year earlier, according to Bloomberg.

In equities, shares of Allurion Technologies (ALUR) soared 370% after the company said overnight that it plans to initiate a combination clinical study to improve muscle mass and overall body composition. Evaxion Biotech (EVAX) shares shot up 91%, piling on to a 53% gain on Thursday. Starbox Group's (STBX) stock jumped 74%, more than erasing an 18% loss the previous session. Shares of CKX Lands (CKX) surged 17% after a 1.6% loss Thursday. And Twilio (TWLO) shares jumped 21% after Baird upgraded it to outperform from neutral and raised its price target to $160 from $115.

On the losing side, shares of Snow Lake Resources (LITM) plunged 30% after it said late Thursday it priced a best-efforts offering of 16 million shares at $1 per share for expected gross proceeds of $16 million. Hyzon Motors' (HYZN) stock tumbled 34% after it said late Thursday that that its stock will be delisted from Nasdaq. Sprott Focus Trust (FUND) shares shed 1%, adding to a slight decline the previous session. Jupiter Neurosciences' (JUNS) stock dropped 15%, adding to a 60% loss the previous day. And shares of Ctrl Group (MCTR) fell 12%, paring back its 57% gain from Thursday.