The future for the S&P 500 also rose 0.3% to 3,011.30.
A Labor Department report showed US underlying consumer prices rose by the most in almost 1-1/2 years in June, but that was unlikely to change expectations the Fed would cut rates this month.
The Canadian dollar traded for an average of 76.70 cents USA, the highest level since October and compared with an average of 76.51 cents United States on Thursday.
Spot gold fell 0.80% to $1,407.40 an ounce on stronger-than-expected US inflation data. When bond yields climb, they push up the interest rates that lenders charge for mortgages and other loans, making them more profitable.
Shares of Deutsche Bank rose over 2.5 percent, after Swiss investment bank UBS upgraded the German bank from "sell" to "neutral", saying the latter's restructuring plan would be backed by home regulator, which led to a more "balanced risk/reward" scenario.
Nonetheless, on the other side of the coin, prescription drug manufacturers such as Pfizer and Merck were tottered following the reveal of the news, ended the day down by 2.5 and 4.5 percent respectively.
The move gave drugstore chains and health insurers a boost, however. South Korea's Kospi climbed 0.3% to 2,087.46.
Second judge won't let Justice Department lawyers swap out on census case
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Shares of Illumina, a genetics toolmaking company, plunged 16% after the company announced it was lower its full-year forecast on weaker-than-expected revenue. Bed Bath & Beyond and Fastenal slumped on disappointing results.
Investors are also preparing for the start of second-quarter earnings season.
Companies have been lowering expectations for how much profit they made in the quarter.
On the economic front, US producer price index rose 0.1 percent in June, the same increase as in May, said the Bureau of Labor Statistics on Friday. The STOXX 600 ended 0.12% lower as warnings from small-cap auto and industrial suppliers pushed down shares of vehicle parts companies.
This could be the first time in three years that S&P 500 companies report a back-to-back decline in overall earnings. "We will hear lots about the impact of tariffs, but not much else". Brent crude futures settled down 49 cents, or 0.73%, at $66.52 a barrel.
ENERGY: Benchmark crude oil rose 10 cents to $60.30 per barrel in electronic trading on the New York Mercantile Exchange. Wholesale gasoline fell 2 cents to US$1.99 per gallon. Natural gas fell 2 cents to US$2.42 per 1,000 cubic feet. The August gold contract was up US$5.50 at US$1,412.20 an ounce and the September copper contract was up 0.7 of cent at US$2.69 a pound.
The Japanese yen strengthened 0.46% versus the greenback at 108.02 per dollar.