US stocks have had a subdued week after a strong start to February.

US stock futures pointed to a higher open on Friday after a week in which equities struggled for direction as bond yields rose, increasing borrowing costs and worrying some investors.

Yields on longer-dated US bonds climbed overnight and traded at around their highest level since February 2020, before the coronavirus pandemic took hold.

S&P 500 futures rose 0.31% on Friday morning, after the benchmark index fell 0.44% on Thursday. Nasdaq futures climbed 0.37% and Dow Jones futures were up 0.25% after both indexes fell the previous day.

Stocks were mixed in Asia overnight, with China’s CSI 300 gaining 0.18% but Japan’s Nikkei 225 slipping 0.72%.

The European Stoxx 600 index

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