Stocks: 5 things to know before the open

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Traders are looking forward to the upcoming long weekend, which may mean a relatively quiet day in the markets.

Here are the five things you need to know before the opening bell rings in New York:

1. Taking stock: U.S. stock futures are holding steady.

On Thursday, the S&P 500 inched up by 0.2% and closed at a fresh record high. The Dow Jones industrial average ended unchanged, while the Nasdaq moved up by 0.4%.

In Europe, stock markets are muddling along in early trading, with no clear direction. The FTSE 100 is moving up a bit, but most other indexes are declining.

Investors are watching as the top central banker in Europe -- Mario Draghi -- gives a speech in Portugal about inflation and unemployment. And Fed chair Janet Yellen is due to give a speech about inflation at 1 p.m. ET.

Related: Fear & Greed Index

2. Asia overview: Nearly all Asian markets ended Friday with gains.

Chinese indexes closed out the week after a stunning rise. The Shanghai Composite and Shenzhen indexes are up a whopping 8.1% and 12%, respectively.

Calm is returning to Hong Kong after a roller coaster ride. Hanergy's (HNGSF) market capitalization dropped by $19 billion in one hour on Wednesday, and trading in its shares remain suspended.. The company has yet to provide an explanation for the collapse in its value.

In Japan, the central bank said it would maintain its monetary stimulus program at the same pace and predicted the moderate economic recovery would continue.

Analysts don't expect an increase in stimulus anytime soon.

3. Earnings Campbell Soup (CPB), Foot Locker (FL) and Deere (DE) are reporting ahead of the open.

4. Economics: The U.S. government will provide an update about monthly consumer inflation at 8:30 a.m. ET.

5. Long weekend coming up: Many global stock markets will be closed on Monday for a long weekend, including stock exchanges in New York, Hong Kong, London and Frankfurt.

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