Blue chips are expected to shrug off a poor performance in Asia and an "indifferent" session in the US ahead of the final revision of first-quarter UK economic growth and a number of other economic data releases.
The FTSE 100 is predicted to open around 10 points above yesterday's close of 6,735.12.
US markets saw a late rally in Thursday's session, although the lawsuit filed against Barclays provided a drag.
"US markets had a rather indifferent session yesterday touching one week lows at one point after comments from non-voting Federal Open Market Committee member and St. Louis Fed chief James Bullard suggested, in a manner befitting Bank of England Governor Mark Carney, that US markets were underestimating the timing of potential Fed rate hikes," Michael Hewson, Chief Market Analyst at CMC Markets UK, said.
Back in the UK , the gross domestic product (GDP) estimate, due to be released at 09:30, is widely expected to confirm the initial figure which showed that the UK economy expanded by 0.8% in the first three months of the year.
Compared with last year, the three-month figure is expected to have expanded 3.1%, in line with the first estimate.
Hewson continued: "In the wake of yesterday's formalisation of the macro prudential measures by the Bank of England to limit lending with respect to the housing market, we also get to see the final revision for UK first quarter GDP, which [...] is expected to be confirmed at 0.8%, though some have suggested it could come in at 0.9%."
There will also be other UK economic data on tap today, including the Lloyds Business Barometer, the current account balance and the GfK Consumer Confidence Survey. The latter indicator, released overnight, showed that Britons were at their most optimistic since March 2005 in June.
Business investment is predicted to come in unchanged at 2.7%, while the current account balance is expected to continue to show a huge, albeit reduced, deficit.
Across the Channel, the final revision for French GDP is also due, while Germany is set to release its latest inflation figure for June, anticipated to climb from 0.6% to 0.7%.
Here in London, this morning's company news revealed SuperGroup has regained the rights to trade in Denmark, Norway and Finland after acquiring the SMAC Group, its long-term Scandinavian distributor. The FTSE 250 company said the move would help it meet its ambitious plans for the region, by freeing it to invest its own capital in the store roll-out, improve margins on the wholesale operation and retain local operational and management expertise.
United Utilities, the UK's largest listed water company, has submitted a revised 2015-20 business plan to regulators that includes a proposal to cut average household bills by 0.6-2.3% in real terms over the period. After an initial plan was submitted to Oftwat in December 2013, revisions have been following "extensive discussions with Ofwat, our Customer Challenge Group and our other stakeholders", the company said. The regulator is expected to publish its draft determinations in August.