Stocks are poised to open lower Friday, with investors likely to engage in a bit of profit taking following Thursday’s rally.

There are no major economic reports from Canada or the United States. Today. Investors will be looking ahead to next week’s U.S. data on home sales, durable-goods orders, consumer confidence and second-quarter growth.

In Europe, the German DAX was down 1% in intraday trading while London’s FTSE 100 was 0.2% lower.

Overnight in Asia, the Nikkei rose 90.14 points to 9,904.16 points. In Hong Kong, the Hang Seng Index fell 178.31 points to close at 10,245.69.