The euro improved modestly on Friday morning following better than expected data that showed the eurozone's service sector and factory output improved in May. However, gains were narrow as both figures, although improved from last month's readings, still indicated a contraction.

May 24 - European Central Bank President Mario Draghi says at a speech in London that European countries should strengthen their ties, and that the euro zone is more stable than a year ago.

European Central Bank president Mario Draghi, visiting London's City district, says he sees "encouraging signs of tangible improvements" in the UK economy.

Pandora reports earnings as it faces new competition from Google Play. Traders could see some strength in the euro on Germany data. Three retailers with a winning streak report before the bell. Victor Reklaitis has details on the next 24 hours.

International Monetary Fund chief Christine Lagarde faced hours of questioning at a special Paris court Thursday over her role in the 400 million euro ($520 million) pay-off to a controversial…