On Friday European stocks erased their gains as investors awaited U.S. inflation report amid optimism that the world’s largest economy will continue its recovery. U.S. index futures and Asian shares climbed.

Kazakhmys Plc and Antofagasta Plc led mining shares higher, both jumping more than 3 percent. Lanxess AG rose 1.9 percent after Morgan Stanley recommended buying the stock.

The Stoxx Europe 600 Index was unchanged at 234.74 in London. The gauge is still headed for a weekly loss of 2.4 percent on concern euro-area policy makers are struggling to contain the region’s debt crisis.

Italy’s Prime Minister Mario Monti will face a confidence vote in Parliament to speed passage of a 30 billion-euro emergency budget plan aimed at spurring growth and cutting the euro-area’s second-biggest debt.

The Chamber of Deputies in Rome debates the measures before the confidence vote, which Monti’s government requested to force lawmakers to support the plan or risk the fall of the government. A final vote will be held in the lower house at 7:30 p.m., and then the package will pass to the Senate, which is set to decide on it on the 23rd December.

Asian stocks rose, snapping three days of losses, after U.S. data on manufacturing and jobless claims beat estimates, easing concern Europe’s debt crisis will drag the global economy into a recession.

Japan’s Nikkei 225 Stock Average rose, set to snap a three-day losing streak, after U.S. unemployment claims fell to the lowest level in three years. The Nikkei 225 rose 0.3 percent. The benchmark fell 1.6 percent for the week. The broader Topix index slipped 0.2 percent during the day after Christine Lagarde, the International Monetary Fund’s managing director, on Thursday said Europe’s crisis is “escalating.”