U.S. stock futures jumped ahead of Wall Street’s open on Friday, on hopes that debt-troubled Greece will reach a deal with its creditors this weekend and stave off an exit from the eurozone. Sentiment also was boosted by another upbeat trading session in China, where the main benchmarks trimmed their sharp monthly losses. Futures for the Dow Jones Industrial Average YMU5, +1.11% soared 209 points, or 1.2%, to 17,659, while those for the S&P 500 index ESU5, +1.19% jumped 27 points, or 1.4%, to 2,068. Futures for the Nasdaq 100 index NQU5, +1.26% gained 58 points, or 1.4%, to 4,398. The moves come on the back of a volatile session on Thursday, when an early-morning rally faded to leave the main benchmarks only slightly higher at the close. Greek hopes: Sentiment on Greece changed drastically on Friday after the country’s government late Thursday submitted a new reform proposal, which appeared to be closer to creditors’ demands on some of the most divisive issues. The lenders will discuss the blueprint later on Friday, and a decision is expected ahead of the weekend, Eurogroup head Jeroen Dijsselbloem said, according to Bloomberg. The reform program is a prerequisite for a new bailout package, desperately needed for the Greece to avoid bankruptcy and a potential exit from the eurozone. Earlier in the week, economists raised the probability of a “Grexit�, after Greek voters rejected lenders’ austerity measures in a referendum on Sunday. Greece’s banks and stock market are closed until Monday. The Global X FTSE Greece 20 ETF GREK, +7.40% surged 9.9% ahead of the U.S. market open, while European stock markets SXXP, +1.88% staged impressive rallies across the board. Fed speakers and data: Boston Fed President Eric Rosengren gives a speech on the economy at Rocky Mountain Economic Summit in Victor Idaho at 11:35 a.m. Eastern Time. Rosengren isn’t a member of the Fed’s policy-setting committee this year. Federal Reserve Chairwoman Janet Yellen gives a speech on the economic outlook at The City Club of Cleveland at 12:30 p.m. Eastern. On the data docket, a report on wholesale inventories for May is due at 10 a.m. Eastern. Movers & shakers: Shares of Apple Inc. AAPL, +1.66% climbed 1.2% ahead of the bell, poised for a rebound after the iPhone maker fell for five straight sessions, the longest losing streak since January. U.S. listed shares of Alibaba Group Holding Ltd. BABA, +1.95% added 2.7% in Friday’s premarket trade, shaking off a report that the Chinese e-commerce giant’s senior executive Patrick Liu is being held in police custody over corruption allegations related to his previous job at Tencent Holdings Ltd. 0700, +1.99% Other markets: Oil futures CLQ5, -0.28% pared gains after the International Energy Agency said global oil demand will slow down next year, warning that crude prices could resume a recent downward spiral. Most metals prices moved higher, buoyed by a weakening dollar DXY, -0.54% which fell 1% to 95.51. against a basket of major rivals.

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