US pre-open: Stocks seen muted following record close for Dow Jones

US stock futures were pointing to a muted start to trading on Friday after a record close for the Dow Jones Industrial Average in the previous session.

As of 1230 GMT, Dow futures were up 0.09%, while S&P 500 and Nasdaq futures had the indices opening flat.

US stocks closed higher on Thursday after Beijing and Washington agreed to roll back tariffs on each other's goods as part of an effort to secure a phase one trade deal.

However, reports on Friday suggested the Trump administration was divided over the move.

Reuters cited sources familiar with the talks as saying that the agreement between the US and China to roll back tariffs faces "fierce" internal opposition in the White House and from outside advisers. Sources said the idea of a tariff rollback was not part of the original October 'handshake' deal between Chinese Vice-Premier Liu He and US President Trump.

Lukman Otunuga, senior research analyst at FXTM, said: "Although most remain cautiously optimistic that a trade deal is still on the horizon, conflicting messages between both sides could strain investor confidence and dampen global sentiment."

Elsewhere, European Commission President Jean-Claude Juncker said there "won’t be any auto tariffs" from the US on Europe next week. US President Donald Trump has until 13 November to decide whether or not he will slap car tariffs on the EU.

On the data front, the University of Michigan's consumer sentiment index will be published at 1500 BST.

Reserve Bank of San Francisco President Mary Daly will make a speech at 1645 GMT.

In corporate news, Allianz, Duke Energy and Honda will all report earnings on Friday.