Updated from 7 a.m.

NEW YORK (TheStreet) -- Here are 10 things you should know for Friday, June 5:

1. -- U.S. stock futures were trending lower in anticipation of the jobs report Friday. Evolent Health (EVH) debuts on the NYSE.

European stocks fell Friday in reaction to the latest Greek debt soap-opera and the continuing volatility on the bond markets.

In Asia, Tokyo's Nikkei and Hong Kong's Hang Seng fell. Mainland Chinese indices, in what some now see as irrational exuberance, jumped again.

2. -- The economic calendar in the U.S. on Friday includes the jobs report at 8:30 a.m. and consumer credit numbers at 3 p.m.

3. -- U.S. stocks on Thursday fell significantly as concerns about Friday's jobs report weighed on stocks.

The Dow Jones Industrial Average (DIA) flopped 0.94% to 17,905.58. The S&P 500 (SPY) sank 0.86% to 2,095.84. The Nasdaq (QQQ) fell 0.79% to 5,059.13.

4. -- The nonfarm payrolls report said that the U.S. added 280,000 jobs in May, and the unemployment rate is 5.5%. Economists with Econoday expected that the economy would add 220,000 jobs in May, and that unemployment would remain at 5.4%.

The jobs numbers will help determine when the Federal Reserve decides to raise interest rates -- a stronger economy would push the bank to raise rates sooner.

5. -- The Organization of Petroleum Exporting Countries seems prepared to keep pumping out more oil, even if prices remain low or even fall. OPEC is meeting in Vienna Friday to set its policy for the next six months.

Oil prices hit a six-year low in January after Saudi Arabia announced its intent to stop limiting output to keep prices high. OPEC's move has severely pressured U.S. shale oil, as well as less oil-rich regions that benefit from more costly oil.

The news pushed oil prices down, with U.S. West Texas Intermediate crude oil at $58 a barrel, and Brent crude oil just over $62.

6. -- U.K. telephone company Vodafone (VOD) has entered early talks to exchange assets with Liberty Global (LBTYA), the European cable company that John Malone controls. European cable and wireless companies are in the midst of a merger trend. The deal would allow Vodafone to add to its strength in wireless by expanding into more broadband services.

7. -- Hospital software company Evolent Health (EVH) has priced its initial public offering at $17 a share, for a valuation of about $950 million. Initial estimates were for a $14 to $16 price. The company is set to begin trading on the New York Stock Exchange on Friday under the EVH ticker.

8. -- Yahoo! (YHOOwill close down its Maps feature and some other services in an attempt to sharpen its focus on search. Yahoo! made the announcement in its second-quarter progress report.

In premarket trading, Yahoo! stock was falling by 0.12%.

9. -- The International Monetary Fund took the unusual step of advising the U.S. Federal Reserve not to raise interest rates until 2016. The IMF's annual assessment of the U.S. economy also said that the U.S. won't hit its 2% inflation target until 2017. But the IMF also said that the years of zero interest rates have pushed investors into a search for yield that had created "vulnerabilities" in some areas of the market.

By suggesting a delay in raising rates, the IMF also seems to be saying that the U.S. recovery isn't as strong as investors might hope.

10. -- Wal-Mart (WMT) holds its annual shareholder meeting on Friday. TheStreet's Brian Sozzi said that Wal-Mart needs to address three key areas at the meeting: its plans for organic foods, cheap apparel and the flailing Sam's Club. Read his analysis here. 

In premarket trading, Wal-Mart stock was down by 0.04%.

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