(Reuters) – The rout in emerging markets eased on Friday and world shares headed for a second day of gains, as data suggesting the global economyis improving took the edge off concerns about a cut in U.S. monetary stimulus.

Wall Street was expected to open little changed with the focus largely on housing data due at 10 a.m. ET after gains in the previous session gave the S&P 500 .SPX a chance to secure its first weekly rise in three weeks.  Read more