US stock futures are indicating an increase after a highly volatile week, with investors facing the repercussions of the global trade war. The euro has reached a three-year high.

During a tumultuous week, the dollar saw significant losses, while the 10-year Treasury yield remained stable, rising nearly 50 basis points for the week. The Stoxx 600 benchmark in Europe showed a slight improvement.

The extreme fluctuations in the market reflect doubts about the proposed talks with US trading partners and concerns about escalating tensions with China, despite President Donald Trump's decision to postpone certain tariffs. The previously prominent America-first trade strategy, which involves investing in assets that perform well when the US surpasses other economies, is now being reversed due to fears that a significant tariff hike could push the US into a recession.

Market experts are uncertain about the future direction of global trade following the unconventional moves by the US, which have created a lack of clarity and increased uncertainty.

Investors are awaiting insights from major US banks reporting their first-quarter earnings, including Wells Fargo & Co., JPMorgan Chase & Co., Morgan Stanley, and BlackRock Inc., before the US market opens.

Asian stocks are heading for their third consecutive week of declines as anxiety rises after clarification that US tariffs on China have increased to 145%. Investors are seeking safer options outside the US, leading to a surge in the Swiss franc to a ten-year high and a record high for gold.

The Bloomberg Dollar Spot Index has hit a six-month low as it continues to decline, with the options premium for hedging against a dollar drop versus other major currencies reaching its highest level since March 2020.

Emerging market currencies like the Korean won and the Thai baht strengthened against the dollar, while the Japanese yen rose, reaching around 143 per dollar on Friday, a level not seen since October.