Global markets experienced volatility on Friday due to escalating US-China trade tensions. China's increased tariffs on US imports initially caused the Stoxx Europe 600 to dip, but it recovered. While futures suggested a slight rise in the S&P 500, the week concluded with significant market fluctuations. The US dollar and government bonds also fell, reflecting a perceived 'confidence crisis' in the dollar. Asian markets showed mixed reactions, with Hong Kong, mainland China, and Taiwan experiencing gains, while Japan saw a decline.

Prepared by Christopher Adams and reviewed by editorial team.