After a turbulent week for global markets, European stocks have risen.

Concerns continue regarding the escalating trade war following U.S. President Donald Trump's imposition of an additional 125% tariff on China, on top of the existing 20% tariff, which has led China to raise its tariff rate to 125%.

European markets opened slightly higher on Friday morning as stocks attempted to recover some gains after a week of volatility shaken by changing tariff announcements. The UK's FTSE 100 index rose by 0.5% around 9:45 a.m. Turkish time, while Germany's DAX index increased by 0.6%. France's CAC 40 index also advanced by 0.8%, and the STOXX 600 index rose by 0.4%. British American Tobacco, HSBC, and Barclays made gains early on Friday, while Getinge B and Zurich Insurance Group were among the biggest losers. However, despite President Trump's announcement of a 90-day pause on "reciprocal" tariffs, market concerns persisted. Investors remain anxious due to the high tariffs imposed by the U.S. on China.

Throughout the night, Asia-Pacific markets declined on Thursday as investors continued to be concerned about further tariff retaliation from both the U.S. and China. Japan's benchmark Nikkei 225 closed on Friday with a nearly 3% drop at 33,585.58. China's Shanghai Composite Index traded at 3,238.23, up 0.5% at market close on Friday. Hong Kong's Hang Seng index showed a gain of 1.6% around 9:45 a.m. on Friday. Australia's S&P/ASX 200 index fell by 0.8% to 7,646.50, while South Korea's Kospi index declined by 0.5% on Friday.

As investors worried whether the escalating trade war between China and the U.S. could lead to an economic downturn, U.S. stocks were painted red on Thursday. The S&P 500 closed down 3.5%, while the Nasdaq 100 index lost 4.2%. The Dow Jones Industrial Average also ended Thursday down 2.5%. Companies like CarMax, United Airlines, Microchip, and Monolithic saw the biggest declines, while Boeing, General Motors, and Chevron experienced smaller losses.

In the commodities and currencies markets, U.S. crude oil rose by about 1% to $60.9 per barrel on Friday morning, while Brent crude oil increased by 1.1% to $64.1 per barrel. Meanwhile, gold showed an increase of over 1% on Friday morning, pulling back slightly from record levels. The precious metal also recorded a weekly gain of 5.5%. The EUR/USD exchange rate rose by 1.4% on Friday morning, while the EUR/GBP exchange rate increased by 0.8%.