United States stock futures erased previous losses on Friday and moved into the green territory, although the trade conflict between the US and China escalated further after Beijing increased tariffs on US goods from 84% to 125%.

The Dow Jones futures gained 0.57% or 227 points at 6:00 am ET. At the same time, the Nasdaq 100 futures advanced by 0.84%, and the S&P 500 futures improved by 0.77%.

The euro traded 1.58% higher against the dollar at 5:54 am ET, selling for $1.13762.