US stock futures are showing signs of recovery, indicating a higher open as traders focus on upcoming inflation data and corporate earnings reports. European equity markets have also opened positively, following mixed performances in Asian markets where Japan's Nikkei 225 fell by 0.73% and South Korea's Kospi rose by 0.4%. The mixed sentiment in Asian markets comes after a volatile session on Wall Street, where investors rotated out of technology stocks. Additionally, reports suggest that President-elect Donald Trump's economic team is considering implementing month-by-month tariff hikes ranging from 2% to 5% to enhance negotiating leverage and mitigate inflation concerns. This news has contributed to a slight uptick in market sentiment, as traders anticipate the impact of these potential tariffs on the economy.