The major index futures are now pointing to a modestly higher open for the markets, with the Dow futures up by 21 points.
"Markets are looking for any reason at all for a reset".
With the tense mood pushing European shares down for a third day and Wall Street set to fall again, global stocks were on course for their worst week since Donald Trump won November's U.S. presidential election.
"There is a continuation of flight to the safe havens after remarks on Thursday evening from Trump about North Korea", said Quantitative Commodity Research consultant Peter Fertig.
"There aren't many players in the market, nor is there much incentive [for prices] to move right now, so I think it's going to be very quiet for the rest of the month", he commented. The tone of Trump's warning this time around has shaken investors.
But are investors really nervous about a possible military conflict with Kim Jong Un?
The Dow and the S&P clung to tiny gains on Tuesday after scaling new records as support from technology stocks offset weakness in the healthcare and materials sectors.
In Europe, France's CAC 40 fell 1.6 percent to 5,135 while Germany's DAX was down 1.3 percent at 12,133.
Excluding food and energy prices, core producer prices still dipped by 0.1 percent in July after creeping up by 0.1 percent in June.
South Korea's won dropped 0.9 per cent against the United States dollar to its lowest close since July 13.
News that U.S. producer prices unexpectedly fell in July earlier helped send the dollar lower. The pan-European STOXX 600 hit its lowest level since the end of March, down 1.1%.
Falls were also seen on Wall Street, with the Dow Jones Industrial Average down 0.5% about 15 minutes into trading and the Nasdaq tumbling by 0.6%.
On that note, the Global Times also pointed out that: "if the US and South Korea carry out strikes and try to overthrow the North Korean regime and change the political pattern on the peninsula, China will prevent them from doing so".
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.6 percent in its third session of declines, heading for a 1.5 percent drop for the week. U.S. Treasury yields fell Wednesday with yields on the 10-year note at a six-week low.
The index was down 1.44% or 108.12 points to close at 7389.94 on Thursday in its worst performance for four months.
The price of crude oil dropped more than two percent Thursday, the cost of a barrel falling to $48.49.
USA gold futures for December delivery was mostly unchanged at $1,290.50 per ounce.
"We've had such a period of low volatility in the markets, coupled that with high valuation, it only takes a bit of a wobble to cause a reaction like we've seen", Jonathan Roy, advisory investment manager at Charles Hanover Investments, told Reuters. Against the euro, the dollar is valued at $1.826 compared to yesterday's $1.1772.