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TSX futures rise amid easing bond yields, higher gold prices

Via Investing.com

TSX futures rise amid easing bond yields, higher gold prices Scott Kanowsky Tue, October 13, 2026 at 8:42 AM EDT 4 min read ^GSPTSE +1.48% GC=F +0.38% Investing.com - Futures linked to Canada's main stock index ticked higher on Tuesday, bolstered by steadying bond yields and an uptick in precious metals prices, which helped to offset jitters around the artificial intelligence trade.

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By 07:36 ET (11:36 GMT), the S&P/TSX 60 index standard futures contract had risen by 18 points, or 0.8%. The TSX index was closed on Monday for the Thanksgiving Day holiday.

On Friday, the TSX notched its biggest gain in five weeks. Softer than anticipated employment data weighed on expectations for a fresh Bank of Canada interest rate increase. Worries have abounded that elevated energy prices and rising government debt will lead the central bank to keep borrowing costs higher for a longer period of time.

U.S. stock futures hovered around both sides of the flatline, as investors assessed a wave of key corporate earnings, including returns from top Wall Street banks.

By 07:53 ET (11:53 GMT), S&P 500 futures had slipped by 8 points, or 0.1%, while Nasdaq 100 futures had fallen by 228 points, or 0.7%. Dow Jones futures had risen by 332 points, or 0.6%.

The main U.S. averages were mixed on Monday, with traders weighing jitters around the artificial intelligence trade, a fresh spike in oil prices and underwhelming sales from luxury giant LVMH.

U.S. chipmakers came under particular pressure to begin the trading week, with a tracker of the industry slipping by 2.7%. Tech stocks in South Korea were later hit hard as well. The losses partially stemmed from reports of advances made by China's ChangXin Memory Technologies, which fueled worries that gap in the AI race between U.S. firms and their Chinese counterparts might be narrowing.

"[T]he big topic of conversation this morning is tech as investors debate why the group has traded so poorly for the last several sessions," analysts at Vital Knowledge said in a note.

Investors were keeping close tabs on a slew of earnings from Wall Street banking giants, as the latest quarterly reporting period kicks into gear.

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JPMorgan Chase posted third-quarter profit that were weaker than expected. The largest U.S. bank was hit by a slowdown in fixed-income markets revenue and a $658 million investment loss on its books. Shares oscillated around the flatline in premarket trading.

Wells Fargo shares were choppy after the group reported an increase in third-quarter profit aided by loan book growth and higher interest income.

Meanwhile, Goldman Sachs's third-quarter equities revenue and investment banking fees increased, powering an uptick in profit and sending shares higher. Citigroup's fixed-income trading revenue topped expectations, although shares edged down.

On Wednesday, Bank of America, Morgan Stanley, and BlackRock are due to report.

The host of bank earnings will likely be scrutinized for signs of resilience in lending, investment banking and consumer credit, while special attention could surround any commentary on the broader economic outlook.

Beyond banking, U.S. health insurer UnitedHealth Group (NYSE:UNH) notched better-than-expected third-quarter revenue and raised its profit forecast. Meanwhile, healthcare conglomerate Johnson & Johnson (NYSE:JNJ) logged a rise in sales on solid demand for its immune disease treatment Tremfya, although issues related to the war in the Middle East negatively impacted its medial devices unit.

Shares of UnitedHealth Group ticked higher premarket, while J&J shares retreated by more than 2%.

Elsewhere, oil prices fell after Russia said its diesel exports may exceed volumes announced under a supply deal with the U.S., countering fears over Gulf supply flows. A crude price surge on Monday, triggered in part by fresh strikes on Saudi infrastructure by Houthi rebels in Yemen, threatened to reinforce inflationary pressures.

Gold prices rebounded on Tuesday as te dip in oil prices supported bullion, but the widening conflict in the Middle East continued to raise concerns over energy supply disruptions, persistent inflation and the prospect of further interest-rate hikes.

Traders will have the chance to parse through September consumer price index data on Wednesday, which could offer insight into both the state of inflation and the outlook for Federal Reserve monetary policy. The Fed is widely tipped to keep interest rates steady at its upcoming meeting this month, after the central bank lifted borrowing costs for the first time since 2023 in September.

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Read original at Yahoo Finance News

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