Global markets were mixed in cautious trading as jitters about artificial intelligence disruption persisted.

Wall Street futures edged higher ahead of jobs data later this morning.

TSX futures were in the black after Canada’s main stock market closed at a fresh record high yesterday, as commodity prices climbed.

In Canada, investors are getting results from Shopify Inc., Manulife Financial Corp., Great-West Lifeco Inc. and Sun Life Financial Inc.

On Wall Street, markets are watching earnings from Cisco Systems Inc., McDonald’s Corp., T-Mobile US Inc. and Kraft Heinz Co.

“A soft [U.S. jobs] data set would likely reinforce dovish Fed expectations ... and support the rotation trade,” Ipek Ozkardeskaya, senior analyst at Swissquote, wrote in a note.

“Stronger-than-expected data may reduce expectations for earlier Fed cuts, but it won’t change the broader narrative that part of the US economy – excluding tech – is heading in the wrong direction."

Overseas, the pan-European STOXX 600 was down 0.09 per cent. Britain’s FTSE 100 climbed 0.73 per cent, Germany’s DAX declined 0.28 per cent and France’s CAC 40 fell 0.25 per cent.

In Asia, Japan’s Nikkei is closed for a holiday, while Hong Kong’s Hang Seng rose 0.31 per cent.

Oil prices were on the rise, buoyed by escalating ​risk as U.S.–Iran talks remained tenuous, while ‌signs of an easing surplus spurred by better demand support from India also added strength.

Brent crude oil futures rose 1.48 per cent to US$69.82 a barrel. West ​Texas Intermediate (WTI) crude advanced 1.58 per cent to US$64.97.

“Ongoing tensions in the Middle East continue to support prices, although so far there has been no supply disruption,” said UBS oil analyst Giovanni Staunovo.

In other commodities, spot gold was up 1 per cent to US$5,074.39 an ​ounce. U.S. gold futures for April delivery gained 1.3 per cent to US$5,098 an ounce.

The Canadian dollar strengthened against its U.S. counterpart.

The day range on the loonie was 73.71 US cents to 74.06 US cents in early trading. The Canadian dollar was up about 2.7 per cent against the greenback over the past month.

The U.S. dollar index, which weighs the greenback against a group of currencies, slid 0.23 per cent to 96.58, nearing a two-week low.

The euro rose 0.13 per cent to US$1.1913. The British pound gained 0.41 per cent to US$1.3700.

In bonds, the yield on the U.S. 10-year note was last down at 4.137 per cent.

China’s CPI and PPI for January.

8:30 a.m. ET: Canadian building permits for December.

8:30 a.m. ET: U.S. nonfarm payrolls and revisions for January. Consensus is a rise of 70,000 jobs with the unemployment rate remaining at 4.4 per cent.

1:30 p.m. ET: Bank of Canada’s Summary of Deliberations for the Jan. 28 decision is released.

2 p.m. ET: U.S. budget balance for January.

With Reuters and The Canadian Press