Global markets were mixed as lacklustre earnings from tech megacaps deepened a selloff on Wall Street, while U.S. sanctions against Russia and possible new export controls on China revived geopolitical worries.

Wall Street futures were also mixed, with Dow futures pointing lower.

TSX futures were in positive territory as commodity prices climbed.

In Canada, investors are getting results from Rogers Communications Inc. and Newmont Corp.

On Wall Street, markets are watching earnings from T-Mobile US Inc., Intel Corp., Union Pacific Corp., Honeywell International Inc., Blackstone Inc. and Ford Motor Co.

“With no fresh macro data to anchor sentiment, investors are leaning defensive while [U.S. President Donald] Trump’s Asia visit stirs geopolitical nerves,” said Charu Chanana, chief investment strategist at Saxo Bank in Singapore.

“The chatter around U.S. software export curbs to China has hit tech sentiment right where it hurts, and renewed sanctions on Russia are a reminder that geopolitical risks aren’t going away either.”

Overseas, the pan-European STOXX 600 was up 0.22 per cent in morning trading. Britain’s FTSE 100 rose 0.53 per cent, Germany’s DAX declined 0.31 per cent and France’s CAC 40 climbed 0.32 per cent.

In Asia, Japan’s Nikkei closed 1.35 per cent lower, while Hong Kong’s Hang Seng advanced 0.78 per cent.

Oil prices jumped, extending yesterday’s gains, after the U.S. imposed sanctions on major Russian suppliers Rosneft and Lukoil over the Ukraine war.

Brent crude futures were up 4.3 per cent to US$65.30. West Texas Intermediate (WTI) crude futures advanced 4.4 per cent to US$61.06.

But skepticism in the market about whether the U.S. sanctions would result in a fundamental shift in supply and demand has limited gains.

“So far, almost all the sanctions against Russia for the past 3.5 years have mostly failed to dent either the volumes produced by the country or the oil revenues,” said Rystad Energy analyst Claudio Galimberti.

In other commodities, spot gold was up 0.6 per cent at US$4,119.49 an ounce. Bullion fell to a near two-week low in the previous session. U.S. gold futures for December delivery climbed 1.8 per cent to US$4,136 an ounce.

The Canadian dollar was little changed against its U.S. counterpart.

The day range on the loonie was 71.39 US cents to 71.50 US cents in early trading. The Canadian dollar was down about 0.39 per cent against the greenback over the past month.

The U.S. dollar index, which weighs the greenback against a group of currencies, rose 0.18 per cent to 99.07.

The euro slid 0.15 per cent to US$1.1594. The British pound edged down 0.07 per cent to US$1.3347.

In bonds, the yield on the U.S. 10-year note was last up at 3.993 per cent.

*Note: Scheduled U.S. data reports may not be released if the government shutdown isn’t resolved.

Euro zone consumer confidence

8:30 a.m. ET: Canadian retail sales for August. Consensus is a month-over-month rise of 1.0 per cent.

8:30 a.m. ET: Canada’s manufacturing sales for September.

8:30 a.m. ET: U.S. initial jobless claims for week of Oct. 18.

10 a.m. ET: U.S. existing home sales for September.

With Reuters and The Canadian Press