Global stocks were mixed as many markets in the euro zone and in China were closed for holiday.

Wall Street futures were muted after the S&P 500 and the Nasdaq yesterday logged their biggest monthly gains in years.

TSX futures were little changed after Canada’s main stock market posted its biggest daily gain in a month yesterday.

In Canada, investors are getting results from TC Energy Corp., Imperial Oil Ltd.,

On Wall Street, markets are watching earnings from Exxon Mobil Corp., Chevron Corp., Colgate-Palmolive Co.

“As we enter May – traditionally a softer month – earnings resilience continues to offset geopolitical and inflation concerns,“ Ipek Ozkardeskaya, senior analyst at Swissquote, wrote in a note.

“AI optimism remains the base case unless geopolitics deteriorate.”

Overseas, the pan-European STOXX 600 was up 1.25 per cent in morning trading, while Britain’s FTSE 100 slid 0.63 per cent.

In Asia, Japan’s Nikkei closed 0.38 per cent higher.

Oil prices rose as efforts ​to resolve the Iran war remained ‌at an impasse, with Tehran still blocking the Strait of Hormuz and the U.S. Navy blocking exports of Iranian crude.

Brent crude futures for ⁠July ​were up 1 per cent to US$111.50 a barrel. West Texas Intermediate futures gained 0.49 per cent to US$105.60.

In other commodities, spot gold was down 0.6 per cent to US$4,592.99 an ounce and was on track for a weekly loss of about 2.4 per cent after dropping to a one-month low on Wednesday. U.S. ​gold futures for June delivery dipped 0.5 per cent ‌to US$4,604.50.

The Canadian dollar was flat against its U.S. counterpart.

The day range on the loonie was 73.58 US cents to 73.69 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, edged up 0.03 per cent to 98.08. The U.S. dollar traded at $1.3579.

The euro climbed 0.06 per cent to US$1.1741. The British pound was little changed at US$1.3604.

In bonds, the yield on the U.S. 10-year note was last up at 4.387 per cent.

Japan’s CPI, consumer confidence and manufacturing PMI

8:30 a.m. ET: Canada’s provincial GDP for 2025.

9:30 a.m. ET: Canada’s S&P Global Manufacturing PMI for April.

9:45 a.m. ET: U.S. S&P Global Manufacturing PMI for April.

10 a.m. ET: U.S. ISM Manufacturing PMI for April.

Also: U.S. and Canadian auto sales for April.

With Reuters and The Canadian Press