Global stocks staged a rebound after some encouraging earnings signals reassured investors, while the U.S. government’s long-term borrowing costs hit their highest since 2007.

Wall Street and TSX futures pointed higher after North America’s major stock indexes closed lower on Wednesday.

In Canada, investors are getting results from AltaGas Ltd., Bombardier Inc., Brookfield Infrastructure Partners LP, Capstone Mining Corp., Colliers International Group Inc., Definity Financial Corp., Eldorado Gold Corp., Endeavour Mining Corp., Fairfax Financial Holdings Ltd., First Majestic Silver Corp., Gildan Activewear Inc., Loblaw Co. Ltd., Pembina Pipeline Corp., Power Corp. of Canada, TC Energy Corp. and TMX Group Ltd.

On Wall Street, markets are watching earnings from Amazon.com Inc., Apple Inc., Bristol-Myers Squibb Co., Mastercard Inc., Shell PLC and Stryker Corp.

“Uncertainty about U.S. monetary policy, the sharp steepening of the Treasury yield curve, growing tensions in the Middle East and continued worries about the semiconductor industry and AI sector mean that markets are likely to stay volatile in the near term,” said Vasu Menon, managing director of investment strategy at OCBC.

Overseas, the pan-European STOXX 600 was up 0.51 per cent in morning trading. Britain’s FTSE 100 rose 0.44 per cent, Germany’s DAX slipped 0.06 per cent and France’s CAC 40 gained 0.98 per cent.

In Asia, Japan’s Nikkei closed 0.71 per cent higher, while Hong Kong’s Hang Seng rose 0.20 per cent.

Oil prices rose for a second day as renewed attacks between the United States and Iran disrupted oil flows through key shipping routes.

Brent futures rose 1.17 per cent to US$91.80 a barrel. West Texas Intermediate (WTI) crude gained 0.46 per cent to $84.85.

“Until safe passage through the Strait of Hormuz is no longer a gamble, the risk premium in oil is not going anywhere – hope for diplomacy is welcome, but the market is pricing the reality of ongoing strikes,” said Tim Waterer, chief market analyst at KCM Trade.

In other commodities, spot gold was little changed at $4,062.30 an once. U.S. gold futures for August delivery gained 0.7 per cent to US$4,060.60.

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

The day range on the loonie was 71.07 US cents to 71.28 US cents in early trading. The Canadian dollar was up about 0.91 per cent against the greenback over the past month.

The U.S. dollar index, which weighs the greenback against a group of currencies, gained 0.04 per cent to 100.770. The dollar was pegged at $1.4056.

The euro declined 0.16 per cent to US$1.145. The British pound shed 0.10 per cent to US$1.3355.

In bonds, the yield on the U.S. 10-year note was last up at 4.703 per cent.

Bank of Japan monetary policy announcement, plus consumer confidence and machine tool orders

Euro area GDP, economic confidence and employment data. Germany also releases inflation data

Bank of England monetary policy meeting

8:30 a.m. ET: U.S. weekly initial jobless claims

8:30 a.m. ET: U.S. real GDP for the second quarter. Consensus is for 2.3-per-cent annual growth, accelerating from the previous quarter’s 2.1 per cent.

8:30 a.m. ET: U.S. personal spending and personal income for June. Consensus is for a rise of 0.4 per cent and 0.3 per cent, respectively.

8:30 a.m. ET: U.S. core PCE price index. Consensus is for a monthly increase of 0.1 per cent, or 3.3 per cent from a year earlier.

With Reuters and The Canadian Press