Global markets were mixed as investors rotated out of some high-flying tech names while searching for bargains in other parts of the market.

Wall Street futures were in the black after major U.S. markets closed lower yesterday.

TSX futures pointed higher after Canada’s main stock market hit a fresh record high yesterday.

In Canada, investors are getting results from Richelieu Hardware Ltd.

On Wall Street, markets are watching earnings from Taiwan Semiconductor Manufacturing Co. Ltd., Morgan Stanley, Goldman Sachs Group Inc. and BlackRock Inc.

TSMC, the world’s main producer of advanced AI chips, posted a forecast-smashing 35-per-cent jump in fourth-quarter profit ‍to a record high, predicted robust annual growth and flagged more U.S. manufacturing capacity was in the works.

“There’s a rotation playing out on Wall Street that’s ultimately weighing on [indexes] but indicates that the internals of the market are holding up reasonably well,” said Kyle Rodda, an analyst at Capital.com.

Overseas, the pan-European STOXX 600 was up 0.37 per cent in morning trading. Britain’s FTSE 100 rose 0.4 per cent, Germany’s DAX edged up 0.01 per cent and France’s CAC 40 fell 0.3 per cent.

In Asia, Japan’s Nikkei closed 0.42 per cent lower, while Hong Kong’s Hang Seng slipped 0.28 per cent.

Oil prices fell after U.S. President Donald ‍Trump said killings of demonstrators in nationwide protests in Iran were stopping, tempering concerns over military action against Iran and supply disruptions.

Brent ‍futures ​were down 3.3 per cent to US$64.33 a barrel. West Texas Intermediate (WTI) crude had slid3.3 per cent to US$59.95 a barrel.

In other commodities, spot gold was down 0.4 per cent to US$4,602.99 an ounce after hitting a record US$4,642.72 yesterday. U.S. gold futures for February delivery fell 0.6 per cent to US$4,607.60.

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

The day range on the loonie was 71.89 US cents to 72.06 US cents in early trading. The Canadian dollar was down about 0.9 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 0.02 per cent to 99.15.

The euro declined 0.06 per cent to US$1.1638. The British pound dropped 0.16 per cent to US$1.3424.

In bonds, the yield on the U.S. 10-year note was last up at 4.142 per cent.

Euro zone trade surplus and industrial production

Germany GDP, which showed the troubled economy returned to modest growth last year after two years of falling output with a 0.2 per cent rise.

5 a.m. ET: Canadian existing home sales and average prices for December. National home sales for the month dropped by 2.7 per cent on a seasonally adjusted basis from November, and by 4.5 per cent in real numbers compared with December, 2024.

5 a.m. ET: Canada’s MLS Home Price Index for December. Estimate is a year-over-year drop of 4.0 per cent.

8:30 a.m. ET: Canadian manufacturing sales and new orders for November. Estimates are declines of 1.1 per cent and 0.5 per cent, respectively, month-over-month.

8:30 a.m. ET: Canada’s wholesale trade for November.

8:30 a.m. ET: U.S. initial jobless claims for week of Jan. 10. Estimate is 212,000, up 4,000 from the previous week.

8:30 a.m. ET: U.S. import prices for October and November.

8:30 a.m. ET: U.S. Empire State Manufacturing Survey for January.

8:30 a.m. ET: U.S. Philadelphia Fed Index for January.

With Reuters and The Canadian Press