TSX futures inch up on commodity boost; US earnings in focus

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Oct 29 - Futures tied to Canada's main stock index rose on Tuesday on higher crude and precious metal prices, while investors awaited a deluge of major corporate earnings from the United States.Energy shares could rebound as oil prices gained after tumbling 6% on Monday, helped by a U.S. plan to buy oil for the Strategic Petroleum Reserve.

The TSX composite index , ended higher on Monday in a broad rally led by consumer goods, healthcare and financials sectors, which helped snap a five-day losing streak. Across the border, investors kept their eyes on Google parent Alphabet's , quarterly results later in the day, commencing this week's earnings for five members of the so-called"Magnificent Seven" group.

Adding to the anticipation was the upcoming U.S. presidential election, which is in its final stretch, with betting markets favoring Donald Trump's victory.

 

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