Canadian TSX futures inched up on Tuesday, driven by rising metal prices and anticipation surrounding upcoming central bank meetings. Investors are watching the Federal Reserve and the Bank of Canada closely for clues on interest rate decisions later this week. The S&P/TSX composite index slightly dipped the previous day, retreating from recent highs.

U.S. markets showed mixed signals, with Dow Jones futures down and S&P 500 and Nasdaq 100 futures up. The market is in a holding pattern ahead of the Fed's policy meeting. President Trump's tariff threats on South Korean imports had little impact. Investors await potential rate cut guidance and the next Fed governor's identity, with speculation around Rick Rieder.

Earnings season is also a focus, with many S&P 500 companies set to report. While tech giants like Tesla and Apple will draw attention, key reports are due from healthcare and the aerospace industries. Gold prices rose due to trade concerns and geopolitical tensions, while oil prices also saw gains, supported by supply disruptions from extreme weather in the U.S.