Canadian TSX futures pointed higher on Thursday, reflecting investor optimism due to easing geopolitical risk and a perceived retreat in trade war threats. The main index rose 0.3% the previous day, following a period of losses. Optimism stemmed from a framework agreement between the U.S. and NATO concerning Greenland, easing concerns over tensions.

U.S. stock index futures also advanced, extending the prior session's rebound. Investors are now turning their attention to upcoming earnings reports and the Federal Reserve meeting. Companies like Intel are set to announce results. The market is expecting the Federal Reserve to hold interest rates steady. Earnings season will extend into next week, with reports anticipated from major tech companies.

Gold prices dipped after hitting a record high, as the easing of tensions reduced demand for safe-haven assets. Oil prices also fell due to an increase in U.S. crude inventories. The U.S. crude inventories rose by over 3 million barrels. Investors will be watching for further economic data releases, including jobless claims and inflation figures.

The market’s reaction suggests a shift away from risk-off sentiment. Investors are seemingly confident that the tensions are cooling. However, investors will closely monitor company earnings reports and the Federal Reserve's meeting for further clues about the economic outlook. The Greenland framework deal is a key development.