Canadian TSX futures edged higher on Tuesday as gold prices stabilized after a recent downturn. The S&P/TSX 60 index futures contract rose 0.4%, reflecting a rebound from the previous session's losses. Investors are also watching a flurry of earnings reports this week, which are expected to shape market sentiment.

U.S. stock futures also saw gains, with investors anticipating a flood of quarterly earnings announcements. Over 100 companies within the benchmark are scheduled to release figures, influencing market direction. Advanced Micro Devices (AMD) is set to report, and Microsoft (MSFT)'s recent earnings, though solid, disappointed some, causing profit-taking in the tech sector.

Beyond earnings, investors are monitoring upcoming economic data and signals from the Federal Reserve regarding interest rates. A potential U.S. government shutdown has also delayed the release of the January jobs report. In commodities, gold prices stabilized after a sharp decline, and oil prices rebounded slightly after a drop due to easing tensions between the U.S. and Iran.

SpaceX acquired xAI in a valuation of $1.25 trillion, highlighting Elon Musk's ambitions in AI and space exploration. SpaceX's potential public listing is highly anticipated. Market participants will be closely watching the upcoming earnings releases, especially from tech giants, for insights into future growth and potential investment opportunities.