TSX futures nudged higher Tuesday as investors braced for fresh U.S. inflation data and the kickoff to quarterly earnings from major Wall Street banks. The S&P/TSX 60 index futures gained 0.1%, building on Monday's strong session where the S&P/TSX composite index hit a new record close, propelled by a surge in gold prices. The precious metal rallied on safe-haven demand sparked by a criminal investigation into Federal Reserve Chair Jerome Powell by the Trump administration.

Meanwhile, U.S. stock futures pointed slightly lower ahead of the December Consumer Price Index report. Economists expect core inflation to tick up slightly, a key metric for the Federal Reserve's interest rate policy. The central bank is widely expected to hold rates steady in January, though markets are still pricing in two cuts for 2026.

All eyes are also on JPMorgan, Wells Fargo, and Goldman Sachs, which report earnings Wednesday. Their results, particularly from trading and investment banking divisions, will offer a crucial snapshot of corporate health and set the tone for markets in the early weeks of the new year.