Before the Bell will pause for the Thanksgiving Day holiday on Monday and return on Tuesday.

Global markets were on the rise and oil prices slipped after U.S. President Donald Trump said the United States would not attack Iran before next month’s midterm elections, easing some near-term concerns about ⁠energy supplies.

Investors ​remained cautious, however, as they weighed another wave of fundraising by technology companies while borrowing costs in some of the world’s biggest economies hovered near multiyear highs.

Wall Street futures were in positive territory after major North American markets closed mixed yesterday.

TSX futures followed sentiment higher ahead of September jobs numbers later this morning.

In Canada, investors are getting results from MTY Food Group Inc.

On Wall Street, markets are watching earnings from Delta Air Lines Inc.

“Investors are becoming more discriminating about AI valuations while renewed demand for government bonds is ​emerging at elevated yields,” said Florian Ielpo, head of macro ⁠at Lombard Odier.

Overseas, the pan-European STOXX 600 was up 0.97 per cent in morning trading. Britain’s FTSE 100 rose 0.88 per cent, Germany’s DAX gained 1.15 per cent and France’s CAC 40 climbed 0.79 per cent.

In Asia, Japan’s Nikkei closed flat, while Hong Kong’s Hang Seng gained 1.79 per cent.

Oil prices fell as Middle East supply ‌concerns eased after Trump’s comments on Iran amid productive talks to end their war that has disrupted global energy markets.

Brent crude futures ⁠dropped ​1.31 per cent to US$102.90 a barrel. West Texas Intermediate (WTI) crude futures eased 0.92 per cent to US$90.65.

The U.S. President’s pledge not ​to renew military attacks on Iran before the midterm elections ‌along with China’s resumption of product exports were moving prices lower, PVM Oil Associates analyst Tamas Varga said.

“Yet, the escalation ... in the Persian Gulf and around the Red Sea has dashed hopes that swelling oil exports from the region will be sustainable and, as such, a protracted fall in oil prices in ‌the foreseeable ​future seems implausible.”

In other commodities, spot gold rose 1.4 per cent to US$4,190.57 an ounce. U.S. gold futures for December delivery gained 1.4 per cent to US$4,215.30.

The Canadian dollar weakened against its U.S. counterpart.

The day range on the loonie was 70.09 US cents to 70.39 US cents in early trading. The Canadian dollar was down about 2.54 per cent against the greenback over the past month. It traded at $1.4233 per US$1.

The U.S. dollar index, which weighs the greenback against a group of currencies, declined 0.04 per cent to 102.10.

The euro rose 0.04 per cent to US$1.1217. The British pound gained 0.05 per cent to US$1.3237.

In bonds, the yield on the U.S. 10-year note was last up at 5.255 per cent.

8:30 a.m. ET: Canadian employment for September. The Street is expecting a gain of 9,200 jobs (versus a loss of 41,700 jobs in August) with the unemployment rate rising 0.1 per cent to 6.5 per cent.

10 a.m. ET: U.S. University of Michigan Consumer Sentiment Index for October (preliminary reading).

With Reuters and The Canadian Press