World stocks were at all-time highs as nerves around AI disruption continued to fade.

Traders were still digesting Nvidia’s numbers, after the world’s most valuable company delivered first-quarter revenue guidance of a whopping US$78-billion, betting on Big Tech’s unabated spending on its AI processors. But an initially positive U.S. market reaction faded by the end of extended hours there.

Wall Street futures were in the red after markets ended higher on Wednesday. TSX futures followed sentiment lower a day after Canada’s main stock index rose to a record ⁠high.

In Canada, investors are getting results from the last of the Big Banks, with Canadian Imperial Bank of Commerce, Royal Bank of Canada, and Toronto-Dominion Bank reporting earnings. Investors will also see results from Atco Ltd., Canadian Utilities Ltd., Chartwell Retirement Residences, Denison Mines Corp., Gildan Activewear Inc., Quebecor Inc., and Stella-Jones Inc.

On Wall Street, markets are watching earnings from Dell Technologies Inc.

Overseas, the pan-European STOXX 600 rose 0.16 per cent in morning trading. Britain’s FTSE 100 advanced 0.18 per cent, Germany’s DAX gained 0.28 per cent and France’s CAC 40 was up 0.78 per cent.

In Asia, Japan’s Nikkei closed 0.29 per cent higher, while Hong Kong’s Hang Seng ended 1.44 per cent lower.

Oil prices fell as U.S. crude inventories rose by the most in three years and signs of weakness in the physical oil market weighed on prices, while traders assess whether U.S.-Iran talks could avert a supply-threatening military conflict.

Brent futures were trading at US$70.03 per barrel, down 1.16 per cent. WTI futures fell 1.2 per cent to US$64.63 per barrel.

In other commodities, spot gold was up 0.2 per cent at US$5,182.18 per ounce. U.S. gold futures for April delivery were down 0.5 per cent at US$5,198.70.

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

The day range on the loonie was 73.06 US cents to 73.21 US cents in early trading. The Canadian dollar was down about 1.39 per cent against the greenback over the past month.

The U.S. dollar index, which weighs the greenback against a group of currencies, rose 0.07 per cent to 97.69.

The euro fell 0.11 per cent to US$1.1799. The British pound fell 0.23 per cent to US$1.3529.

In bonds, the yield on the U.S. 10-year note was last up at 4.057 per cent.

Japan’s machine tool orders

Euro zone economic and consumer confidence

6 a.m. ET: U.S. Conference Board CEO Confidence Index for Q4.

8:30 a.m. ET: Canada’s current account balance for Q4.

8:30 a.m. ET: Canada’s Survey of Employment, Payrolls and Hours for December.

8:30 a.m. ET: U.S. initial jobless claims for week of Feb. 21.

With Reuters and The Canadian Press