Oct 13 - Futures tied to Canada's main stock index rose on Tuesday as bond yields steadied and precious-metal prices edged higher, helping the domestic market shrug off a global selloff in semiconductor shares.
December futures on the S&P/TSX index were up 1.1% at 5:59 a.m. ET (0959 GMT).
Oil prices fell, on track for their first decline in nearly a week, as traders weighed risks to Saudi supply against higher Russian diesel exports
Brent crude slipped about 2% to $104.78 a barrel, potentially pressuring energy stocks at the open
Canada's benchmark 10-year yield eased to 3.878%, while the US equivalent was little changed at 5.244%
Gold and silver prices edged higher as oil retreated, while investors awaited this week's US consumer inflation data for clues on the Federal Reserve's rate outlook
Global equities came under pressure after reports of rapid advances by Chinese memory-chip maker CXMT sparked worries that China is closing the technology gap
Investors have also been grappling with inflation concerns tied to higher energy prices and rising government debt, factors that could keep borrowing costs elevated
Markets are pricing in at least one additional 25-basis-point Fed rate hike before year-end, according to LSEG data
In Canada, the TSX posted its biggest gain in five weeks on Friday after soft jobs data reduced expectations for another Bank of Canada rate increase, with markets now seeing just a 28% chance of a hike at this month's meeting
Attention is shifting to corporate earnings, with major US banks kicking off the reporting season on Tuesday
In company news, Czech arms maker CSG (CSG.AS), said it acquired a 9.5% stake in MDA Space (MDA.TO), making it the Canadian satellite and space technology company's largest shareholder
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Reporting by Anand Gopal in Bengaluru; Editing by Shreya Biswas
