Global stocks rose as a flurry of new policies from U.S. President Donald Trump combined with robust corporate earnings to bolster investor optimism.

Wall Street futures were in positive territory as Netflix shares surged almost 15 per cent in pre-market trading after the streaming giant added a record number of subscribers last quarter, enabling it to increase prices for most service plans.

TSX futures followed sentiment higher after Canada’s main stock market posted its longest winning streak in five months as tech stocks climbed.

In Canada, investors are getting results from AGF Management Ltd.

On Wall Street, markets are watching earnings from Johnson & Johnson, Procter & Gamble Co., Abbott Laboratories, Halliburton Co., Kinder Morgan Inc. and Progressive Corp.

There was some relief as many investors and foreign capitals had expected tariffs to be among a raft of executive orders Trump signed in his first day in office.

“Trump seems more focused at home and Europe’s got a stay of execution,” said Eddie Kennedy, head of bespoke discretionary fund management at Marlborough.

“I think it makes sense to have a little rally.”

Overseas, the pan-European STOXX 600 was up 0.7 per cent in morning trading. Britain’s FTSE 100 rose 0.41 per cent, Germany’s DAX gained 1.17 per cent and France’s CAC 40 advanced 0.78 per cent.

In Asia, Japan’s Nikkei closed 1.58 per cent higher, while Hong Kong’s Hang Seng slid 1.63 per cent.

Oil prices edged higher as the U.S. dollar weakened, with traders closely watching U.S. inventories, Trump’s proposed tariffs and the potential impact of the national energy emergency he declared on his first day in office.

Brent crude futures rose 0.54 per cent to US$79.72 a barrel. West Texas Intermediate (WTI) crude futures climbed 0.6 per cent to US$76.28.

“Some expectations of falling U.S. crude inventories this week are likely lifting prices somewhat ....” said UBS analyst Giovanni Staunovo. “The market moves are small, as market participants are still awaiting more clarity on Trump’s next steps on tariffs and sanction policies.”

In other commodities, spot gold added 0.6 per cent to trade at US$2,759.83 an ounce after hitting its highest since Nov. 1 earlier in the session. U.S. gold futures gained 0.4 per cent to US$2,771.10.

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

The day range on the loonie was 69.65 US cents to 69.93 US cents in early trading. The Canadian dollar was up about 0.55 per cent against the greenback over the past month.

The U.S. dollar index, which weighs the greenback against a group of currencies, slipped 0.26 per cent to 107.78.

The euro gained 0.24 per cent to US$1.0455. The British pound rose 0.11 per cent to US$1.2368.

In bonds, the yield on the U.S. 10-year note was last down at 4.577 per cent ahead of the North American opening bell.

Johnson & Johnson, fresh off a US$14.6-billion deal to buy neurological drugmaker Intra-Cellular, has reported fourth-quarter sales and profit above Wall Street estimates, driven by strong sales of its cancer treatments.

Economic news

(8:30 a.m. ET) Canada’s industrial product and raw materials price indexes for December. Estimates are month-over-month increases of 0.7 per cent and 0.5 per cent, respectively.

(10 a.m. ET) U.S. leading indicator for December.

(10:15 a.m. ET) ECB President Christine Lagarde participates in a panel on “Unlocking Europe’s Potential” in Davos.

With Reuters and The Canadian Press