Global markets rise on softer Iran sanctions; Canadian banks beat estimates

Global markets climbed Tuesday as investors welcomed a softer-than-expected U.S. sanctions package against Iran, with attention turning to Nvidia's earnings due Wednesday. Wall Street futures rose after North American markets closed mixed yesterday. Canadian bank earnings drove early trading, with BMO reporting lower third-quarter profit but beating estimates, while Scotiabank posted higher profit that also exceeded expectations. Both lenders kept dividends unchanged. Oil prices fell over 2.8 per cent as traders downplayed sanctions' supply risks. European stocks rose, led by Germany's DAX up 0.78 per cent, while Japan's Nikkei gained 0.5 per cent. The Canadian dollar weakened to 72.10 US cents. U.S. economic data due includes ADP employment, home prices, and consumer confidence.