TSX futures edge lower as liquidity thins ahead of Christmas break

• Currency Weakness: The US Dollar Index is hovering near 12-week lows, making dollar-denominated bullion more attractive to international buyers.

Energy & Commodities Watch

Oil prices remained relatively stable on Wednesday morning. Brent Oil Futures edged up 0.14% to $62.46 per barrel, while Crude Oil WTI Futures gained 0.3% to trade at $58.55.

Supply risks remain the primary catalyst, as the Trump administration intensifies enforcement actions against vessels linked to Venezuelan crude. While Venezuela accounts for a small fraction of global supply, the potential for wider maritime interdiction has re-introduced a significant risk premium into energy markets.

Tech Spotlight: Intel Slumps on Nvidia Snub

In corporate news, Intel Corporation (NASDAQ: INTC) saw its shares tumble 3.3% in premarket trading. The move comes following reporting from Reuters saying that NVIDIA Corporation (NASDAQ: NVDA) has halted testing of Intel’s "18A" advanced manufacturing process.

The 18A node is considered the linchpin of Intel’s turnaround strategy to become a premier foundry for third-party chip designers. While an Intel spokesperson maintained that the technology is "progressing well," the decision by Nvidia, the world’s most valuable chipmaker, to step away from testing dealt a heavy blow to investor sentiment.

Looking Ahead

U.S. markets are also expected to see light activity today, with the S&P 500 and Nasdaq 100 Futures trading near flat after their own record-setting sessions on Tuesday. The New York Stock Exchange will join the TSX in an early 1:00 PM ET close today, and both will remain shuttered on Thursday for Christmas Day.

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