Global markets are on the rise amidst cautious trading due to ongoing tensions between Israel and Iran, adding to the world's economic uncertainties during a week filled with central bank meetings.

Wall Street futures are showing positive signs with a focus on the upcoming Federal Reserve meeting. TSX futures are also up as world leaders gather in Alberta for the G7 summit.

Canada and Britain have agreed to resume trade negotiations to strengthen their industries and diversify markets in the face of U.S. protectionism, as reported by The Globe's Mark Rendell.

Ben Laidler, head of equity strategy at Bradesco BBI, highlights the Middle East conflict as a major concern for the market, making this a busy and frenetic week for investors.

In Europe, the STOXX 600, FTSE 100, DAX, and CAC 40 are all showing gains. In Asia, Nikkei and Hang Seng are also up.

Oil prices have dipped slightly after a surge on Friday, with Brent and WTI futures down due to ongoing military strikes between Israel and Iran.

Spot gold prices have decreased after reaching a high earlier in the session. U.S. gold futures are also down.

The Canadian dollar has strengthened against the U.S. dollar, while the U.S. dollar index and other currencies show slight fluctuations.

U.S. 10-year note yields are up, and economic news includes Canadian housing starts, existing home sales, and the G7 Summit in Kananaskis, Alta.