The U.S. stock market rose amid news that Iran wants a ceasefire with Israel. Tel Aviv, however indicated it was not interested in one.

US President Donald Trump has rejected his French counterpart’s claims that he is leaving the G7 Summit in Canada early to work on a ceasefire between Israel and Iran.

Stock indexes closed higher after last week's losses and a barrel of oil got $1 cheaper on Monday as investors took heart from reports that Iran was seeking to end hostilities with Israel, and stayed confident in their predictions for a busy week of central bank meetings.

U.N. member nations have voted overwhelmingly to demand an immediate ceasefire in Gaza, the release of all hostages held by Hamas, and unrestricted access for the delivery of desperately needed food.

US stocks closed higher as Iran aims to deescalate the clash with Israel. Oil prices eased. Fed meets on rates this week. No one expects a rate cut.

G7 allies are expected to slap further sanctions on Russia as Vladimir Putin continues to resist calls for an unconditional ceasefire in Ukraine, Downing Street has said. Sir Keir Starmer said the Kremlin “doesn’t hold all the cards” as he announced plans to coordinate a new package of measures designed to squeeze Moscow’s war machine.