Futures linked to Canada's main index were largely muted due to inflation concerns due to the Middle East conflict, which have led to a 4% increase in oil prices. The S&P/TSX composite index was down 0.1% and futures tracking Wall Street's main indices also dropped. The conflict has raised concerns about global inflation, with central banks now considering their monetary policy. The U.S. Federal Reserve is set to meet this week and will be monitoring the situation closely.