The Market On Monday

Rainy weekend messed with the plans for some hiking and outdoorsy activity around here. Still it was a restful period.

At 7:55 a.m. futures are significantly higher, oil is significantly higher per barrel, the dollar is down against the pound and euro and up against the yen.

A betting person might place their dollar on the market opening higher.

As you know the market has been volatile in recent weeks. There seems to be some easing in the worry about the European financial crisis at least at this time. One suspects that the problem will re-arise.

Right now the coast looks pretty clear, but you never know for sure.

CNN: Stocks primed for a pop

U.S. light crude oil for July delivery rose $1.56 to $75.35 a barrel.

Reuters: Stock futures up as global equities extend rally

European shares hit a four-week high early on Monday, rising for a fourth consecutive session as investors' concerns over Europe's debt crisis ease after Greece's Prime Minister George Papandreou told a meeting of top bankers he would not back down in the face of the country's debt crisis but would do what was needed to get Greece back onto a growth track.