The Market On Monday

Good morning. It is 69 degrees and sunny here in Upstate NY. The weather logo shows a rain storm for today and we could really use it. Everybody's grass is starting to turn brown around the edges as we enter into a dry spell. We need water. I hope you had a good pleasant weekend. My weekend was a non stop social event, so it was very enjoyable. I tend to steer clear of the news on the weekend and now it's time to catch up.

At 8:25 a.m. futures are slightly higher, the dollar is up against major world currencies, and the price of oil is down per barrel. The market is set to open in the flat to lower area.

As we know Wednesday is the Fourth and so markets will be closed on the holiday. Generally investors tend to make it a lengthier break and so one expects to see lighter trading this week along with a little more volatility. That's what happens with a holiday.

We are still on euro-watch as new data shows an uptick in eurozone unemployment. It's all about the eurozone snapping out of a deep miserable economic pit. That pit effects the world economy and this malaise will drag on for some time to come. It's a world economic recovery and without question it could be significantly worse. The U.S. is still more economically resilient than most other countries.

CNN: Stocks poised for flat open

Eurostat released a report showing a new eurozone unemployment rate record (high) of 11.1% for May...


Last Friday, EU leaders announced a "breakthrough" deal out of their two-day summit...


Investors are keeping a close eye on Chinese manufacturing, given concerns about the country's slowing growth.