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The Dow closed last Thursday at an 18-month high, and with equity investors now able to react to Friday’s nonfarm payrolls report, the market should open sharply higher this morning. One hour before the opening bell, Dow futures are up 41 points to 10,901 and S&P 500 futures are up 4.50 points to 1,178.25. Also, NYMEX crude oil futures are 60 cents higher to $85.47 per barrel and Gold is up $2.00 to $1,128. The week ahead is relatively slow for data but there are plenty of events that might offer the markets new insight. Monday is an exception with the ISM Non-Manufacturing Index and the Pending Home Sales Index each hitting the headlines this morning....

Global equities are mostly higher Monday including gains of more than 2% in Japan and Hong Kong. In Europe, where George Provopoulos, governor of the Bank of Greece, recently said he had “full confidence” in dealing with the deficit, stocks are more mixed but on the whole still positive. In the the US, equities are looking to a positive open....