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Monday Morning Market Roundup: How's This Week Shaping up?

Here’s what’s shaking:

Stocks:

Getty Images.

Investors seeking bargains helped push world stocks higher on Tuesday, particularly in Japan, where trading has been hugely volatile since last week amid concerns over the success of the country's stimulus program.

The Nikkei has been dictating market sentiment since Thursday, when it plummeted more than 7 percent after interest rates on the country's benchmark 10-year bond spiked to above 1 percent for the first time in a year. The swing in Japanese bonds unnerved investors at a time when Japan's already overburdened government finances are vulnerable to rises in interest rates.

The Nikkei 225 index rose 1.2 percent to close at 14,311.98 as the yen slipped against the dollar; the benchmark fell 3 percent on Tuesday. Overall, however, the index has soared 37 percent this year, a show of investor support for Prime Minister Shinzo Abe and his aggressive policies aimed at reversing years of economic malaise and deflation.

The recovery helped European stocks rise, with Britain's FTSE 100, which was closed for a public holiday Monday, jumping 1.6 percent to 6,763.55. Germany's DAX advanced 1.1 percent to 8,474.39, while France's CAC-40 rose 1.5 percent to 4,055.88.

Wall Street looked set for gains following a three-day holiday weekend. Dow Jones industrial futures were up 0.7 percent to 15,409. S&P 500 futures were likewise 0.7 percent higher, at 1,662.50.

Oil:

Getty Images.

The price of oil rose to above $95 a barrel Tuesday, supported by gains on global stock markets as traders awaited U.S. economic indicators following a long holiday weekend.

By early afternoon in Europe, benchmark oil for July delivery was up 90 cents to $95.05 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 10 cents on Friday. Monday was a public holiday in the U.S. and Britain.

Tuesday's rise was set to break a four-day streak of losses for oil prices on the Nymex.

Brent crude, a benchmark for many international oil varieties, was up $1.47 to $104.11 a barrel on the ICE Futures exchange in London.

Markets:

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Follow Becket Adams (@BecketAdams) on Twitter

The Associated Press contributed to this report.

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