US Stocks stepped up on Monday led by banks after news of more favorable capital requirements and optimism over Greece’s austerity plan. At finish, The Dow Jones industrial average gained 0.9%.

The S&P 500 too rose 0.9% and The Nasdaq Composite surged 1.3%. Major Stock markets in Europe also edged higher however; buying interest remained subdued amid uncertainty whether a bailout for Greece will prevent a wider sovereign debt crisis in Europe. The CAC 40
jumped 0.3%, The FTSE 100 advanced 0.4% while The DAX 30 lost 0.2%.

Crude oil price fell modestly in thin trading session on Monday as concerns about Greece’s debt and US demand kept a lid on prices.
Currently, Crude in Nymex is trading around $90.50 a barrel while Brent oil trading near $105 a barrel.
Asian Markets are also trading mixed in the morning. Japan’s Nikkei 225 is higher by 1.1%. The Hang-Seng and Taiwan’s Taipei advanced 0.25% each. However, Singapore’s Strait Times and China’s Shanghai Composite is marginally in the red.