Certain financial-market commentators were -- er, uh -- commentating either early Monday or late Sunday (depending on one's global positioning) about a relief rally in this market or that market allegedly propelled by Greece's parliamentary-election results, which suggest the euro zone will not be falling apart. This week, anyway.
Exchange operator CME Group Inc. is opening a hot new table in the global financial casino, pushed to set up a derivatives exchange in London by clients who can't be bothered to comply with U.S. law.
However, relief-rally sightings are few and far between on Sunday at 11 p.m. EDT.
Equity prices are colored a comparatively deep shade of green in some Asian markets -- Australia, Hong Kong, and Japan among them -- but U.S. stock-index futures are relatively paler in hue, albeit still greenish, with the latest look at the differential between the S&P 500's fair value and level indicating an opening pop of about 0.5 percent.
Of course, the Chicago Board Options Exchange Volatility Index, or VIX, is historically high at its present reading of 21.11, so this could change in a New York (Stock Exchange) minute.
Meanwhile, our droogies at the CME Group's Nymex unit have priced a barrel of light, sweet crude oil via the front-month futures contract in a range from $84.44 to $85.60 during this session, which compares with a previous settlement of $84.03.
Most interesting is the movement in the EUR/USD (euro/U.S. dollar) currency pair on Sunday. At 11 p.m. EDT, the EUR/USD pair was priced at $1.2686, and it has been moving in a range between $1.2675 and $1.2727 during this session. By way of comparison, its previous close was $1.2638.
Relief rally? Eh.