U.S. markets rose early Monday, following an upswing in Asia and Europe, as France joined a growing list of countries proposing to cut government spending.
The French austerity package would cut spending and raise revenue for a combined savings of $55 billion, which gives greater credence to Europe in
its efforts to shore up the euro.
The euro rose to $1.2278 from Friday's $1.2094. Against the yen, the dollar rose to 91.805 yen from Friday's 91.68 yen.
In late morning trading, the Dow Jones industrial average gained 97.49 points or 0.95 percent to 10,308.56. The Standard & Poor's 500 index gained
11.66 or 1.07 percent to 1,103.26. The Nasdaq composite index added 30.99 or 1.38 percent to 2,274.59.
The benchmark 10-year Treasury note fell 16/32, to yield 3.32 percent.
In Japan, the Nikkei 225 index rose 1.8 percent, 174.60, to 9,879.85.