Stocks rose on the first Monday renewed hope for another solution to the crisis of sovereign debt in Europe.
Following the huge benefits to Europe’s most important stock exchanges, the Dow was recently up-more than 300 points while the S & P 500 rose by 3.2%. The euro rallied sharply against the dollar, putting upward pressure on raw materials such as gold and oil and other so-called risk assets, while Treasury prices fell.
In addition to a good start to the U.S. holiday shopping season, several factors have contributed to the initial euphoria, including:

Voices, which has since denied a bailout from the IMF for Italy.
New guidelines to be discussed at a meeting of finance ministers later this week, allowing the Fund to ensure financial stability by up to 30% of the struggling nations of debt offerings.
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