US markets were closed last night due to the Memorial Day holiday.

In Europe, the FTSE eked out a five point gain to settle at 5356, whilst the CAC (-0.2%) and DAX (-0.3%) lost ground.

The Aussie remained under the 99 handle and is currently buying US$0.9840.

The euro rose against the greenback from the weakest level since July 2010 as polls showed Greece's pro- bailout parties gaining ground, easing concern the nation will exit the currency bloc.

Oil advanced for a third day in New York on signs that voters in Greece may back austerity measures needed for a European Union bailout, boosting confidence that the bloc's debt crisis can be contained.

Crude for July delivery rose 28 cents, or 0.3%, to $91.14 a barrel in electronic trading.

Elsewhere, copper added 0.6% whilst bullion put on 0.3% to settle at US$1576 an ounce.

Today's session will bring us data in the form of new home sales (tentative).

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Morning Market Analysis: Quiet Day Ahead is a post from: Australian Stock Report Market Pulse Blog