Investors seem relieved the contentious Crimean referendum is over, though geopolitical tensions remain high as Western nations prepare sanctions to punish Russia for meddling in Ukraine.
Initial results show Crimeans who voted in a Sunday referendum overwhelmingly supported the idea of breaking from Ukraine to join Russia. The results were expected -- and the West maintained the referendum was illegal. Moscow strongly backed the vote.
"The referendum outcome was widely expected and so did not yield a sustained response from investors," explained Ilya Spivak, a currency analyst at DailyFX. "Monitoring follow-on theatrics will be important in gauging further market moving potential."
Russian markets, which have been slammed so far this year by the rising tensions with the West over Ukraine, also showed signs of stabilizing.
There's little U.S. economic or corporate news set for Monday.
But Yahoo ( shares jumped in premarket trading. Yahoo has a stake in Chinese Internet giant Alibaba, which said this weekend that it )plans to go public in the U.S.
Shares in Target ( slid slightly in extended trading Friday after the )company warned that its ongoing investigation regarding last year's data breach could turn up "additional information that was accessed or stolen."
The main European markets were all rising in morning trading.
The Chinese currency was in focus Monday after China's central bank said over the weekend it would further loosen its hold over yuan trading. The move marks another step in the government's push to open up its economy and markets.