Market to bounce on global lead

Yes. The article says Australian stocks were expected to open strongly after hefty gains on world markets, with ASX 200 futures up about 47 points and futures rising roughly 1.1%, pointing to a solid opening for the Australian sharemarket.

US and European stocks surged on signs that European leaders were mounting an all-out effort to tackle the eurozone debt crisis. Strong statements from Germany, France and European Central Bank head Mario Draghi helped lift global sentiment.

The Dow Jones Industrial Average closed up 190.45 points, or 1.48%, at 13,078.38, breaching the 13,000-point closing level for the first time since early May. Crossing a level like 13,000 is a psychological milestone that reflected stronger market momentum in the period covered by the article.

AMP head of investment and strategy Shane Oliver said overseas moves had pushed the ASX 200 futures index about 47 points higher, and that ASX 200 futures rose another 1.1%, which he said pointed to a solid opening for the Australian sharemarket.

The article highlights two key domestic data points due this week: new home sales and building approvals. Market watchers expected home sales to remain soft and predicted a sharp fall in building approvals.

Leaders of Germany and France issued a joint statement promising to do everything they could to stop the 17-country eurozone from breaking up, and ECB head Mario Draghi vowed to do "whatever it takes" to preserve the euro, comments that boosted market expectations of policy support.

The article notes that comments from European leaders and the ECB raised expectations that the ECB or the eurozone rescue fund might step in to buy Spanish government bonds and lower Spain's borrowing costs. However, it also reports that Germany rejected talk of a possible application from Spain for the bailout fund to buy the country's bonds.

Based on the article, everyday investors should watch global market moves that influence the ASX, ASX 200 futures at the open, upcoming Australian data releases (new home sales and building approvals), and any further statements or actions from European leaders and the ECB regarding the eurozone debt crisis and the potential purchase of Spanish bonds.