Eyes are on the world's major central banks as investors have been reassured that the outcome of Sunday's elections in Greece - which will become clearer within the next few hours - won't be allowed to send financial markets into a tailspin.
In the US, the Federal Reserve's policy statement on Wednesday at the end of its two-day meeting is expected to detail a fresh effort to pump up the pace of recovery.
First though, G20 leaders meet in Mexico on Monday with a focus on the impact of the European Union's lingering fiscal crisis on global growth. Later in the week, euro zone finance ministers will gather ahead of Friday's meeting of German, French, Italian and Spanish leaders in Rome.
Investors also are on alert for more news from the key credit rating agencies as a slew of sovereign debt downgrades and warnings swept across both sides of the Atlantic last week, with cuts for Spain and France as well as a warning for the US.
In the past five days, the Dow Jones industrial Average advanced 1.7 per cent while the Standard & Poor's 500 Index rose 1.3 per cent, as the latest US economic data indicating drops in retail sales, industrial production and consumer confidence spurred hopes the Fed will step in to prop up growth.