Stocks set to open higher ahead of earnings season

U.S. stock markets are poised to open higher ahead of the start to the third quarter earnings season. Investors are also continuing to digest last week's worse-than-expected jobs report, which heightened fears of unemployment topping 10 percent before the end of the year.

Stocks in Europe were little changed while Asian markets mostly fell. The Dow Jones industrial average, S&P 500 and Nasdaq Composite Index all were indicated higher in pre-market trading. Oil prices continue to hover around $70 a barrel as investors await clues from earnings season as to the direction of the market. Traders dumped the dollar after the Group of Seven finance ministers omitted any mention of the currency's weakness in their final communique, according to Bloomberg News.