• The dollar stood tall against rivals on Monday after the latest U.S. payrolls data indicated strong underlying wage growth, strengthening the case for more rate increases in 2017.
• After a first volatile week in 2017, markets will continue to focus on economic news and speeches in order to get further indications of global policy makers.
In the second week of the year, traders and investors will be closely watching on Donald Trump’s press conference on Wednesday. Trump will hold his first post- election conference and traders will attempt to get any details about the economic plans of the new US president that will enter the White House on January 20.
• Additionally, on Thursday, Fed chair Janet Yellen will speak in Washington. After Friday’s weak non farm payrolls and a vague minutes protocol of December meeting, investors will continue to seek any details of US central Bank rate hike predictions.
• Investors will also be watching an appearance by Fed Chair Janet Yellen on Friday and speeches by a handful of other Fed officials during the week.
Monday, January 9 - Boston Fed President Eric Rosengren and Atlanta Fed President Dennis Lockhart are to speak.
Thursday, January 12 - Philadelphia Fed President Patrick Harker, Chicago Fed President Charles Evans, Atlanta Fed's Dennis Lockhart, St. Louis Fed President James Bullard and Dallas Fed President Rob Kaplan are due to speak.
Friday, January 13 - Philadelphia Fed President Patrick Harker is also to speak.
• German exports jumped more than expected in November, posting their steepest monthly rise in four-and-half years and pushing up overall industrial production which drove growth in Europe's biggest economy in the final quarter.
Industrial production rose for the second consecutive month in November, edging up 0.4 percent on the month, the Economy Ministry said. This was slightly weaker than the consensus forecast in a Reuters poll for a rise of 0.6 percent.
• Oil prices fell on Monday as increased exports from Iran undermined efforts by other oil producers to curb a global fuel supply overhang and as U.S. drillers increased activity for a 10th straight week.
Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $56.84 per barrel at 0535 GMT (00.35 a.m. ET), down 26 cents from their last close.
U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were trading at $53.70 per barrel, down 29 cents.
Reference: Reuters, Investing
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