WORLD HEADLINES – Global markets rallied on Monday and the U.S. dollar strengthened as the latest U.S. jobs data gave investors greater confidence in the strength of the economy. Focus was already turning to Federal Reserve chief Janet Yellen’s semi-annual testimony on monetary policy for the latest policy signal from the world’s major central bank.

STOCKS – U.S. stock futures firmed, suggesting Wall Street shares could extend gains made after the U.S. jobs data.

BONDS – The 10-year U.S. Treasury yield was steady near a two-month high of 2.398 percent hit on Friday. In Europe, Germany’s benchmark 10-year Bund yield was flat at 0.56 percent but within sight of 18-month highs.

COMMODITIES – Gold futures traded lower adding to losses after Friday’s sell-off.

CURRENCIES – The U.S. dollar traded higher across the board, the velocity leaders to the downside was led by the Canadian dollar, Euro and British pound.

ECONOMIC DATA – AUD NAB Business Confidence due at 21:30 ET.