Societe Generale in its early Monday economic news summary pointed out:

-- US dollar and United States Treasury yields consolidate gains after Friday's stellar jobs report prompts rates repricing. OIS curve discounting four 25bps cuts in the next four FOMC meetings, implied terminal rate recovers to 3.2%, 10-year break evens climb to 2.25%.

-- Week ahead: FOMC minutes on Wednesday, US consumer price index on Thursday, producer price index and Michigan sentiment on Friday. The Reserve Bank of New Zealand forecast to cut 50bps on Wednesday. United Kingdom's August gross domestic prodcut on Friday. The Reserve Bank of India forecast to keep the key rate at 6.50% on Wednesday. Bank of Korea forecast to cut 25bps on Friday. CPI for Norway, Sweden, Brazil, Mexico, Colombia, Hungary, Czech Republic and Romania.

-- European Central Bank's Villeroy: will 'quite probably' cut interest rates at October meeting, balance of risks shifting to inflation undershooting 2% target due to a weak growth and restrictive monetary policy for too long.

-- CFTC FX positioning: Euro net longs cut to 8.2% of OI. Yen longs slashed to 28.9%, sterling longs rose to 36.5%, Australian dollar positions flip to 7.2% longs, Canadian dollar shorts inched up to 32.4% and Swiss franc shorts jumped to 36.8%. Mexico's peso longs doubled to 18.6%.

-- Nikkei +2.1%, EUR 10-year IRS +1.5bps at 2.45%, Brent crude -0.4% at $77.8/barrel, Gold -0.3% at $2,646/oz.