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

-- The US dollar mildly offered, bond and S&P futures steady before Donald Trump's presidential inauguration on Monday. Trump reportedly plans to sign around 100 executive orders, emphasis on border security, energy and tariffs. Atlanta Fed GDP tracker accelerated last week to 2.99%.

-- Week ahead: European Central Bank President Lagarde speaks on Wednesday in Davos. European Union, United Kingdom preliminary PMIs and Band of Japan forecast to hike 25bps on Friday. German ZEW, U.K. employment and Canada consumer price index on Tuesday. New Zealand's CPI on Wednesday. Norway's Norges Bank rate decision on Thursday. Turkey's rate decision on Thursday, SocGen forecasts 250bps rate cut.

-- China keeps one- and five-year loan prime rates unchanged at 3.10% and 3.60%, respectively. Global funds sold $800 million Chinese equities last week following $5.4 billion inflow the previous week.

-- CFTC foreign exchange positioning: Euro shorts trimmed to 10.0% of OI, sterling longs plummet to 0.2%, yen shorts climb to 13.1%. Canadian dollar (CAD or loonie) shorts cut to 47.7%, Australian dollar longs rose to 40.4%. Brazil's real shorts raised to 45.7%. Net shorts for 10-year United States Treasury drop to 12.0%.

-- Nikkei +1.1%, EUR 10-year IRS -1bp at 2.465%, Brent crude -0.3% at $80.6/barrel, Gold +0.1% at $2,706/oz.