Volatility fuel for traders:
"Focus is on Fed Chairman Jerome Powell’s testimony on U.S. monetary policy to Senate and House committees on Tuesday and Wednesday. Then comes the February U.S. employment situation report from the Labor Department on Friday morning. The key non-farm payrolls component of the report is expected to show a rise of 225,000 jobs, following a mammoth rise of 517,000 in the January report.
In overnight news,
China set a 5% target for its economic growth in 2023, which is the lowest forecast in over 25 years. That set a very slightly negative tone for the stock, financial and commodity markets to start the trading week."