1. Dollar falls

The U.S. dollar is losing ground against major currencies in the wake of President Donald Trump's inauguration. U.S. stock futures are also declining.

Global stock markets are all taking a step back on Monday.

Investors are putting their money into safe haven sovereign bonds, causing yields to fall across the board.

Markets had been rallying since Trump's election in November. All the main U.S. indexes hit all-time highs earlier this year.

2. Gold rallies to a 2-month peak

Gold prices rallied to the strongest level in around two months on Monday, as the U.S. dollar tumbled amid uncertainty around the economic policies of new U.S. President Donald Trump.

Prices of the yellow metal touched a session high of $1,219.40 a troy ounce, a level not seen since November 22. It was last at $1,214.50, up almost $10.00, or 0.8%.

3. Earnings continue to flow

McDonald's (MCD) and Halliburton (HAL) are the two key firms reporting quarterly results on Monday before the opening bell.

Yahoo (YHOO, Tech30) will report earnings after the close.

Coming later this week:

Tuesday - Samsung earnings.

Wednesday - Boeing and AT&T earnings.

Thursday – Microsoft, Alphabet, Ford, and Starbucks earnings.

Friday - First reading of fourth-quarter U.S. GDP.

4. Oil starts the week lower

Oil prices declined during European morning hours on Monday, as prospects of rising U.S. production weighed on the market.

U.S. crude was down 75 cents, or about 1.4%, to $52.48, while Brent lost 65 cents, or nearly 1.2%, to $54.84 a barrel.

Oilfield services provider Baker Hughes said Friday that the number of rigs drilling for oil in the U.S. last week jumped by 29 to 551, the largest weekly increase since a recovery in the rig count began in June and the highest level in around 14 months.

The data raised concerns that the ongoing rebound in U.S. shale production could derail efforts by other major producers to rebalance global oil supply and demand.