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* Fed Reserve Chair Janet Yellen's semi-annual testimony is the
key highlight of this week for investors looking for cues on
further rate hikes. She will testify on Wednesday and Thursday.
* The Federal Reserve raised its benchmark overnight interest
rate in June for the second time this year.
* Non-farm payrolls increased by 222,000 jobs last month - the
second biggest increase this year - and topped economists'
expectations for a 179,000 gain.
* The dollar climbed to a two-month high against the Japanese
yen on Monday as a robust jobs data propped up U.S. Treasury
yields.
* Wall Street stocks closed on a high note on Friday, with the
S&P 500 posting its best gain in six sessions on the heels of
the payrolls report.
* Investors will be looking at second-quarter earnings reports
on Friday from big U.S. banks including JPMorgan Chase <JPM.N>,
Wells Fargo <WFC.N> and Citigroup <C.N>.
* In a significant victory for the banking industry, the Fed
late last month approved capital plans from the 34 largest U.S.
banks to use extra capital for stock buybacks, dividends and
other purposes.
Futures snapshot at 6:54 a.m. ET (10:54 GMT):
* Dow e-minis <1YMc1> were up 1 points, or 0 percent, with
13,650 contracts changing hands.
* S&P 500 e-minis <ESc1> were up 3.75 points, or 0.15 percent,
with 87,504 contracts traded.
* Nasdaq 100 e-minis <NQc1> were up 21.5 points, or 0.38
percent, on volume of 18,727 contracts.
(Reporting by Sweta Singh in Bengaluru; Editing by Arun Koyyur)
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