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Investing.com -- Last week's strong jobs report raised the possibility that the Federal Reserve might delay cutting interest rates, and investors are expected to focus on impending earnings and economic data. In China, interest rate data is released, oil prices become more volatile, and the Australian Federal Reserve holds a meeting. Here's what you need to know to start the week.

Earnings Season Continues
Earnings season continues to open and results released this week will help determine whether the rally that has pushed the stock market to record highs can continue.
Employment data helped the S&P 500 rise, hitting new highs on Friday as shares of Facebook parent company Meta Platforms (NASDAQ:META) and Amazon (NASDAQ:AMZN) soared. All rose after the performance of large companies.
The three major U.S. stock indexes posted gains for the fourth straight week.
While most of the largest technology companies have already reported earnings, many S&P 500 companies are scheduled to report earnings this week. These include Eli Lilly (NYSE:LLY), Walt Disney (NYSE:DIS), Concor Phillips (NYSE:COP), and PepsiCo (NASDAQ:PEP).
Investors are expected to pay attention to any insights companies provide for 2024, with revenues expected to grow faster than in 2023.

US data
Activity in the U.S. economic calendar centers around January's ISM Services PMI, but economists expect activity to pick up in the services sector early in the year. The Labor Department is scheduled to release its weekly report on initial unemployment benefits on Thursday.
In addition to the weekly initial jobless claims report, remarks from several Fed officials, including Atlanta Federal Reserve Bank President Raphael Bostic, Cleveland Federal Reserve Bank President Loretta Mester, Governor Adriana Kuchler, Republican Bank President Thomas Barkin tomorrow, and Governor Michelle Bowler Bona. You will hear:
Earlier, Federal Reserve Chairman Jerome Powell is scheduled to discuss the economy and inflation risks on CBS' 60 Minutes program Sunday night.

oil price
Oil prices fell about 2% last week, and both indicators fell about 7% for the week on speculation that the Federal Reserve's readjusted expectations of interest rate cuts in the near future could curb peripheral demand. I did.
However, oil price volatility is expected to remain high due to sharp tensions in the Middle East. The United States has struck Iran-backed militants in response to a drone attack in Jordan over the weekend that killed three American soldiers.
The United States and Britain have struck Yemen's Houthis with repeated attacks on the Red Sea crossing routes. This Red Sea transboundary route is important for global energy flows.
Since October 7, the conflict has expanded into the Middle East with repeated attacks on the Red Sea transboundary routes, which play a key role in the flow of energy. Concerns about violent conflict in the Middle East are expected to continue.

Chinese inflation data
China is scheduled to release inflation data, as expected, showing that bearish pressures strengthened in January, with the consumer price index falling -0.5% from -0.3% the previous month.
China, the world's second-largest economy, continues to struggle with weak demand, a slowing real estate sector and still weak investor sentiment.
The Chinese market has already had a difficult start to the year. The blue chip index fell 6%, continuing its record-breaking downward streak by recording a 15-day decline.
The anticipated parade of saints in the Year of the Dragon, one of the 12 luckiest in history, could also provide a boost to the economy.

RBA meeting
The Reserve Bank of Australia is scheduled to hold its first policy meeting of the year on Tuesday, and markets have shifted expectations of an interest rate cut, pushing stocks ahead of inflation, which has slowed compared to last quarter.
Australian consumer price inflation slowed for the first time in two years in the last quarter, raising expectations of an interest rate cut in May or June due to a sharp decline in core inflation.
The Federal Reserve has already raised the 425-point interest rate from May 2022 to 4.35%, the highest in 12 years, and has left open the possibility of further tightening if necessary to meet the annual inflation target of 2-3%. Yes.
All eyes will be on Federal Reserve Governor Michelle Bullock's first press conference since the policy meeting.
-Reuters contributed to this article