Some key events coming up:

Earnings include Tencent, Cisco Systems, Swiss Life, Tui AG.

China releases a slew of data for July on Friday, including industrial production and retail sales.

These are the main moves in markets:

Stocks

The S&P 500 Index jumped 1.4% to 3,380.35 as of 4:01 p.m. New York time, the highest in about six months on the largest surge in more than five weeks.

The Dow Jones Industrial Average climbed 1% to 27,976.69, the highest in almost six months.

The Nasdaq Composite Index climbed 2.1% to 11,012.24, the largest increase in more than three weeks.

The MSCI All-Country World Index jumped 1.2% to 570.82, the highest in almost six months on the biggest surge in more than five weeks.

Currencies

The Bloomberg Dollar Spot Index fell 0.2% to 1,179.14, the largest fall in a week.

The euro gained 0.4% to $1.1788, the biggest advance in a week.

The Japanese yen depreciated 0.4% to 106.89 per dollar, the weakest in three weeks.

Bonds

The yield on 10-year Treasuries climbed two basis points to 0.66%, the highest in more than five weeks.

Germany’s 10-year yield increased three basis points to -0.45%, the highest in four weeks.

Britain’s 10-year yield gained four basis points to 0.237%, the highest in almost eight weeks.

Commodities

West Texas Intermediate crude increased 2.3% to $42.56 a barrel, the highest in about five months on the largest climb in more than three weeks.

Gold was little changed at $1,911.27 an ounce, the weakest in almost three weeks.

Copper increased 0.2% to $2.88 a pound.