Here are some key events coming

 Here are some key events coming up:

The ECB is expected to hold rates steady on Thursday but indicate that downside risks have intensified, suggesting further easing is possible before year-end.

The U.S. releases initial jobless claims numbers Thursday.

U.S. CPI data is due Friday, with consumer prices expected to have risen in August.

These are the main moves in markets:

Stocks

The S&P 500 increased 2% as of 4 p.m. New York time.

The Nasdaq 100 jumped 3%.

The Stoxx Europe 600 Index climbed 1.6%.

Germany’s DAX Index rose 2.1%.

The MSCI Asia Pacific Index declined 0.8%.

Currencies

The Bloomberg Dollar Spot Index fell 0.4%.

The euro was gained 0.3% to $1.1809.

The Japanese yen weakened 0.1% to 106.18 per dollar.

The British pound rose 0.2% to $1.3008.

Bonds

The yield on 10-year Treasuries climbed two basis points to 0.695%.

The two-year rate was little changed at 0.14%

Germany’s 10-year yield gained three basis points to -0.46%.

Britain’s 10-year yield gained five basis points to 0.237%.

Commodities

West Texas Intermediate crude climbed 3.5% to $38.06 a barrel.

Gold futures rose 0.7% to $1,958 an ounce.