What to watch this week

On Tuesday, the state of Georgia holds a run-off election for two U.S. Senate seats that will decide control of the chamber.

U.S. Congress meets to count electoral votes and declare the winner of the 2020 Presidential election Wednesday.

FOMC minutes out Wednesday.

U.S. unemployment report for December is due Friday.

These are some of the main moves in markets:

Stocks

The S&P 500 decreased 1.5% at 4 p.m. New York time.

The Stoxx Europe 600 Index climbed 0.7%.

The MSCI Asia Pacific Index advanced 0.6%.

Currencies

The Bloomberg Dollar Spot Index was little changed.

The euro increased 0.3% to $1.2248.

The Japanese yen was little changed at 103.15 per dollar.

Bonds

The yield on 10-year Treasuries rose less than one basis point to 0.91%.

Germany’s 10-year yield declined four basis points to -0.60%.

Britain’s 10-year yield decreased two basis points to 0.173%.

Commodities

The Bloomberg Commodity Index advanced 0.7%.

West Texas Intermediate crude fell 2.4% to $47.34 a barrel.

Gold climbed 2.3% to $1,942.82 an ounce.