What to watch this week

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 Index rose 0.7% as of 4 p.m. New York time.

The Stoxx Europe 600 Index declined 0.2%.

The MSCI Asia Pacific Index climbed 1.1%.

Currencies

The Bloomberg Dollar Spot Index sank 0.5%.

The euro gained 0.4% to $1.2291.

The Japanese yen appreciated 0.4% to 102.74 per dollar.

Bonds

The yield on 10-year Treasuries rose four basis points to 0.95%.

Germany’s 10-year yield jumped three basis points to -0.58%.

Britain’s 10-year yield climbed four basis points to 0.209%.

Commodities

West Texas Intermediate crude surged 4.9% to $49.93 a barrel.

Gold rose 0.3% to $1,948.17 an ounce.