Key Events

There are some key events to watch this week:

U.S. Federal Reserve Beige Book is due Wednesday.

OPEC+ meeting on output Thursday.

U.S. factory orders, initial jobless claims and durable goods orders are due Thursday.

The February U.S. employment report on Friday will provide an update on the speed and direction of the nation’s labor market recovery.

These are some of the main moves in markets:

Stocks

The S&P 500 Index surged 2.4% as of 4 p.m. New York time.

The Stoxx Europe 600 Index climbed 1.8%.

The MSCI Asia Pacific Index advanced 1.8%.

The MSCI Emerging Market Index rose 1.7%.

Currencies

The Bloomberg Dollar Spot Index dipped 0.1%.

The euro declined 0.2% to $1.2046.

The Japanese yen depreciated 0.2% to 106.78 per dollar.

Bonds

The yield on 10-year Treasuries rose two basis points to 1.43%.

Germany’s 10-year yield sank seven basis points to -0.33%.

Britain’s 10-year yield declined six basis points to 0.759%.

Commodities

West Texas Intermediate crude declined 1.8% to $60.40 a barrel.

Gold fell 0.6% to $1,723.42 an ounce.

Silver dropped 0.6% to $26.51 per ounce.