Key Events

These are some key events this week:

Fed Chair Jerome Powell will likely reaffirm his no-tightening policy stance at the Fed policy meeting Wednesday.

Bank of England rate decision Thursday. BOE is expected to leave monetary policy unchanged.

Bank of Japan monetary policy decision and Governor Haruhiko Kuroda briefing Friday.

These are the main moves in markets:

Stocks

The S&P 500 Index increased 0.6% to 3,968.77 as of 4:01 p.m. New York time, hitting the highest on record with its fifth consecutive advance.

The Dow Jones Industrial Average climbed 0.5% to 32,952.28, reaching the highest on record with its seventh consecutive advance.

The Nasdaq Composite Index jumped 1% to 13,459.71, the highest in two weeks.

The Stoxx Europe 600 Index was unchanged at 423.08.

The MSCI All-Country World Index advanced 0.4% to 677.32, the highest in more than three weeks.

Currencies

The Bloomberg Dollar Spot Index gained 0.1% to 1,139.79.

The euro dipped 0.2% to $1.1932.

The British pound decreased 0.2% to $1.3902.

The Japanese yen depreciated 0.1% to 109.10 per dollar, the weakest in more than nine months.

Bonds

The yield on 10-year Treasuries declined two basis points to 1.60%.

The yield on 30-year Treasuries decreased three basis points to 2.35%.

Britain’s 10-year yield fell two basis points to 0.798%.

Germany’s 10-year yield fell three basis points to -0.33%, the lowest in almost two weeks on the largest fall in two weeks.

Commodities

West Texas Intermediate crude declined 0.2% to $65.45 a barrel.

Gold strengthened 0.3% to $1,7