Key Events

Here are some key events to watch this week:

A range of Fed speakers are due this week, including Governor Lael Brainard on Tuesday, among others

Chinese inflation data are due Tuesday

OPEC monthly Oil Market Report is published with global demand forecasts and production estimates Tuesday

U.S. CPI report Wednesday is forecast to show prices continued to increase in April

Bank of England Governor Andrew Bailey speaks Wednesday

These are some of the main moves in markets:

Stocks

The S&P 500 fell 1%, more than any closing loss since March 18 as of 4:01 p.m. New York time

The Nasdaq 100 fell 2.6%, more than any closing loss since March 18

The Dow Jones Industrial Average fell 0.1%, more than any closing loss since April 30

The MSCI World index fell 0.6%, more than any closing loss since May 4

Currencies

The Bloomberg Dollar Spot Index fell 0%, falling for the fourth straight day, the longest losing streak since April 19

The euro fell 0.2% to $1.2142

The British pound surged 1.1%, more than any closing gain since April 19

The Japanese yen fell 0.1% to 108.76 per dollar

Bonds

The yield on 10-year Treasuries advanced two basis points, more than any closing gain since April 29

Germany’s 10-year yield advanced zero basis points, climbing for the fourth straight day, the longest winning streak since April 29

Britain’s 10-year yield advanced one basis point to 0.79%

Commodities

West Texas Intermediate crude fell 0.1% to $65 a barrel

Gold futures rose 0.4%, climbing for the fourth straight day, the longest winning streak since Feb. 10