Key Events

Here are some events this week:

Bank of Indonesia rate decision Tuesday, Reserve Bank of New Zealand policy decision Wednesday, Bank of Korea rate decision Thursday.

CEOs of the largest U.S. banks, including JPMorgan and Goldman Sachs, will testify before lawmakers in the Senate Banking and House Financial Services committees Wednesday.

U.S. initial jobless claims, GDP, durable goods, pending home sales on Thursday.

These are some of the main moves in markets:

Stocks

The S&P 500 rose 1% as of 4 p.m. New York time

The Nasdaq 100 rose 1.7%

The Dow Jones Industrial Average rose 0.5%

The MSCI World index rose 0.7%

Currencies

The Bloomberg Dollar Spot Index fell 0.2%

The euro rose 0.3% to $1.2216

The British pound was little changed at $1.4158

The Japanese yen rose 0.2% to 108.77 per dollar

Bonds

The yield on 10-year Treasuries declined one basis point to 1.61%

Germany’s 10-year yield declined one basis point to -0.14%

Britain’s 10-year yield declined two basis points to 0.81%

Commodities

West Texas Intermediate crude rose 3.7% to $66 a barrel

Gold futures rose 0.4% to $1,886 an ounce