Key Events

Here are some events to watch this week:

Fed Chair Jerome Powell testifies at a House Subcommittee hearing on the Fed’s pandemic emergency lending and its asset purchase programs Tuesday

Bank of England interest rate decision Thursday

These are some of the main moves in financial markets:

Stocks

The S&P 500 rose 1.4% as of 4 p.m. New York time

The Nasdaq 100 rose 0.6%

The Dow Jones Industrial Average rose 1.8%

The MSCI World index rose 0.7%

Currencies

The Bloomberg Dollar Spot Index fell 0.4%

The euro rose 0.5% to $1.1918

The British pound rose 0.9% to $1.3929

The Japanese yen was little changed at 110.28 per dollar

Bonds

The yield on 10-year Treasuries rose five basis points to 1.49%

Germany’s 10-year yield advanced three basis points to -0.17%

Britain’s 10-year yield advanced two basis points to 0.77%

Commodities

West Texas Intermediate crude rose 2.7% to $73.54 a barrel

Gold futures rose 0.8% to $1,783.10 an ounce