Here are some events to watch this week:
U.S. Markit manufacturing PMI and existing home sales Monday
Bank of Korea policy decision; briefing by Governor Lee Ju-yeol Thursday
Fed officials attend the Jackson Hole Economic Policy Symposium from Thursday through Saturday
U.S. GDP, initial jobless claims Thursday
July U.S. personal income and spending data Friday. Investors will scrutinize the personal consumption expenditures price index, an inflation measure closely watched by the Fed.
Some of the main moves in markets:
Stocks
The S&P 500 rose 0.9% as of 4:01 p.m. New York time
The Nasdaq 100 rose 1.5%
The Dow Jones Industrial Average rose 0.6%
The MSCI World index rose 1.1%
Currencies
The Bloomberg Dollar Spot Index fell 0.5%
The euro rose 0.4% to $1.1748
The British pound rose 0.8% to $1.3731
The Japanese yen rose 0.1% to 109.67 per dollar
Bonds
The yield on 10-year Treasuries was little changed at 1.25%
Germany’s 10-year yield advanced one basis point to -0.48%
Britain’s 10-year yield advanced one basis point to 0.53%
Commodities
West Texas Intermediate crude rose 5.3% to $65.44 a barrel
Gold futures rose 1.3% to $1,807.40 an ounce
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