Key Events

Here are some events to watch this week:

Japan’s ruling party votes to elect leader, Wednesday

Central bank chiefs Andrew Bailey (BOE), Haruhiko Kuroda (BOJ), Christine Lagarde (ECB) and Jerome Powell (Fed) participate in an ECB Forum panel, Wednesday

House Financial Services Committee hearing on the Fed, Treasury’s pandemic response, Thursday

China Caixin manufacturing PMI, non-manufacturing PMI, Thursday

Univ. of Michigan sentiment, ISM manufacturing, U.S. construction spending, spending/personal income, Friday

Some of the main moves in markets:

Stocks

The S&P 500 fell 2% as of 4 p.m. New York time

The Nasdaq 100 fell 2.9%

The Dow Jones Industrial Average fell 1.6%

The MSCI World index fell 1.9%

The Russell 2000 Index fell 2.2%

Currencies

The Bloomberg Dollar Spot Index rose 0.5%

The euro fell 0.1% to $1.1683

The British pound fell 1.2% to $1.3539

The Japanese yen fell 0.5% to 111.51 per dollar

Bonds

The yield on 10-year Treasuries advanced five basis points to 1.54%

Germany’s 10-year yield advanced two basis points to -0.20%

Britain’s 10-year yield advanced four basis points to 0.99%

Commodities

West Texas Intermediate crude fell 0.8% to $74.81 a barrel

Gold futures fell 1.1% to $1,733.20 an ounce