Key Movers

What to watch this week:

U.S. President Joe Biden will likely make his choice this week on whether to renominate Fed Chair Jerome Powell to a second term

Reserve Bank of Australia rate decision Tuesday

China trade data will provide clues on its economic recovery, Tuesday

El Salvador’s Bitcoin law takes effect, making the virtual currency legal tender, Tuesday

Dallas Fed President Robert Kaplan holds a virtual town hall discussion Wednesday

ECB President Christine Lagarde holds a press conference after the bank’s rate decision Thursday

China PPI, CPI, new yuan loans, money supply, aggregate financing, Thursday

Some of the main moves in markets:

Stocks

The Stoxx Europe 600 rose 0.7%

Futures on the Nasdaq 100 rose 0.3% as of 4:20 p.m. New York time

Futures on the Dow Jones Industrial Average rose 0.2%

The MSCI Asia Pacific Index rose 0.8%

The MSCI Emerging Markets Index rose 0.6%

Currencies

The Bloomberg Dollar Spot Index rose 0.1%

The euro fell 0.1% to $1.187

The Japanese yen fell 0.1% to 109.85 per dollar

The offshore yuan fell 0.2% to 6.451 per dollar

The British pound fell 0.3% to $1.3836

Bonds

Germany’s 10-year yield was little changed at -0.37%

Britain’s 10-year yield declined two basis points to 0.69%

Commodities

Brent crude fell 0.5% to $72.22 a barrel

Spot gold lost 0.2% to $1,823.33 an ounce