Key Events

Some key events to watch this week:

Powell will appear at a Senate Banking Committee hearing alongside Treasury Secretary Janet Yellen on Tuesday. They’re set to speak again on the following day at the House Financial Services Committee.

China PMIs, Tuesday

Euro zone CPI, Tuesday

U.S. Conference Board consumer confidence, Tuesday

China Caixin manufacturing PMI, Wednesday

Euro zone manufacturing PMI, Wednesday

U.S. construction spending, ISM Manufacturing, Fed’s Beige Book on Wednesday

OPEC, allies may re-evaluate plans for reviving oil supplies, Thursday

U.S. initial jobless claims, Thursday

U.S. jobs report, factory orders, durable goods on Friday

Some of the main moves in markets:

Stocks

The S&P 500 rose 1.3% as of 4 p.m. New York time

The Nasdaq 100 rose 2.3%

The Dow Jones Industrial Average rose 0.7%

The MSCI World index rose 0.7%

Currencies

The Bloomberg Dollar Spot Index was little changed

The euro fell 0.3% to $1.1280

The British pound fell 0.2% to $1.3304

The Japanese yen fell 0.3% to 113.67 per dollar

Bonds

The yield on 10-year Treasuries advanced four basis points to 1.51%

Germany’s 10-year yield advanced two basis points to -0.32%

Britain’s 10-year yield advanced four basis points to 0.86%

Commodities

West Texas Intermediate crude rose 2.2% to $69.68 a barrel

Gold futures fell 0.2% to $1,784.70 an ounce