Some key events coming up:
Earnings from companies including, ICBC, PetroChina, HP Inc., Royal Bank of Canada, Best Buy and Dollar General.
The U.S. Republican National Convention begins Monday.
The Bank of Korea sets monetary policy and will hold a briefing on Thursday.
Fed Chair Jerome Powell speaks at event on Thursday.
These are the main moves in markets:
Stocks
The S&P 500 Index climbed 1% to 3,431.41 as of 4:00 p.m. New York time, the highest on record with the largest increase in more than a week.
The Dow Jones Industrial Average surged 1.4% to 28,309.08, the highest in six months on the biggest jump in almost three weeks.
The Nasdaq Composite Index climbed 0.6% to 11,379.72, the highest on record.
The Stoxx Europe 600 Index jumped 1.6% to 370.85, the highest in more than a week on the biggest surge in almost two weeks.
Currencies
The Bloomberg Dollar Spot Index increased 0.1% to 1,174.51, the highest in more than a week.
The euro decreased 0.1% to $1.179, the weakest in more than a week.
The Japanese yen weakened 0.2% to 105.97 per dollar.
Bonds
The yield on 10-year Treasuries rose two basis points to 0.65%, the biggest rise in more than a week.
Germany’s 10-year yield increased two basis points to -0.49%, the first advance in more than a week.
Britain’s 10-year yield climbed one basis point to 0.213%.
Commodities
West Texas Intermediate crude increased 0.2% to $42.41 a barrel, the first advance in a week.
Gold depreciated 0.7% to $1,927.26 an ounce,