What to watch this week:
U.S. President Joe Biden may make his choice this week on whether to renominate Fed Chair Jerome Powell to a second term
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 S&P 500 fell 0.1%
The Nasdaq 100 fell 0.4%
The Dow Jones Industrial Average fell 0.2%
The MSCI World index fell 0.4%
Currencies
The Bloomberg Dollar Spot Index rose 0.1%
The euro fell 0.2% to $1.1819
The British pound was little changed at $1.3774
The Japanese yen was little changed at 110.27 per dollar
Bonds
The yield on 10-year Treasuries declined four basis points to 1.34%
Germany’s 10-year yield was little changed at -0.32%
Britain’s 10-year yield was little changed at 0.74%
Commodities
West Texas Intermediate crude rose 1.4% to $69.34 a barrel