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