What to watch this week:
Fed Chair Jerome Powell semi-annual Senate testimony, Wednesday
Powell US House testimony, Thursday
US initial jobless claims, Thursday
PMIs for euro zone, France, Germany, UK, Australia, Thursday
ECB economic bulletin, Thursday
US University of Michigan consumer sentiment, Friday
RBA’s Lowe speaks on panel, Friday
Some of the main moves in markets:
Stocks
The S&P 500 rose 0.2% as of 11:06 a.m. New York time
The Nasdaq 100 rose 0.7%
The Dow Jones Industrial Average was little changed
The Stoxx Europe 600 fell 0.5%
The MSCI World index rose 1.9%
Currencies
The Bloomberg Dollar Spot Index fell 0.3%
The euro rose 0.5% to $1.0590
The British pound rose 0.2% to $1.2304
The Japanese yen rose 0.5% to 135.84 per dollar
Bonds
The yield on 10-year Treasuries declined 14 basis points to 3.14%
Germany’s 10-year yield declined 14 basis points to 1.63%
Britain’s 10-year yield declined 19 basis points to 2.46%
Commodities
West Texas Intermediate crude fell 4.5% to $104.62 a barrel
Gold futures rose 0.1% to $1,841.50 an ounce
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