Key Events

Here are some key events to watch this week:

UK CPI, Wednesday

US PPI, Wednesday

US business inventories, empire manufacturing, retail sales, initial jobless claims, industrial production, Thursday

China home sales, retail sales, industrial production, fixed assets, surveyed jobless rate, Friday

Euro area CPI, Friday

US University of Michigan consumer sentiment, Friday

Some of the main moves in markets:

Stocks

The S&P 500 fell 3% as of 1:03 p.m. New York time

The Nasdaq 100 fell 4.1%

The Dow Jones Industrial Average fell 2.7%

The MSCI World index fell 2.5%

Currencies

The Bloomberg Dollar Spot Index rose 1%

The euro fell 1.2% to $1.0002

The British pound fell 1.3% to $1.1527

The Japanese yen fell 1% to 144.27 per dollar

Bonds

The yield on 10-year Treasuries advanced seven basis points to 3.42%

Germany’s 10-year yield advanced eight basis points to 1.73%

Britain’s 10-year yield advanced nine basis points to 3.17%

Commodities

West Texas Intermediate crude fell 2.1% to $85.96 a barrel

Gold futures fell 1.5% to $1,714.90 an ounce.