Key Events

Key events this week:

US existing home sales, Wednesday

EIA crude oil inventory report, Wednesday

Federal Reserve decision, followed by a news conference with Chair Jerome Powell, Wednesday

Bank of Japan monetary policy decision, Thursday

The Bank of England interest rate decision, Thursday

US Conference Board leading index, initial jobless claims, Thursday

Some of the main moves in markets:

Stocks

The S&P 500 fell 1.5% as of 1:45 p.m. New York time

The Nasdaq 100 fell 1.2%

The Dow Jones Industrial Average fell 1.5%

The MSCI World index fell 1.1%

Currencies

The Bloomberg Dollar Spot Index rose 0.5%

The euro fell 0.6% to $0.9963

The British pound fell 0.6% to $1.1363

The Japanese yen fell 0.3% to 143.63 per dollar

Bonds

The yield on 10-year Treasuries advanced five basis points to 3.54%

Germany’s 10-year yield advanced 12 basis points to 1.93%

Britain’s 10-year yield advanced 15 basis points to 3.29%

Commodities

West Texas Intermediate crude fell 1.2% to $84.70 a barrel

Gold futures fell 0.3% to $1,673 an ounce.