Key events this week:
US industrial production, NAHB housing market index, Tuesday
Fed’s Neel Kashkari speaks, Tuesday
Euro area CPI, Wednesday
EIA crude oil inventory report, Wednesday
US MBA mortgage applications, building permits, housing starts, Fed Beige Book, Wednesday
Fed’s Neel Kashkari, Charles Evans, James Bullard speak, Wednesday
US existing home sales, initial jobless claims, Conference Board leading index, Thursday
Euro area consumer confidence, Friday
Some of the main moves in markets:
Stocks
The S&P 500 Index climbed 2.1% to 3,660.09 as of 11:21 a.m. New York time.
The Dow Jones Industrial Average rose 1.3%.
The Nasdaq Composite Index gained 2.7%.
Currencies
The euro rose 0.9% to $0.9808.
The British pound increased 2% to $1.1397.
The Japanese yen depreciated 0.1% to 148.80 per dollar.
Bonds
The yield on 10-year Treasuries decreased five basis points to 3.97%.
Britain’s 10-year yield sank 36 basis points to 3.978%.
Germany’s 10-year yield decreased seven basis points to 2.28%.
Commodities
West Texas Intermediate crude was little changed at $85.64 a barrel.
Gold strengthened 1% to $1,660.76 an ounce.
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