Key Events

Key events this week:

US GDP, initial jobless claims, US Conf. Board leading index, Thursday

US consumer income, new home sales, US durable goods, PCE deflator, University of Michigan consumer sentiment, Friday

Some of the main moves in markets:

Stocks

The S&P 500 rose 1.6% as of 2:02 p.m. New York time

The Nasdaq 100 rose 1.7%

The Dow Jones Industrial Average rose 1.6%

The MSCI World index rose 0.2%

Currencies

The Bloomberg Dollar Spot Index was little changed

The euro was little changed at $1.0614

The British pound fell 0.8% to $1.2086

The Japanese yen fell 0.3% to 132.18 per dollar

Cryptocurrencies

Bitcoin fell 0.5% to $16,795.77

Ether fell 0.5% to $1,210.13

Bonds

The yield on 10-year Treasuries declined two basis points to 3.66%

Germany’s 10-year yield advanced one basis point to 2.31%

Britain’s 10-year yield declined two basis points to 3.57%

Commodities

West Texas Intermediate crude rose 2.7% to $78.30 a barrel

Gold futures were little changed.