Key events this week:
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 fell 2% as of 11:40 a.m. New York time
The Nasdaq 100 fell 3.2%
The Dow Jones Industrial Average fell 1.6%
The Stoxx Europe 600 fell 1%
The MSCI World index rose 1.2%
Currencies
The Bloomberg Dollar Spot Index rose 0.2%
The euro fell 0.2% to $1.0587
The British pound fell 0.4% to $1.2036
The Japanese yen was little changed at 132.41 per dollar
Cryptocurrencies
Bitcoin fell 0.8% to $16,651.4
Ether fell 1.8% to $1,190.02
Bonds
The yield on 10-year Treasuries was little changed at 3.67%
Germany’s 10-year yield advanced five basis points to 2.37%
Britain’s 10-year yield advanced two basis points to 3.59%
Commodities
West Texas Intermediate crude rose 0.2% to $78.47 a barrel
Gold futures fell 1.1% to $1,804.60 an ounce.