Key Events

Key events this week:

China retail sales, industrial production, medium-term lending, surveyed jobless rate, Wednesday

Eurozone industrial production, Wednesday

US business inventories, retail sales, PPI, empire manufacturing, Wednesday

Eurozone rate decision, Thursday

US housing starts, initial jobless claims, Thursday

Janet Yellen appears before the Senate Finance Committee, Thursday

US University of Michigan consumer sentiment, industrial production, Conference Board leading index, Friday

Some of the main moves in markets:

Stocks

The S&P 500 rose 1.6% as of 10:17 a.m. New York time

The Nasdaq 100 rose 1.8%

The Dow Jones Industrial Average rose 1.1%

The Stoxx Europe 600 rose 1.5%

The MSCI World index rose 0.9%

Currencies

The Bloomberg Dollar Spot Index was little changed

The euro was little changed at $1.0727

The British pound fell 0.1% to $1.2168

The Japanese yen fell 1% to 134.56 per dollar

Cryptocurrencies

Bitcoin rose 7% to $25,936.05

Ether rose 4.4% to $1,745.32

Bonds

The yield on 10-year Treasuries advanced eight basis points to 3.65%

Germany’s 10-year yield advanced 18 basis points to 2.44%

Britain’s 10-year yield advanced 13 basis points to 3.50%

Commodities

West Texas Intermediate crude fell 1.2% to $73.90 a barrel

Gold futures fell 0.4% to $1,908.80 an ounce.