These are some key events to watch this week:
Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen are expected to make their first joint appearance before the U.S. House Financial Services committee to testify on Fed and Treasury pandemic policies Tuesday.
The U.S. Treasury holds auctions of two-, five- and seven-year debt.
EIA crude oil inventory report on Wednesday.
On Friday, February U.S. personal income and spending data arrives.
These are some of the main moves in financial markets:
Stocks
The S&P 500 Index increased 0.7% as of 4 p.m. New York time.
The Stoxx Europe 600 Index rose 0.2%.
The MSCI Asia Pacific Index fell 0.3%.
The MSCI Emerging Market Index was little changed.
Currencies
The Bloomberg Dollar Spot Index slipped 0.1%.
The euro strengthened 0.3% to $1.1937.
The British pound fell 0.1% to $1.3863.
The Japanese yen strengthened 0.1% to 108.79 per dollar.
Bonds
The yield on 10-year Treasuries fell four basis points to 1.68%.
Germany’s 10-year yield declined two basis points to -0.31%.
Britain’s 10-year yield decreased two basis points to 0.81%.
Commodities
West Texas Intermediate crude rose 0.2% to $61.55 a barrel.
Gold weakened 0.3% to $1,739.60 an ounce.
