However, both markets rose on Friday. Asian markets, except China, were up Monday. 
United States
US stocks snapped a five-day losing streak and logged their largest daily gains so far this month, as battered bank and energy shares led a rebound at the end of a turbulent week. The Dow Jones Industrials and S&P 500 rose 2% each, while the Nasdaq Composite gained 1.7%. Every sector except for utilities advanced. However, these gains were not enough to avert a second straight weekly loss for all three main indexes. The Dow Jones Industrials was down 1.4%, the Nasdaq lost 0.6% and the S&P 500 slid 0.8%.
Shares in J.P. Morgan Chase and Goldman Sachs were the two top performers as financial shares found support after Deutsche Bank’s announcement that it would repurchase $5.4 billion of its senior unsecured debt. Meanwhile, a recovery in oil prices helped boost energy shares. Oil prices recorded their largest one-day rise in seven years on Friday, supported by speculation about a possible production cut by the Organization of Petroleum Producing Countries.
Stocks also benefited from strong consumer spending data. Retail sales rose 0.2% in January, beating analyst expectations, while the 0.1% decline initially reported for December was revised to 0.2% growth.
US markets will be closed on Monday for President’s Day.
Europe
European stocks finished higher on Friday following the release of economic growth figures for the eurozone. However, the major indexes posted steep weekly declines. The Stoxx Europe 600 rose 2.9% on the day, with oil and gas shares leading all sectors higher, but posted a second straight weekly loss of 4.1%. The UK’s FTSE 100 gained 3.1% on the day, but declined 2.4% over the week. Germany’s DAX 30 rose 2.5%, but recorded a 3.4% weekly loss, while France’s CAC 40 was up 2.5%, but declined 4.9% over the week.
Bank stocks, which have been weighed down due to a number of investor concerns, were among the gainers on Friday. Shares in Commerzbank surged after the German lender said it plans to pay its first dividend since 2007 after swinging to a fourth-quarter profit. Deutsche Bank’s shares were up after it said that it plans to buy back €3 billion of its own euro-denominated debt and $2 billion of its U.S.-dollar denominated debt.
On the economic front, the eurozone’s fourth-quarter growth met expectations, rising 0.3% from the previous three months. GDP expanded by 1.5% in 2015. In Germany, GDP rose 0.3% in the quarter as exports fell. Meanwhile, eurozone industrial production fell 1% in December; analysts had expected a rise of 0.3%.
Asia Pacific
Chinese shares fell on Monday, catching up with losses in markets around the world as mainland markets reopened following the long Lunar New Year holiday. The Shanghai Composite Index was down 1.9%. The losses in China appeared contained, however, as shares elsewhere — Hong Kong, Japan and Australia — rose from multiyear lows.
Investors were also factoring in Chinese economic data released in the morning that deepened perceptions of a weak domestic economy. Chinese exports fell 6.6% year-on-year in yuan terms in January, compared with a 2.3% increase in December, while imports fell 14.4% year-on-year in January.
Japan’s Nikkei Stock Average rose 5%, erasing its 4.8% loss on Friday, which had sent the index to its lowest close since October 2014. The Hang Seng Index also rose, driven by a sharp gain in HSBC Holdings, which has a 10% weighting in the index. Australia’s S&P ASX 200 gained 1.2% and South Korea’s Kospi was up 1.1%.
Global Stock Markets

Please remember, the value of investments and the income from them can do down as well as up. Funds that invest in overseas markets may be subject to currency fluctuations. Investments in small and emerging markets can be more volatile than other overseas markets. Reference in this document to specific securities should not be construed as a recommendation to buy or sell these securities, but is included for the purposes of illustration only.
Looking forward*

The following indicators will be released this week…

 

Europe

 
 
 
 

February 15

EU

Balance of Trade (December)

 
 

ECB President’s speech

February 16

UK

Inflation rate (monthly and yearly) (January)

 
 

Retail Price Index (monthly and yearly) (January)

 

EU

ZEW Economic Sentiment Index (February)

February 17

UK

 
Unemployment Rate  (December)

 

EU

Construction Output  (December)

February 18

EU

European Council Meeting

 
 

Current Account (December)

February 19

UK

Retail Sales (monthly and yearly) (January)

 
 
 

Asia/Pacific

 
 

February 15

Japan

GDP Private Consumption (quarterly)

 
 

GDP Growth Rate (quarterly and yearly)

 
 

GDP Capital Expenditure (quarterly)

 
 

Industrial Production (monthly and yearly) (December)

 

China

Exports and Imports (yearly) (January)

February 16

Australia

Minutes from Reserve Bank of Australia meeting

February 17

Australia

Westpac Leading Index MoM(monthly) (January)

 

Japan

Machinery Orders (monthly and yearly) (December)

February 18

Japan

Exports and Imports (yearly) (January)

 

Australia

Employment Change (January)

 
 

Unemployment Rate (January)

 

China

Inflation Rate (monthly and yearly) (January)

February 19

Japan

Reuters Tankan Index FEB

 
 
 

Americas

 
 

February 16

United States

NAHB Housing Market Index (February)

February 17

United States

Housing Starts (January)

 

United States

Building Permits (January)

 
 

Core Producer Prices (monthly and yearly) (January)

 
 

Industrial Production (monthly and yearly) (January) 

February 18

United States

FOMC Minutes

 
 

Initial and Continuing Jobless Claims (February)

 
 

Philadelphia Fed Manufacturing Index (February)

February 19

United States

Inflation Rate (monthly and yearly) (January)

*Note — all releases are listed in local time.