(Bloomberg) — U.S. stocks rebounded from the worst week since March as investors prepared for the presidential election and a Federal Reserve meeting. Treasury yields dropped and the dollar touched a one-month high.The S&P 500 climbed as much as 1.8% following last week’s sharp selloff. All 11 sector groups in the benchmark index were positive. Equity benchmarks across Europe and Asia were also higher, and investors took comfort in data that showed strength in China’s economic expansion.“The markets are entering this week a bit oversold,” said Sam Stovall, chief investment strategist at CFRA Research. “Volatility should be elevated, since the election outcome will not likely be determined in the next couple of days. This week’s economic calendar should continue to be supportive, showing additional strength.”Dunkin’ Brands Group Inc. rallied as much as 6.2% after agreeing to be acquired by private equity-backed Inspire Brands Inc. in a $11.3 billion deal, one of the largest transactions ever in the restaurant industry. Online grocery retailer Ocado Group Plc jumped as much as 11% to lead gains in the Europe Stoxx 600 Index.The picture wasn’t uniform across markets. Oil clawed back earlier losses amid signals that Russia, a key OPEC ally, is in talks to possibly postpone the group’s planned output hike in January. Russia, which depends on crude as a key export, saw the ruble weaken to the lowest level since March against the dollar.The main event this week will be Tuesday’s U.S. election, with Democratic nominee Joe Biden leading President Donald Trump in polls. Virus developments are also front and center, with daily cases continuing to surge in many parts of the world.“Going into an election, there’s always, always jitters, there’s volatility,” said Quincy Krosby, chief market strategist at Prudential Financial. “But we have the question mark regarding the surge of the coronavirus. And the question is, how much does it jeopardize the recovery?”China continues to be a bright spot in the global economy. The Caixin China October manufacturing purchasing managers’ index rose to 53.6, the sixth month of expansion and the highest since 2011, according to data Monday.In other markets, gold advanced while the yield on 10-year Treasuries declined. The Bloomberg Dollar Spot was little changed. The VIX Index, a measure of implied volatility in U.S. stocks, slid to 37.Earlier on Monday, the calculation of equity benchmarks including the Stoxx Europe 600 Index was delayed by a technical glitch that lasted about an hour. Neither the cash market nor equity derivative trading were affected by the glitch.These are some key events coming up:Earnings are due from companies including Nintendo Co., Macquarie Group Ltd., Toyota Motor Corp., Alibaba Group Holding Ltd. and AstraZeneca Plc.U.S. Presidential election on Tuesday.EIA crude oil inventory report on Wednesday.Fed policy decision on Thursday.The U.S. labor market report is due Friday.These are some of the main moves in global financial markets:For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.