{"id":109592,"date":"2021-01-23T06:59:38","date_gmt":"2021-01-23T06:59:38","guid":{"rendered":"https:\/\/precoinnews.com\/?p=109592"},"modified":"2021-01-23T06:59:38","modified_gmt":"2021-01-23T06:59:38","slug":"asian-stocks-poised-for-soft-start-dollar-steady-markets-wrap","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/asian-stocks-poised-for-soft-start-dollar-steady-markets-wrap\/","title":{"rendered":"Asian Stocks Poised For Soft Start; Dollar Steady: Markets Wrap"},"content":{"rendered":"

Asian stocks looked set to greet the week with declines as investors look ahead to data on the progress in China\u2019s economic recovery. The dollar was steady in early trading.<\/p>\n

Currency markets saw muted moves, while equity futures indicated small losses when trading begins Monday. There is no trading of cash Treasuries due to the Martin Luther King Jr. holiday. On Friday, the S&P 500 declined and support for Treasuries pushed the yield on 10-year notes down to around 1.08%.<\/p>\n

Global shares slipped last week after optimism about the $1.9 trillion U.S. aid package, and the so-called reflation trade, faltered. China\u2019s recovery probably powered ahead in the fourth quarter, with GDP set to post the fastest expansion in two years, according to expectations ahead of Monday\u2019s release.<\/p>\n

\u201cMarkets needed a breather or even a pull back to justify reflationary expectations,\u201d said Ben Emons, managing director of global macro strategy at Medley Global Advisors<\/span>.<\/p>\n

Meantime, another 3,830 people in the U.S. died of causes related to Covid-19, keeping the country on track to reach 400,000 deaths before in inauguration of President-elect Joe Biden.<\/p>\n

These are some key events coming up in the week ahead:<\/p>\n