(Bloomberg) — Stocks declined in Asia along with U.S. equity futures as investors greeted the week with a lack of risk appetite and traders looked ahead to data on the progress in China’s economic recovery. The dollar edged up.South Korea saw the bulk of early losses in Asia, with S&P 500 futures also lower. There is no trading of cash Treasuries due to the Martin Luther King Jr. holiday, though bond futures advanced. Weakness in equities prevailed for a second session after U.S. shares on Friday declined and support for Treasuries pushed the yield on 10-year notes down to around 1.08%. Crude oil retreated.Global shares slipped last week after optimism about the $1.9 trillion U.S. aid package, and the so-called reflation trade, faltered. China’s 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’s release.“Markets needed a breather or even a pull back to justify reflationary expectations,” said Ben Emons, managing director of global macro strategy at Medley Global Advisors.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.Some Huawei suppliers, including Intel Corp., found their licenses revoked during the final days of the Trump administration, Reuters reported, citing unidentified people familiar with the matter.These are some key events coming up in the week ahead:U.S. equity and bond markets are shut Monday for the Martin Luther King Jr. holiday.China data on GDP, industrial production and retail sales are due Monday.Earnings come from companies including Bank of America, Morgan Stanley, Procter & Gamble, Intel, and Netflix.Joe Biden takes office as U.S. president on Wednesday.Policy decisions are due Wednesday from central banks in Brazil, Malaysia and Canada. The Bank of Japan and the ECB deliver decisions Thursday.Here are the main moves in markets:StocksS&P 500 futures slid 0.3% as of 9:11 a.m. in Tokyo. The index fell 0.7% on Friday.Japan’s Topix index declined 0.7%.South Korea’s Kospi lost 1.2%.Australia’s S&P/ASX 200 Index declined 0.7%.CurrenciesThe yen was at 103.88 per dollar, little changed.The Bloomberg Dollar Spot Index rose 0.1%.The euro bought $1.2069, down 0.1%.The offshore yuan traded at 6.4880 per dollar.BondsThe yield on 10-year Treasuries ended last week at 1.08%.CommoditiesWest Texas Intermediate crude slid 0.5% to $52.08 a barrel.Gold fell 0.9% to $1,812.80 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.