(Bloomberg) -- Asian stocks were mixed and U.S. equity futures dipped as investors greeted the week with a lack of risk appetite and traders mulled data on China’s economic recovery. The dollar edged higher.South Korean and Taiwan shares retreated as sentiment toward chip component makers took a hit on news that the Trump administration will restrict licenses to several Huawei Technologies Co. suppliers. Hong Kong and Chinese stocks saw modest gains after economic growth and industrial production data beat expectations. S&P 500 futures pointed lower with European equity contracts. Crude oil retreated.There is no trading of cash Treasuries due to the Martin Luther King Jr. holiday, though U.S. bond futures advanced. The S&P 500 closed lower Friday and support for Treasuries pushed the yield on 10-year notes down to around 1.08%.Global shares slipped last week after optimism about the $1.9 trillion U.S. aid package, and the so-called reflation trade, faltered into a holiday weekend. Investors are waiting for the inauguration of Joe Biden, who ascends to the U.S. presidency on Wednesday with an speech outlining how he’ll tackle the health and economic crises he inherits.“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.The U.S. government notified several Huawei suppliers that it’s revoking their licenses to work with the Chinese firm and rejecting other applications in the last days of Donald Trump’s presidency, Reuters reported, citing unidentified people familiar with the matter.Meanwhile, global coronavirus cases approached the 95 million mark, while the U.S. death toll from Covid-19 neared 400,000.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.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 11:16 a.m. in Tokyo. The index fell 0.7% on Friday.Japan’s Topix index declined 0.5%.Hong Kong’s Hang Seng rose 0.4%.South Korea’s Kospi lost 0.8%.Australia’s S&P/ASX 200 Index declined 0.8%.Euro Stoxx 50 futures lost 0.2%.CurrenciesThe yen was at 103.73 per dollar, up 0.1%.The Bloomberg Dollar Spot Index rose 0.1%The euro bought $1.2078.The offshore yuan traded flat at 6.4825 per dollar.BondsThe yield on 10-year Treasuries ended last week at 1.08%.CommoditiesWest Texas Intermediate crude slid 0.7% to $51.98 a barrel.Gold fell 0.2% to $1,825 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.