Jun Rong

Following an onslaught of US elections, central banks’ monetary decisions (Fed, RBA, BoE) and China’s NPC meeting last week, Asian markets are kicking off the new week on the backfoot.

The new week brought some slight consolidation in Wall Street following a Trump-induced surge, but there seems little in the way to stop the broader upward trend for now.

Overnight, Wall Street was mixed but broader risk-on sentiments remain intact, with the VIX trending lower while defensives generally lagged.

Risk sentiments will have the late-night bump in the US dollar to react to, thanks to less dovish Federal Reserve (Fed) Chair Jerome Powell's comments.

What are some of the key events to watch next week? Source: Adobe images This week's overview

The Asian session looks set for a softer session today, without much of a cheer in Wall Street to end last week as the Trump-induced rally continue to see some pullback.

Markets to watch this week

Further cooling in the US dollar rally for the second straight day and some resistance for Treasury yields to go higher overnight should see Asian indices taking their chance for some recovery.

Further cooling in the US dollar rally for the second straight day and some resistance for Treasury yields to go higher overnight should see Asian indices taking their chance for some recovery.

A quieter start on the economic front saw the US dollar retreating from its one-year high and a pause in the Treasuries sell-off, which offer room for a breather in Wall Street.