Asia Stocks Seen Down; Oil in Focus on OPEC+ Deal: Markets Wrap

Asia Stocks Seen Down; Oil in Focus on OPEC+ Deal: Markets Wrap

(Bloomberg) -- Stocks are set to start the week lower in Asia amid concerns about accelerating inflation. Oil will be in focus after OPEC and its allies reached a deal on increasing global supply.

Futures were down in Japan, Australia and Hong Kong. The S&P 500 Index fell for the first week in four. The 10-year Treasury note yield registered a third week of declines, ending below 1.3%, as the increase of more dangerous Covid-19 variants around the world raised questions about the reflation trade. Currencies were steady in early Asian trading.