SYDNEY : Asian shares got off to a subdued start on Monday as markets braced for a raft of Chinese economic data that could well underwhelm, while earnings season picks up steam with Tesla on the docket.
Figures out over the weekend showed China's new home prices were unchanged in June, the weakest result this year. Data on U.S. retail sales are expected to show a rise of 0.3 per cent ex-autos, continuing the slower trend but solid enough to fit into the market's favoured soft-landing theme. They have also priced in at least 110 basis points of easing for next year, starting from March, which saw two-year bond yields down 18 basis points last week.
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