Asian shares

SHANGHAI (Reuters) – Asian shares were weakened on Monday, as a result of the launch of the Chinese market, which is expected to show signs of slowdown.

China trade war continues to temper risk appetite, the absence of any escalation of rhetoric out of Beijing or Washington over the past few days is helping support sentiment, as are strong earnings from industrial firms on Wall Street.

China is set to release second-quarter gross domestic product (GDP) figures on Monday at 0200 GMT, which, along with June industrial output, are expected to show a modest slowdown in economic growth.

A government effort to rein in financial risk and an escalating trade war with the United States are expected to dent China's economic growth prospects.

In early Asian trade, MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.1 percent.

On Friday, the Dow Jones Industrial Average .DJI rose 0.38 percent to 25.019.41 and the Nasdaq Composite .IXIC added 0.03 percent to 7.825.98. The S & P 500 .SPX is up 0.11 percent to 2.801.31.

U.S. future stockings touched a fresh high five-month high on Monday. S & P500 e-mini future ESc1, the world's most liquid futures index, rose 0.2 percent in early 2.

U.S. had been lifted by a large group of companies in the United States. Investors also took succor from a lack of new escalation of trade war rhetoric.

Australian shares were flat, and Seoul's Kospi was down 0.1 percent. Japan's markets are closed for a holiday Monday.

The pink dollar 0.05 percent against the yen to 112.42 JPY =.

The EUR EUR = was down 0.1 percent on the day at $ 1.1677, while the dollar index .DXY, which tracks the greenback against a basket of six major rivals, was flat at 94.768.

The yield on 10-year benchmark Treasury notes US10YT = Pink RR to 2.8289 percent compared with its U.S. close of 2.831 percent on Friday.

U.S. Federal Reserve Monetary Policy Report to the U.S. "It is expected that" further gradual increases in interest rates due to "solid" economic growth.

The two-year yield US2YT = RR, which is higher than Fed funds, was at 2.582 percent, unchanged from the US close.

ANZ badysts said in a note Monday that the Fed's report "yielded some surprises," but noted that trade tensions continue to weigh on commodity markets and U.S. consumer confidence.

U.S. Crude CLC1 dipped 0.5 percent at $ 70.67 per barrel, weighed by easing concerns over supply disruptions. Brent crude LCOc1 was 0.4 percent lower at $ 75.04 per barrel.

A rising dollar on Monday, but spot gold XAU = slightly higher on Monday, trading at $ 1241.16 per ounce. [GOL/]