Asian Shares Got Off To A Cautious Start On Monday As Markets Count Down

Asian shares got off to a cautious start on Monday as markets count down to a likely cut in US interest rates this week with much riding on whether or not the Federal Reserve signals yet more are in the pipeline.

Robust earnings from Alphabet and Starbucks pushed the S&P 500 and Nasdaq indexes to record highs on Friday, with support from data showing US economic growth slowed less than expected in the second quarter.

Trends on SGX Nifty indicate a flat opening for the broader indices in India, a fall of 11 points or 0.10 percent. Nifty futures were trading around 11,317.50-level on the Singaporean Exchange.

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