Investors Brace for Asian Earnings and China Data Impact on Stocks

Asian stocks opened cautiously on Monday as US earnings season gets into full swing, while a raft of Chinese data will offer insight into how the world's second-largest economy is recovering. Markets have also seen a mood shift on the outlook for US interest rates, with futures implying an 80% chance the Federal Reserve will hike by a quarter point to 5.0-5.25% in May.