Australian shares opened lower and South Korea’s main equity index was flat. Futures on the S&P 500 Index edged lower after the US gauge climbed Friday to a fresh all-time high.

Japan is closed for a holiday so equities won’t trade and Treasuries will be shut until the London open. Treasury futures were little changed after the yield on the 10-year note ended last week at 2.12%, near a one-month high.

Chinese growth is expected to moderate to 6.2% from 6.4% in the first quarter and Bloomberg Economics says any weakening will increase urgency for policy makers to step up fiscal and monetary support.

Later this week comes retail sales data in the US and a slew of speeches by policymakers including Federal Reserve Chairman Jerome Powell. And earnings season gets under way too.

“We’re fully expecting these results to lead the PBOC to do more in terms of stimulus,” Toby Lawson, head of global markets at Societe Generale in Sydney, told Bloomberg TV.

Elsewhere, Bitcoin sank over the weekend as criticism from President Donald Trump put focus back on this year’s surge.