Asian shares have begun the week with mixed trading. China reported wholesale prices fell 5.4% in June, suggesting a further weakening of demand in many industries. Benchmarks rose in Hong Kong, Shanghai and Mumbai but fell in Tokyo and Sydney. U.S. futures and oil prices declined. On Friday Wall Street drifted to a mixed close after data suggested the U.S. job market is still warm enough to keep the economy growing but maybe not so hot that it stokes inflation much higher. The S&P 500 fell 0.3% and the Dow shed 0.6%. The Nasdaq slipped 0.1%. Friday’s report showed that employers added fewer jobs in June than in May, not far off economists’ expectations.
