Asian shares capped ahead of earnings reports

By Chikako Mogi

TOKYO (Reuters) - Asian shares steadied on Tuesday but prices were capped by investor caution ahead of corporate earnings season for the last quarter of 2012 and the European Central Bank's policy meeting later in the week.

U.S. stock prices retreated from five-year highs on Monday, spurring selling of oil, gold and other risky investments and reviving some safety bids for U.S. and German government debt.

U.S. earnings season unofficially kicks off when aluminium maker Alcoa

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