Reuters
Asia shares edge up with U.S. futures, oil gains
Asian shares steadied on Monday as U.S. stock futures made cautious gains ahead of U.S. inflation data later in the week, while the euro touched a seven-year top on the yen amid wagers of European Central Bank tightening. Oil prices firmed after Saudi Arabia raised prices sharply for its crude sales in July, an indicator of how tight supply is even after OPEC+ agreed to accelerate its output increases over the next two months. MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.1%, while Japan’s Nikkei recouped early losses to gain 0.3%.
