Asian shares bounce and oil rises
Asian shares rallied on Monday following strong US job data while oil prices edged higher amid rising Gulf tensions. Markets are now bracing for upcoming inflation reports and expected rate hikes by global central banks.
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Asian shares rallied on Monday morning, with the Nikkei climbing 2.0% as a robust U.S. jobs report bolstered global growth confidence. The rebound occurred even as escalating Gulf conflict pushed oil prices higher, complicating the monetary policy outlook.
