Asian Markets Unsteady Ahead of Key Inflation Data

Major Asian share markets displayed hesitation on Monday, while the dollar and bond yields declined ahead of anticipated inflation data. Investors are hopeful this data will lead to rate cuts in the U.S. and Europe. Oil prices rose amid tensions in the Middle East, and Nvidia's upcoming earnings report is keenly awaited.

Major share markets in Asia showed signs of hesitation on Monday as the dollar and bond yields declined. This comes ahead of critical inflation data that investors hope will prompt rate cuts in the United States and Europe.

Oil prices surged by 0.7% as geopolitical tensions between Israel and Hezbollah raised concerns over possible supply disruptions if the conflict escalates. Brent crude rose by 51 cents to $79.52 a barrel, and U.S. crude gained 50 cents to reach $75.33 per barrel.

Investors are also eagerly awaiting Nvidia's earnings report on Wednesday. The company's stock has increased by approximately 150% year-to-date, significantly contributing to the S&P 500's gains. However, experts suggest that Nvidia will need to report higher-than-expected revenue to sustain its market performance.

(With inputs from agencies.)