Wall Street

Asia shares bounce, euro on edge for ECB and gas test

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Reuters

By Wayne Cole SYDNEY (Reuters) – Asian shares inched higher on Monday following a much-needed bounce on Wall Street, but nerves are stretched ahead of a near-certain interest rate hike in Europe and another round of corporate earnings reports. It is shaping up to be a fraught week for Europe as it waits anxiously to see if Russia resumes the flow of gas through the Nord Stream 1 pipeline on July 21, while Italy teeters on the brink of political turmoil should Prime Minister Mario Draghi go ahead and resign. “If gas flows do not resume meaningfully, European gas prices will surge, prompting Ger…

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