Wall Street

Shares rally, euro on edge for ECB and gas test

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Reuters UK

By Wayne Cole SYDNEY (Reuters) – Asian share markets rallied on Monday following a much-needed bounce on Wall Street, though nerves were 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, promptin…

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