Asia tries to bounce, tense week ahead for EU

Published by
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 rate hike in Europe and another round of corporate earnings reports. It is shaping up to be a tense 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 Germany and ot…

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