Asian shares soared on Monday following a strong U.S. jobs report, signaling potential for global growth while increasing the likelihood of interest rate hikes.
Geopolitical tensions in the Gulf, with the U.S. and Iran targeting ships, drove modest gains in oil prices, further influencing economic projections.
Central banks worldwide are preparing for possible rate hikes, with investors closely watching upcoming U.S. consumer price index reports to gauge future economic trends.
(With inputs from agencies.)