GLOBAL MARKETS-Asia Shares Edge up Before Inflation Tests, Oil Gains

ASIAN MARKET - SYDNEY. Asian shares crept cautiously higher on Monday, while the dollar and bond yields were on the wane ahead of inflation data that investors hope will pave the way for rate cuts in the United States and Europe.

Oil prices climbed 0.7% after Israel and Hezabollah traded rocket salvos and air strikes on Sunday, stirring worries about possible supply disruptions if the conflict escalated.