Asian Shares Soar as Oil Prices Rise Amid Ongoing Global Tensions

Asian shares experienced a significant rebound on Monday as investors reacted positively to the robust U.S. jobs report, which boosted confidence in global growth despite narrowing interest rate hike odds.

The report also had an impact on oil prices, with Brent increasing by 0.2% to $96.45 a barrel and U.S. crude rising 0.4% to $91.85 a barrel, following last week's nearly 10% climb.

The European Central Bank is expected to raise its interest rate to 2.75% on Thursday, with futures implying a 75% chance of another hike to 3.0% by December. This led to caution among European stocks, with EUROSTOXX 50 and DAX futures easing 0.1%, while FTSE futures remained flat.

Japan's Nikkei recovered 2.0% after a similar decline last week, while South Korea rallied 3.0%. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.9%.