Oil rebounds as markets trade mixed following Wall Street rally

Asian shares were mixed, with some markets making cautious gains. The MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1%, led by South Korean shares rallying as much as 2.1%, while Japan's Nikkei slid 0.3%.

The gains followed a Wall Street rally, supported by easing oil prices and data showing that US manufacturing activity increased to the highest level in more than four years in July, according to Free Malaysia Today. This sent the Dow Jones Industrial Average to a record close.

Oil prices made limited gains, with Brent crude up 0.6% at US$84.29 a barrel, after falling to a three-week low on Monday. According to Euronews, European pre-market data pointed to a slightly higher open.

Brief written by urgent.news from Euronews, Free Malaysia Today — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.