Shares cautious in Asia as earnings loom, oil slips

Asian share markets opened cautiously on Monday, as companies prepare to report their earnings. Tech stocks are facing pressure due to high valuations, while oil prices have been volatile following strikes in the shipping and airport sectors in the Gulf. President Trump announced an energy ceasefire between Ukraine and Russia, but neither country has confirmed the proposal.

The US oil price, Brent futures, and US crude futures all declined, with Brent futures falling 1.1% to $103.50 a barrel, and US crude futures dropping 1.2% to $90.73 a barrel. South Korean stocks fell 1.1%, while MSCI's Asia-Pacific index excluding Japan remained stable. On Wall Street, S&P 500 futures rose 0.2%, and Nasdaq futures increased by 0.5%.

In Europe, EUROSTOXX 50 futures rose 0.4%, while DAX futures climbed 0.4% and FTSE futures gained 0.3%. Trade was light as Japanese markets were closed and the US observed a partial holiday before the earnings season began.