SYDNEY - Major share markets turned hesitant on Monday, while the dollar and bond yields sagged ahead of inflation data that could pave the way for rate cuts in the United States and Europe, while Wall Street braced for earnings from AI darling Nvidia.

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

Brent rose 81 cents to $79.83 a barrel as of 0701 GMT, while US crude added 80 cents to $75.63 per barrel.

Europe's broad Stoxx 600 index was flat in very early trading, while MSCI's broadest index of Asia-Pacific shares added 0.5 percent.

S&P 500 futures and Nasdaq futures were both slightly lower in slow trade.

UK markets were closed for a holiday.

Nvidia on Wednesday to sky-high market expectations.