Global shares edge up, euro vulnerable on divided EU summit

By Chikako Mogi

TOKYO | Wed Jun 27, 2012

(Reuters) – Asian shares rose on Thursday on encouraging U.S. economic data, but prices could falter with markets tense ahead of a European summit deeply divided on how to tackle the protracted euro zone debt crisis and stop it spreading further.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged 0.2 percent higher while Japan’s Nikkei average .N225 opened up 1 percent. .T

Wall Street stocks logged their largest gain in week on Wednesday and oil prices rose after data showed demand for long-lasting U.S. manufactured goods rebounded more than expected in May, a gauge of planned business spending increased and pending home sales rose in May.

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