A man watches an electric board showing Nikkei index outside a brokerage at a business district in Tokyo, Japan, June 21, 2021. REUTERS/Kim Kyung-Hoon

  • Asian stock markets : https://tmsnrt.rs/2zpUAr4
  • Nikkei edges off 7-mth lows, China shares steady for now
  • U.S. stock futures firm as earnings beat expectations
  • Senate looks to pass infrastructure deal; payrolls ahead

SYDNEY, Aug 2 (Reuters) – Asian shares were seeking a modicum of stability on Monday as a run of stellar U.S. corporate earnings put a floor under markets, though Beijing’s regulatory crackdown continued to reverberate amid disappointing economic news.

China’s woes were underlined by surveys showing factory activity slowing sharply in July amid rising costs and extreme weather. read more

In contrast, Europe’s economic recovery outpaced all expectations last quarter, while U.S consumers spent with abandon in June as coronavirus restrictions eased, a trend likely to ensure a…

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