INSUBCONTINENT EXCLUSIVE:
MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1 per cent.Asian share markets consolidated their weekly gains on
Friday as Sino-US talks produced a lot of headlines but no conclusions, while caution ahead of US payrolls and a holiday in China dampened
volatility.MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1 per cent but was only just off its highest since the end
The index was still up 1.8 per cent for the week and 13 per cent for the year so far.Japan's Nikkei added 0.3 per cent, to be 2.8 per cent
E-Mini futures for the SP 500 edged up 0.1 per cent."Share markets have run hard and fast from their December lows and are vulnerable to a
short-term pullback," said Shane Oliver, head of investment strategy at AMP Capital."But valuations are okay, global growth is expected to
improve into the second half of the year, monetary and fiscal policy has become more supportive of markets and the trade war threat is
receding."Xinhua reported Chinese President Xi Jinping had said progress was being made and called for an early conclusion of
negotiations.US President Donald Trump said on Thursday a deal could be announced in about four weeks, but warned it would be difficult to
let China trade with the United States if remaining issues were not resolved.Investors are also waiting on the US payrolls report, which is
forecast to bounce back by 180,000 in March, following February's distorted 20,000 rise
One focus will be hourly earnings, which climbed to 3.4 per cent in February, the fastest pace since April 2009.Hopes for a solid number
were boosted by data on jobless claims which fell to a 49-year low last week, pointing to sustained labour market strength.The Dow ended
Thursday up 0.64 per cent, while the SP 500 gained 0.21 per cent and the Nasdaq dropped 0.05 per cent
The SP 500 reached its highest level since Oct
9 and is only 1.75 per cent below its all-time closing high.Yen EasingIn currencies, the progress on trade was enough to keep the safe-haven
yen under pressure and lift the dollar to its highest in three weeks at 111.79
The next chart stops were 111.89 and the March peak around 112.12.Against a basket of currencies the dollar had bounced back to 97.287, from
Wednesday's low of 96.962.Reuters reported Saudi Arabia is threatening to sell its oil in currencies other than the dollar if Washington
passes a bill exposing OPEC members to US antitrust lawsuits, three sources familiar with Saudi energy policy said.The euro was flat at
$1.1223 having dipped overnight in the wake of poor German data
Industrial orders there fell by the most in more than two years in February as foreign demand slumped, another sign that Europe's largest
economy had a weak start to the year.Sterling was stalled at $1.3077 as markets awaited some clarity on where Brexit was heading.Pro-Brexit
lawmakers in Britain's upper house of parliament tried on Thursday to thwart the approval of a new law that would force Prime Minister
Theresa May to seek a delay to prevent a disorderly EU exit on April 12 without a deal.A source close to negotiations on the timetable for
the bill said they expected it to be finalised on Monday.In commodity markets, spot gold dipped to $1,291.61 per ounce but held above a near
10-week low hit overnight.Brent oil had briefly touched $70 a barrel for the first time since November on Thursday as expectations of tight
global supply outweighed pressure from rising US production.Brent crude futures were off 23 cents at $69.17, while US crude eased 3 cents to
$62.07 a barrel.Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on
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