Asian stocks tick up, euro subdued as ECB maintains easing bias

Asian Market 1

Asian stocks inched higher on Friday and looked set to close a strong week on a positive note, while the euro slipped after the European Central Bank showed no signs of paring its stimulus programme.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, putting it on pace to end the week up 1.9 percent, which would be its best week in six. Earlier in the week, it hit an almost two-year high.

Japan’s Nikkei fell 0.1 percent as March industrial output and household spending fell more than expected and consumer inflation remained tepid. But the index was poised for a 3.3 percent weekly gain, its strongest since November.

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