GOOD MORNING ASIA

ECONOMY

On Friday , MSCI broadest index of Asia-Pacific shares outside Japan inched up 0.06%. Asian Indices trading with modest gains, tracking improved global sentiment after UK lawmakers voted to delay Brexit and as a weaker yen supported Japanese shares, but a fresh flare up in U.S.-China trade concerns is expected to cap gains.
Global markets drew some relief overnight with European stocks rising to a five-month high, boosted by strength in the banking sector after Britain's parliament voted to reject a disorderly Brexit.
Despite EU market firm, the S&P 500 dipped 0.1%, snapping a three-day winning run, and the Nasdaq shed 0.2% on Thursday in the wake of uncertainty over when a U.S.-China trade deal would be reached.
On Thursday U.S. Treasury Secretary Steven Mnuchin said "A summit to seal a trade deal between U.S. President Donald Trump and Chinese President Xi Jinping will not happen at the end of March as previously discussed because more work is needed in negotiations".
The Confederation of All India Traders and the Swadeshi Jagran Manch called for a boycott of Chinese goods after Beijing blocked a move to put Pakistani militant leader Masood Azhar on a U.N. terrorist list following a suicide attack last month.

The dollar held gains having snapped its four-day losing streak to a group of six major peers.
The pound was 0.1% higher at $1.3237, trimming some of the heavy losses suffered overnight. Sterling retreated 0.75% on Thursday as investors geared up for British Prime Minister Theresa May to try again to win approval for her Brexit deal.
The greenback rose as U.S. Treasury yields climbed from two-month lows marked earlier in the week, driven by corporate supply.
The dollar was steady at 111.83 yen after climbing 0.5% the previous day.
The euro edged up 0.05% to $1.1311 after slipping 0.2% overnight.

Oil prices soared to the four-month high as investors focused on global production cuts and supply disruptions in Venezuela.
U.S. crude oil futures declined 0.1% to $58.54 per barrel, losing some steam after a recent surge but holding close to a four-month peak of $58.74 brushed on Thursday.
Malaysian palm oil futures fell for a seventh consecutive session on Thursday to a three-month low, as concerns over slowing demand and rising production dragged down the market.
Chicago Board of Trade wheat futures rallied on Thursday for the second time in three days, hitting their highest in more than a week as investors scrambled to unwind short positions.