Asian shares edged higher on Monday as a disappointing U.S. payrolls report promised to keep policy there super-loose for longer, but also clouded the outlook for global growth and inflation.
A holiday in the United States made for thin conditions and kept MSCI's broadest index of Asia-Pacific shares outside Japanadded 1.7%, extending a rally on hopes a new prime minister there would bring added fiscal stimulus.gained 1.3% amid speculation Beijing would also be adding stimulus through fiscal and monetary policy.
"Employment decelerated sharply in August, with little indication of a pickup in labour supply," said Barclays economist Jonathan Millar. "This puts the Fed in a quandary as it balances risks of a sharp demand slowdown against those of tight supply and inflation." The dollar remained sidelined on the yen at 109.76 , while the euro was firm at $1.1881 after hitting a five-week top of $1.1908 on Friday.
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