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Before the ADP report, the consensus in the markets was for a net gain in payrolls of around 170,000 jobs in March, but analysts are now less confident that the U.S. economy created that many jobs. Investors have further U.S. jobs data to digest later Thursday -- weekly jobless claims and a survey from the Challenger job-placement firm
-- before Friday's main report. Anthony Grech, market strategist at IG Index, said solid payrolls figures on Friday would "draw a neat line under an impressive first quarter, while a worse than expected number may shake sentiment." However, before then, trading volumes are expected to wind down in the run-up to the Easter break. By late morning London time, the euro was 0.1 percent lower at $1.3498 while the dollar was flat at 93.40 yen. Earlier in Asia, Japan's benchmark Nikkei 225 stock average gained 154.46 points, or 1.4 percent, to 11,244.40, while Hong Kong's market index rose 1.4 percent to 21,537.00 and South Korea's Kospi benchmark was up 1.6 percent at 1,719.17. Elsewhere, China's Shanghai market rose 1.2 percent and Australia's index gained 0.7 percent. The benchmark oil contract added 51 cents to $84.27 a barrel.
[Associated
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