Sydney — Asian stocks erased early losses on Friday and were poised for their biggest weekly rise since 2011 while the euro hovered near a one and a half month high as Europe’s central bank surprised with more stimulus, fuelling hopes for a global rebound.

The market was a bit choppy as some investors chose to take profits ahead of Friday’s nonfarm payrolls data, which is expected to show further deterioration in the US jobs market...

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