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Asia stocks relieved by payrolls, inflation test looms

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By Wayne Cole SYDNEY (Reuters) – Asian shares edged up on Monday as risk assets basked in the glow of the upbeat October payrolls report, though caution was warranted ahead of a reading on U.S. inflation that could spook the rate horses. The congressional passage of a long-delayed U.S. $1 trillion infrastructure bill cheered investors, though a broader social safety net plan remains elusive. Data out over the weekend also showed China’s exports beat forecasts in October, though imports lagged. Early moves were modest with MSCI’s broadest index of Asia-Pacific shares outside Japan up 0.1%. Japa…

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