GLOBAL MARKETS-Asia tense before US jobs test, euro nurses losses

SYDNEY, April 4 (Reuters) - Asian markets put discretion before valour on Friday as investors counted down the final hours to the U.S. jobs report, while the euro nursed a grudge after the European Central Bank opened the door to more aggressive easing, albeit not just yet.

ECB models trillion euro asset purchase program: newspaper

(Reuters) - The European Central Bank has modelled the effects of buying a trillion Euros of assets to ward off deflation, a German newspaper reported on Friday, a day after the ECB's president said radical policy action might be needed.

OECD Warns Euro Area of Higher Deflation Risks

BRUSSELS--Deflation risks in the euro area have risen and the European Central Bank should keep its interest rates at near zero over the medium term to tackle them, the Organization for Economic Cooperation and Development said in a report Thursday.

German unemployment falls by more than expected in March

German unemployment fell by more than expected in March as the economy was boosted by the mild winter weather.

UK mortgage lending falls in February

Mortgage lending saw a surprise decline in February but credit conditions brightened for Britain’s smaller businesses, Bank of England figures showed today.