* Asian stock markets : https://tmsnrt.rs/2zpUAr4
* S&P futures eke out new peak, Nikkei lags
* Fed sticking to stimulus, Powell set to speak
* Treasury yields dip, leaving dollar aimless
By Wayne Cole
SYDNEY, April 8 (Reuters) - Asian share markets lagged on Thursday as U.S. stock futures nudged to another record high after the Federal Reserve underlined its commitment to keeping policy super loose even as the economy enjoys a rapid recovery.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was flat, and also little changed on the week.
Minutes of the Federal Reserve's last policy meeting showed members felt the economy was still far short of target and were in no rush to scale back their $120 billion a month of bond buying. Chairman Jerome Powell speaks at an IMF event later on Thursday and is likely to reiterate the dovish outlook.
"This discussion is consistent with our view that it will be later this year before the Fed starts talking about talking about tapering, with actual changes to the purchase pace not occurring until Q1 2022," said analysts at JPMorgan (NYSE: JPM ).
"Fed officials generally viewed the recent rise in longer-term Treasury yields as reflecting an improving outlook and some firming of inflation expectations, and not a risk to the outlook."
Yields on 10-year Treasuries US10YT=TWEB have since eased back a little to 1.667%, from the recent 14-month top of 1.776%, but have struggled to break under 1.59%.
The pullback coincided with a dip in the dollar index to 92.444 =USD , from its recent five-month high at 93.439. The dollar was likewise holding at 109.78 yen JPY= , having faded from its recent one-year peak of 110.96.
The euro was steady at $1.1868 EUR= , after reaching as high as $1.1914 overnight following a surprisingly upbeat survey of European Union business activity. virus and growth expectations have spurred consumer and business confidence, driving up both domestic and global demand for manufactured products," said analysts at Barclays (LON: BARC ) in a note.
"This phenomenon is broad-based across European economies."
Oil prices slipped, but were still within a narrow trading range that has held for the last two weeks or so. O/R
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Asia stock markets
https://tmsnrt.rs/2zpUAr4 Asia-Pacific valuations
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Aditional reporting by Chibuike Oguh; Editing by Ana Nicolaci da Costa)
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