Ripples advisory, Asian stocks wary ahead of risk events this week, dollar struggles

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Asian stocks inched higher on Wednesday but investors remained noticeably risk averse, with gold and sovereign debt set for the second day of solid gains ahead of several major political and economic events later this week.

With UK elections, a European Central Bank policy meeting where policymakers may take a less dovish stance, and former FBI Director James Comey's Senate testimony all set for Thursday, market participants will be wary of making big bets.

MSCI's broadest index of Asia-Pacific shares outside Japan crept up 0.1 percent, with Hong Kong and mainland China stocks leading the region higher.