*Spot gold seen testing support at $1,661/ oz- technicals. SINGAPORE, Jan 25- Gold rebounded from a near two-week trough on Friday, tracking a stronger euro and helped monetary easing, but a brightened global economic outlook could curb its gains.
*Bank of England challenges will be different. OTTAWA, Jan 25- Mark Carney, the next head of the Bank of England, has shaken up the stuffy culture at the Bank of Canada with his unconventional approach. The big question is will he be able to do the same at an even more hierarchical institution- the Bank of England.
NEW YORK, Jan 24- U.S.
LONDON, Jan 23- One of the big investment shifts of our day may be at hand- regardless of how global markets actually perform this year. What's already known as the "The Great Rotation"- a tilting of pension and insurance funds' strategic, long-term asset preference back toward equity from extreme positioning in bonds- has been one of themes of the new year so far.
*Brazil to announce deeper cuts in electricity prices. BRASILIA, Jan 23- Faced with an ever-bleaker economic outlook, Brazilian President Dilma Rousseff will announce on Wednesday a deeper-than-expected cut in electricity costs to help subdue a recent spurt in inflation and give a leg up to manufacturers, a government source told Reuters.
TORONTO, Jan 23- Canada's growth outlook dimmed over the last quarter, a Reuters poll showed on Wednesday, with soft export demand, a strong currency, and a cooling housing market combining to weaken economic expectations.
*MSCI World index flat as corporate earnings eyed. LONDON, Jan 23- World shares hovered near 20- month highs on Wednesday, supported by some upbeat corporate earnings, an easing of fears about the U.S. debt ceiling and a better outlook for the global economy.
LONDON, Jan 23- World shares hovered near 20- month highs on Wednesday, supported by some upbeat corporate earnings, an easing of fears about the U.S. debt ceiling and a better outlook for the global economy.
*For Asia economy data click on. *Inflation seen cooling in Asia. "Global demand will still be sluggish this year but exports for Asia as a region will grow faster in January and February," said Wendy Chen at Nomura.
*Japan's shallow recession seen over. TOKYO, Jan 23- Analysts raised growth forecasts for Japan for the next fiscal year ending in March 2014 as the new government's stimulus spending, expectations of further monetary policy easing and the yen's retreat will help the economy, a Reuters poll showed.
The euro zone can begin 2013 with more confidence than last year but it is up to governments to carry the bloc forward with reforms while the European Central Bank delivers stable prices, ECB President Mario Draghi said on Tuesday.