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LONDON, March 12- Gold rose above $1,590 an ounce on Tuesday, gaining nearly one percent following comments by an ECB official that eurozone inflation pressures are abating, which was viewed as an indication of continued monetary easing.
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*MSCI Asia ex- Japan down 0.3 pct despite more U.S. gains. TOKYO, March 12- Asian shares eased on Tuesday but growing confidence in the U.S. economy underpinned risk sentiment, while the yen touched fresh lows on speculation over imminent monetary easing.
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By Lesley Wroughton and David Lawder. WASHINGTON, March 12- U.S. lawmakers late on Monday rebuffed a request by the Obama administration to approve a permanent increase in U.S. funding to the International Monetary Fund in a setback for IMF reforms to boost the voting power of emerging economies.
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NOVO-OGARYOVO, Russia, March 12- President Vladimir Putin on Tuesday tapped his chief economic adviser, Elvira Nabiullina, to head Russia's central bank, backing a loyal technocrat likely to bow to political pressures to ease monetary policy.
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WASHINGTON, March 11- The Senate Appropriations Committee on Monday rebuffed a request by the Obama administration to approve a permanent increase in U.S. funding to the International Monetary Fund, part of a broader deal that would increase the voting power of emerging market economies in the global lender.
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*Stronger U.S. jobs market underpins recovery hopes. NEW YORK, March 11- A number of commodities were higher for a second straight session on Monday on hopes that a recovering U.S. economy will lead to better demand, while coffee, sugar and corn rallied on worries about harsh weather and supply tightness.
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BEIJING, March 12- Intense lobbying by central government agencies and debt-laden local governments is keeping People's Bank of China hawks in check after inflation jumped to a 10- month high, forcing the central bank to keep its monetary policy setting in neutral.
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Bullion prices were supported by official data released over the weekend that showed China's factory output and consumer spending were weaker than forecast in February, leaving more room for economic stimulus. However, signs of rising inflation could prompt China's policymakers to tighten monetary policy earlier than expected, analysts said. "
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*Wall Street's "fear gauge" falls to lowest since 2007. NEW YORK, March 11- Wall Street stocks edged up on Monday, approaching a 5-1/ 2- year high, on optimism about the U.S. economy and easy monetary policy from the Federal Reserve, while U.S. oil prices rebounded after falling due to disappointing Chinese industrial data.
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*Fitch cuts Italy credit rating after election impasse. *Dell, Icahn enter into confidentiality agreement. NEW YORK, March 11- Wall Street edged lower on Monday as investors paused after Italy's credit downgrade and disappointing Chinese economic data after last week's rally that took the Dow to record highs.
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*Treasury to auction $66 billion of U.S. debt this week. Rating agency Fitch cut Italy's sovereign rating by one notch to BBB-plus with a negative outlook, saying last month's inconclusive election result complicated efforts to get the economy out of its deep recession and curb debt.
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PARIS, March 11- The economic outlook in major industrialised economies is improving with the United States and Japan leading the way, the OECD said on Monday, adding that activity in the euro zone was also picking up.
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LONDON, March 11- Gold was little changed on Monday, with investment demand subdued as the dollar firmed and European shares edged away from multi-year highs on weak Chinese economic data and worries about Italy. Spot gold was at $1,577.60 an ounce by 1100 GMT, having touched a two-week low of $1,560.80 after positive U.S. unemployment figures on Friday.
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*Daqin Railway boosted by China railway ministry breakup. HONG KONG, March 11- China shares posted a third-straight daily loss in weak Monday trading, flattening Hong Kong gains, after patchy economic data over the weekend spawned doubts that earnings will recover for Chinese companies.
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*Germany pins hopes on US, China, domestic demand. BERLIN, March 11- Germany's trade surplus narrowed in January with imports rebounding after two weak months to rise at their fastest pace since last May, data from the Federal Statistics Office showed on Monday. "So far we had disappointing numbers in January," said Juergen Michels of Citigroup. "
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HONG KONG, March 11- Chinese shares fell for a third straight session on Monday after patchy economic data over the weekend raised doubts about the earnings outlook for Chinese firms. The CSI300 index of the leading Shanghai and Shenzhen A-share listings closed down 0.6 percent at 2,592.4.
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*Aussie slips after China data disappointment. TOKYO, March 11- The dollar hovered near a 3-1/ 2- year high against the yen and held an upper hand against other major currencies on Monday after remarkable growth in U.S. employment added to optimism over recovery in the world's largest economy.
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*Daqin Railway boosted by China railway ministry breakup. HONG KONG, March 11- China shares were on track for a third straight daily loss on Monday, led by the banking sector after patchy economic data over the weekend raised doubts that earnings will recover for Chinese companies.
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*Dollar near 3-1/ 2- year high vs yen, 3- month high vs euro. *Aussie slips after China data disappointment. TOKYO, March 11- The dollar hovered near a 3-1/ 2- year high against the yen and held an upper hand against other major currencies on Monday after remarkable growth in U.S. employment added to optimism over recovery in the world's largest economy.
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Data from China's National Bureau of Statistics showed the consumer price index rose 3.2 percent in February from a year ago, versus expectations of a 3.0 percent rise, while annual industrial production growth in January and February combined at 9.9 percent was the lowest since October 2012- the starting point of China's nascent economic recovery.