* Asia ex-Japan gains, Nikkei closes down 0.8 percent
* European markets poised for subdued start
* Oil little changed amid supply glut worries
* Sterling extends losses after British PM comments
* Gold, yen rise as investors seek shelter in safe havens
By Nichola Saminather
SINGAPORE, Jan 10 (Reuters) - Asian stock markets rose on
Tuesday while crude oil prices languished near three-week lows,
with investors uncertain whether output cuts by some major
exporters would be enough to offset increasing supplies from
Sterling extended losses following its lowest close in three
months on renewed concerns about a "hard" Brexit.
European markets were poised for a lacklustre start, with
financial spreadbetter CMC Markets expecting Britain's FTSE 100
, which touched a record high as the pound retreated, to
open flat; and Germany's DAX and France's CAC 40
to start the day down 0.2 percent.
MSCI's broadest index of Asia-Pacific shares outside Japan
advanced 0.5 percent.
But Japan's Nikkei resumed its declines, closing
down 0.8 percent as the yen strengthened.
China's CSI 300 was little changed, largely
shrugging off further signs of improvement in the industrial
sector. Data earlier in the day showed producer inflation surged
to a more than five-year high in December as raw materials
Oil prices were little changed after falling nearly 4
percent on Monday, their biggest one-day loss in six weeks. The
drop was spurred by fears that record Iraqi crude exports in
December, increased supplies from Iran and rising U.S. output
would undermine an agreement by exporters, led by Saudi Arabia
and Russia, to curb production.
"It's unusual to have these agreements last for very long
because inevitably someone cheats," said Daniel Morris, senior
investment strategist at BNP Paribas Investment Partners.
"It's certainly conceivable that the agreement falls apart
and you get more production than anticipated in addition to
already thinking that it (the oil price) should be lower because
of dollar strength."
U.S. crude was steady at $51.96 a barrel, while
global benchmark Brent was little changed at $54.94.
Sterling edged lower on Tuesday after sharp drops on Monday
and Friday pushed the currency to its lowest closing level since
Standing at $1.215 on Tuesday, the British currency was 0.1
percent weaker, building on Monday's fall of 1.0 percent, and
Friday's 1.1 percent drop.
Prime Minister Theresa May's comments on Sunday that Britain
would not be keeping "bits" of European Union membership stoked
fears of a "hard Brexit", as she said border controls would be
prioritised over market access.
EU officials say Britain cannot have access to its single
market of 500 million consumers without accepting the principle
of free movement.
The U.S. dollar was down 0.4 percent at 115.53 yen
on Tuesday, ahead of a news conference by U.S. President-elect
Donald Trump on Wednesday, his first since winning the November
election. Investors are hoping for clues on Trump's spending
plans, amid views that higher outlays will spur inflation and
further rises in U.S. interest rates.
The dollar index, which tracks the greenback against
a basket of six global peers, slipped 0.3 percent to 101.63,
extending Monday's 0.3 percent loss.
The euro climbed 0.4 percent to $1.0613 on
Investors' quest for safety was a boon for gold,
which added 0.5 percent to hit its highest price in more than a
month, and lingered close to that level at $1,187.05 an ounce.
(Reporting by Nichola Saminather; Editing by Simon
Cameron-Moore and Kim Coghill)