* Asian stock markets: https://tmsnrt.rs/2zpUAr4
* MSCI Asia-Pacific index little changed, Nikkei adds 0.2 pct
* Recent positive signs for global economy curb stock losses
* Oil falls further amid prospect of Russia, OPEC raising output
By Shinichi Saoshiro
TOKYO, April 16 (Reuters) - Asian stocks hovered below a nine-month high on Tuesday after disappointing bank earnings dented Wall Street, though recent signs that the global economy is likely to avoid a sharper downturn helped limit the losses.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was little changed by mid-morning.
The index had risen to its highest level since July 2018 the previous day after strong export and banking data from China last week eased investors' concerns about the health of the world's second-largest economy.
Expectations that Chinese and U.S. trade negotiators would strike a deal soon also lifted market confidence.
The Shanghai Composite Index .SSEC lost 0.1 percent. South Korea's KOSPI .KS11 fell 0.1 percent, Australian stocks added 0.5 percent .AXJO .
Japan's Nikkei .N225 edged up 0.2 percent.
"The equity markets are facing some headwinds after their recent large gains," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.
"That said, market sentiment is still relatively well supported as recent Chinese indicators proved to be strong and prompted the markets to readjust their views on the global economy."
The U.S.-China trade dispute, signs of slowing global corporate earnings and business investment have all put pressure on riskier assets in the past year, so investors have been quick to lap up positive news.
Wall Street lost ground on Monday, dragged down as underwhelming bank earnings curbed investor enthusiasm. But while all three major U.S. stock indexes edged lower, the S&P 500 .SPX remained within a percent of its record high. .N
Safe havens such as bonds, which were on the defensive following the recent improvement in investor risk appetite, were given some reprieve.
The 10-year U.S. Treasury yield US10YT=RR was at 2.550 percent, edging back from a four-week high of 2.574 percent reached on Monday.
Spot gold was a shade lower at $1,286.21 an ounce XAU= and headed for its fourth straight days of losses. GOL/
Elsewhere in commodities, the recent rally in crude oil prices halted on the prospect of Russia and OPEC boosting production to fight for market share with the United States. O/R
U.S. West Texas Intermediate crude futures CLc1 were down 0.15 percent at $63.30 per barrel after losing nearly 0.8 percent the previous day.
U.S. crude had scaled a five-month high of $64.79 earlier this month.
Oil had rallied on tightening global supplies, as output has fallen in Iran and Venezuela amid signs the United States will further toughen sanctions on those two OPEC producers, and on the threat that renewed fighting could stop production in Libya.
The dollar, which tends to underperform when risk appetite increases, was steady at 96.980 .DXY against a basket of six major currencies, extending overnight losses.
Many investors are waiting on Chinese gross domestic product (GDP) data due on Wednesday for clues on the health of Asia's giant economy, a major pressure point for global growth over the past year.
A Reuters poll forecast China's first-quarter growth to have cooled to 6.3 percent on-year, the weakest pace in at least 27 years, but a flurry of measures to boost domestic demand may have put a floor under slowing activity in March. outlook for Asia critically hinges on the outlook of China's growth and the ongoing U.S.-China trade talks. On both fronts, policymakers and investors believe that the outcome of these two issues is turning more positive," wrote strategists at Bank of America Merrill Lynch (NYSE:BAC).
The euro dipped 0.05 percent to $1.1297 EUR= and the dollar shed 0.1 percent to 111.94 yen JPY= .
The Australian dollar fell 0.4 percent to $0.7146 AUD=D4 after minutes from a policy meeting this month showed that the country's central bank thought a cut in interest rates would be "appropriate" should inflation stay low and unemployment trend higher. by Shri Navaratnam & Kim Coghill)