RPT-GLOBAL MARKETS-Asian shares rise, dlr stays lows on euro

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By Jacqueline Wong

SINGAPORE, April 17 (Reuters) - Japan's Nikkei share average rose 2 percent on Thursday, buoyed by confidence on Wall Street after reassuring earnings eclipsed weak data on the U.S. economy which pinned the dollar near record lows on the euro.

Encouraging results from Intel Corp (INTC.O: Quote, Profile, Research, Stock Buzz), IBM (IBM.N: Quote, Profile, Research, Stock Buzz) and JPMorgan Chase & Co (JPM.N: Quote, Profile, Research, Stock Buzz) helped overshadow mostly gloomy economic news on the world's largest economy.

A sharp fall in U.S. housing starts and data that showed home building sank to a 17-year low on Wednesday reinforced expectations the Federal Reserve would cut interest rates again.

Oil CLc1 hovered around $115 a barrel, off a record high, while gold <XAU=> steadied after climbing more than 2 percent the day before, supported by a weak dollar.

Japanese stocks climbed led by high-tech shares such as TDK Corp (6762.T: Quote, Profile, Research, Stock Buzz) and Canon Inc (7751.T: Quote, Profile, Research, Stock Buzz) after earnings from U.S. blue chips soothed investors concerned about corporate profitability amid a weak U.S. economy.

"Earnings at U.S. companies have generally been better than expected, though worries about Citigroup's earnings remain," said Yoku Ihara, manager of the investment information department at Retela Crea Securities.

By the midday break, the benchmark Nikkei average .N225 was up 2.3 percent at 13,452.23 after ending up 1.2 percent on Wednesday.