GLOBAL MARKETS-European shares pick up, dollar gains before quarter-end – ZAWYA

GLOBAL MARKETS-European shares pick up, dollar gains before quarter-end – ZAWYA

GLOBAL MARKETS-European shares pick up, dollar gains before quarter-end | ZAWYA MENA Edition HomeMarketsEquitiesArticleGLOBAL MARKETS-European shares pick up, dollar gains before quarter-end European shares picked up on Tuesday after a weak start    LONDON- European shares picked up on Tuesday after a weak start, extending the optimism of the Asian session, and oil prices steadied as investors looked for signs of an economic recovery in the second half of 2020.The MSCI world equity index, which tracks shares in 49 countries, was up about 0.1% at 1056 GMT, after Asian shares rose on strong data from the U.S. housing market and Chinese factories. European shares continued the rally. World shares are down around 8% so far this year, having slumped 35% between Feb. 20 and March 23 in the most destructive sell-off since the Great Depression. But the world equity index is up 17.5% this quarter - on track for its biggest quarterly gain since the second quarter of 2009.The MSCI world equity index, which tracks shares in 49 countries, was up about 0.1% at 1056 GMT, after Asian shares rose on strong data from the U.S. housing market and Chinese factories. European shares continued the rally. LONDON- European shares picked up on