GLOBAL MARKETS-Shares rise on upbeat data but COVID-19 spike dampens sentiment

* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh
* Oil slips as Libyan oil production likely to ramp up

(Updates prices, changes comment, byline, dateline; previous
LONDON)
By Rodrigo Campos
NEW YORK, June 30 (Reuters) - A global gauge of stock
markets rose on Tuesday as investors continued to look for signs
of an economic recovery while Treasury debt prices were little
changed amid a fog of rising COVID-19 cases.
The possible return of Libyan oil production, which has been
down to a trickle since the start of the year, weighed on crude
prices.
World shares are down around 8% so far this year, having
slumped 34% between Feb. 12 and March 23, but the world equity
index is up 18% this quarter - on track for its biggest
three-month gain since the second quarter of 2009. U.S. consumer confidence rose more than expected in June,
following upbeat real estate data on Monday. Some traders said quarter-end flows were also supportive of
stock prices. Wall Street was setting up to close the quarter
with the largest gains since 1998.
"We are finishing up one of the best quarters in history, so
we wouldn't be surprised to see a little bit of window dressing
taking place on the last day," said Sal Bruno, chief investment
officer at IndexIQ in New York.
The Dow Jones Industrial Average .DJI rose 79.57 points,
or 0.31%, to 25,675.37, the S&P 500 .SPX gained 30.9 points,
or 1.01%, to 3,084.14 and the Nasdaq Composite .IXIC added
145.76 points, or 1.48%, to 10,019.91.
The pan-European STOXX 600 index .STOXX rose 0.13% and
MSCI's gauge of stocks across the globe .MIWD00000PUS gained
0.80%.
Emerging market stocks rose 0.31%. Overnight, MSCI's
broadest index of Asia-Pacific shares outside Japan
.MIAPJ0000PUS closed 0.8% higher, while Japan's Nikkei .N225
rose 1.33%.
Rising COVID-19 cases continue to show signs of a second
deadly wave of the pandemic, but markets still expect a global
economic recovery as lockdown measures ease.
Brent crude slipped as traders took profits from the
previous session and Libya's state oil company flagged progress
in talks to resume exports, potentially boosting supply. O/R
U.S. crude CLc1 recently fell 0.23% to $39.61 per barrel
and Brent LCOc1 was at $41.17, down 1.29% on the day.
U.S. Treasury yields were little changed even as stocks rose
as investors fixated on a continued surge in U.S. coronavirus
cases.
"It's not that we're not looking at the (economic data)
numbers anymore. But if we're getting data from May and early
June, they might not matter as much if we're seeing cases rise,"
said Collin Martin, fixed income strategist at Schwab Center for
Financial Research in New York.
The dollar index was in and out of negative territory as
upbeat U.S. and Chinese data left traders torn between optimism
about global growth and fears that a surge in new COVID-19 cases
could jeopardize the rebound.
The dollar index =USD fell 0.091%, with the euro EUR= up
0.05% to $1.1246.
The Japanese yen weakened 0.20% versus the greenback at
107.77 per dollar, while Sterling GBP= was last trading at
$1.2373, up 0.63% on the day.
Beijing unveiled the national security law it is imposing on
Hong Kong, punishing crimes of secession and sedition with up to
life in prison, a move expected to ratchet up tensions with the
United States, Britain and other Western governments.
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Emerging markets http://tmsnrt.rs/2ihRugV
World financial markets in 2020 https://tmsnrt.rs/2BmerLo
Global markets and the tale of two quarters https://tmsnrt.rs/381pBBe
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