European shares climbed 1 percent on Monday, boosted by upbeat euro zone data, while the dollar steadied after falling late last week on a renewed call by China for a super-sovereign reserve currency.

World stocks rose on Wednesday from the previous day’s six-year lows after Federal Reserve chairman Ben Bernanke signaled nationalization of big banks was not at hand, while the yen fell across the board.

MSCI world equity index up 0.9 percent at 192.09, Hopes for interest rate cuts cushion economic gloom, Government bonds rally; oil rises from 3-1/2 year low