Global shares advance on stimulus, Biden victory hopes

Global shares advance on stimulus, Biden victory hopes

European shares are expected to open higher with Euro Stoxx50 futures rising 0.1% in early trade.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.34%, inching closer to its Aug. 31 peak, which was its highest level since March 2018. China's CSI300 index gained 3.17% after the Golden Week holidays.Futures for the S&P 500 gained 0.39% but Japan's Nikkei bucked the trend to fall 0.12% after hitting a 7 1/2-month high."Markets are starting to assume a Biden victory," said Osamu Takashima, chief FX strategist at Citigroup Global Markets Japan.U.S. President Donald Trump on Thursday said talks with Congress had restarted on targeted fiscal relief, after calling off negotiations earlier this week.House of Representatives Speaker Nancy Pelosi expressed confidence about reaching an agreement on the amount of aid in new legislation.