Global stocks gain after US lawmakers inch closer toward compromise on a $908 billion coronavirus relief plan

Global stocks gain after US lawmakers inch closer toward compromise on a $908 billion coronavirus relief plan

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Global stocks rose on Friday as fresh talks on US coronavirus federal relief lifted investor sentiment.Senate Minority Leader Chuck Schumer and House Speaker Nancy Pelosi spoke on Thursday for the first time since the November election, adding momentum to talks on a $908 billion stimulus deal.Senate Majority Leader Mitch McConnell was said to be "heartened" that Democrats are stepping away from the $2.4 trillion proposal they made in October.Oil prices hit their highest since the pandemic began after the OPEC+ group agreed to increase output only gradually from January.Visit Business Insider's homepage for more stories.

Global stocks rose on Friday after Democrat House Speaker Nancy Pelosi and Republican Senate Leader Mitch McConnell raised fresh hopes for a stimulus package to protect the US economy from the impact of a resurgence of the COVID-19 virus.

Both leaders embraced a $908 billion coronavirus relief plan on Wednesday. They spoke for the first time since the presidential election on Thursday, with McConnell saying they're both interested in getting an outcome on two issues: federal relief and spending bills required to prevent a government shutdown, according to the New York Times.

Futures tied to the Dow Jones, S&P 500, and Nasdaq rose