World shares were mostly higher on Monday as China’s leaders began a major meeting expected to bring fresh pledges of help for the world’s second-largest economy. Oil prices gained more than $1 a barrel after the OPEC+ oil producing nations said they would extend production cuts until the end of the year. No reason was given for the move, which came ahead of the U.S. presidential election on Tuesday.
U.S. benchmark crude oil gained $1.41 to $70.90 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, picked up $1.37 to $74.47 a barrel. In early European trading, Germany's DAX slipped 0.1% to 19,228.81, while the CAC 40 in Paris edged 0.1% lower to 7,401.11. Britain's FTSE 100 rose 0.3% to 8,199.56. The future for the S&P 500 inched up 0.1% while that for the Dow Jones Industrial Average fell 0.2%.
