Asian shares posted gains on Monday and the euro rose to four-month highs, as EU leaders appeared to make some headway after three days of haggling on a plan to revive their economies, even as coronavirus cases increased in many countries.

Dutch Prime Minister Mark Rutte said EU leaders were making progress but warned discussions could still fall apart, while summit chairman Charles Michel urged them to make one last push on “mission impossible”.

European markets were set to open higher with pan-region EuroSTOXX 50 futures, German DAX futures, and FTSE futures all trading up 0.2%, reversing earlier losses during Asia trade.

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