European shares track Asia gains on rebound optimism

European shares crept higher on Monday, tracking gains in Asia that were fuelled by optimism over a rebound in China's economy, while investors remained cautious about a surge in domestic coronavirus cases. The pan-European STOXX 600 was up 0.3% at 0702 GMT, with telecom and auto stocks leading gains. The benchmark index ended Friday with its second consecutive week of gains on bets of more U.S. fiscal stimulus and growing expectations of a Democratic victory in the U.S. presidential election.