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U. S. budget optimism send shares, euro up

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LONDON (Reuters) – World shares hit 17-month highs and the euro surged on Wednesday on hopes that U. S. politicians will reach a budget deal and that further monetary stimulus will come from Japan. European shares extended their recent rally in early trading with the FTSEurofirst 300 index near an 18-month high ahead of the German Ifo survey, which is likely to point to a gradual improvement in business conditions for December. "What is important, and what is driving the market higher, is that the two parties (in the U. S. . . .

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