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Bets that the European Central Bank chief, Mario Draghi, will open the door wider to US-style money printing pinned the euro at a two-year low and lifted world shares on Thursday, as China and Japan also geared up for more stimulus.

Asian stocks rose on Thursday amid fresh signs of resilience in the US economy, while the euro wallowed near two-year lows before a much-anticipated European Central Bank meeting that could open the door to more stimulus.

Tokyo’s Nikkei climbed 0.7 per cent, touching a new seven-year high, with sentiment buoyed by media projections suggesting a strong win for Japanese premier Shinzo Abe’s coalition at the December 14 election. A victory for Abe could lead to a new mandate for his “Abenomics’’ policies to revive the economy.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4 per cent, while Australian shares were up 0.5 per cent.

The improved mood was helped by the Dow and S&P rising to record highs overnight after private payrolls and services sector data underscored the US economy’s resilience.

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