* MSCI World up 0.3% following Asia gains
* Dollar down 0.1%, eyes weekly gain
* Oil up on U.S. supply concerns
* U.S. stock futures up 0.4% ahead of the open
By Simon Jessop
LONDON, Sept 10 (Reuters) – Global shares rose and the dollar edged lower on Friday as news of a call between Xi Jinping and Joe Biden offered some relief to traders eyeing cautious central bank steps towards ending stimulus.
The U.S. president and his Chinese counterpart on Thursday spoke for 90 minutes in their first talks in seven months, discussing the need to avoid letting competition between the world’s two largest economies veer into conflict.
That helped China shares rise 0.9%, giving a fillip to the region and lifting MSCI’s World index , its broadest gauge of global stock markets, up 0.3%, on course to end a three-day losing streak.
Despite the gains, helped by a similar performance across Europe’s top markets,…