Mon, Oct 20, 2014, 6:05 AM EDT - U.S. Markets open in 3 hrs 25 mins

World stocks advance on strong data, earnings

Global stocks climbed on Monday, with strong U.S. MSCI's broadest index of Asia-Pacific shares outside Japan surged 1.2 percent overnight as an upbeat survey of U.S. "Calm returns after last week's roller-coaster ride," Saxo Bank trader Andrea Tueni said. Japan's $1.2 trillion Government Pension Investment Fund -- the world's biggest, with a war chest bigger than the annual output of Mexico's economy -- is likely to raise its allocation for domestic stocks to about 25…