China’s problems run deep, but policymakers are changing their tone. Experts are taking note but are still wary as previous moves haven’t worked.

Wall Street is trading higher before the opening bell, following global markets that surged on reports that China plans to spend billions of dollars to help rebuild the capital of state-run banks and

A global stock index reached a record high on Friday following China's stimulus boost, while Treasury yields dipped as U.S. inflation data lifted expectations of an outsized interest rate cut at the Federal Reserve's November policy meeting.

China’s shares surged on Thursday, lifting markets across Asia and Europe. Investors responded positively to new stimulus measures from Beijing. The rally was particularly strong in mainland property stocks.

Stock markets mostly rose Friday as slowing US and European inflation raised hopes of more aggressive interest rate cuts and China took measures to boost its struggling economy. Annual inflation slowed sharply in France and Spain in September,