Global stocks rallied as China pledged fiscal stimulus and traders increased bets on interest-rate cuts by major central banks. The S&P 500 futures rose 0.8%, while Nasdaq 100 contracts jumped 1.5%. European stocks also surged, with the Stoxx 600 approaching record highs. Markets are optimistic following China’s commitments and expectations of easing from the Federal Reserve and European Central Bank.

China’s Politburo sparked a local market rally, though concerns remain over long-term growth. Traders are also focused on upcoming US jobs data and a speech by Fed Chair Jerome Powell for further clues on the global economic outlook.