This is Beijing’s ‘Whatever It Takes’ moment.”The meeting’s minutes included calls to increase the scale of monetary policies, halt the decline in the real estate market, and promote stabilization and expand loan issuance to certain property projects.

Indexes rallied Thursday amid a surprise fall in jobless claims and promises from China to further invigorate the country's sluggish economy.

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.