Global stock indexes hit all-time highs on Friday after China's central bank lowered interest rates and injected liquidity into its banking system and U.S. inflation continued to ease, while Treasury yields dipped.

This week, the Chinese government unveiled a slew of stimulus measures to boost its economy and get national GDP to an annual growth target of 5%.

Chinese equities are on track for their best week since 2008 after Beijing launched an economic stimulus package including a $114bn war chest to boost the stock market.