The development of China's economic stimulus plan is one of the factors currently affecting the global market.
The People's Bank of China (PBOC) has previously been reported to be planning to implement policy easing measures as the Federal Reserve (Fed) did at last week's meeting.
Reuters and Bloomberg News reported that China is considering injecting 1 trillion Yuan or about $142 billion worth of capital into major banks in an effort to boost the economy.
The country's top leadership also held a meeting on Thursday to discuss measures to lower the reserve requirement ratio (RRR) and implement a forced interest rate cut.
Global market sentiment is considered increasingly positive following the development in China with the effect also being seen on the stock and commodity markets.
Asian stock indices are reported to have risen, and Wall Street also showed good performance despite a slight decline yesterday.
Crude oil prices were previously expected to recover with the news following the prospect of demand from China as the world's largest oil consumer also increasing.
However, on the other hand, oil prices fell further today following reports that Saudi Arabia is preparing to increase production further, ignoring the unofficial price target of $100 per barrel.
