Shares of Hermes, Richemont, and LVMH soared this week on hopes China's new stimulus will lead to more spending.

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.

Key Takeaways Shares of Wynn Resorts, Las Vegas Sands, and MGM Resorts International have been lifted by China's measures to boost its economy.The steps by Beijing are expected to boost business at their casinos in Macau.