Isn't it amazing what a country that saves and produces can do to stimulate its economy and the world => China (who btw didn't bring us the sub-prime crisis...)

European equity futures climbed, the euro advanced to a two-month high against the yen and commodities rallied as China said it will help Europe resolve the debt crisis. 

Asian stocks jumped the most in four weeks.

Euro Stoxx 50 Index futures added 0.8 percent as of 7:02 a.m. in London. The MSCI Asia Pacific Index (MXAP) advanced 1.8 percent and Standard & Poor’s 500 Index futures added 0.5 percent. German 10-year bund yields rose two basis points to 1.92 percent. The euro climbed 0.4 percent against the yen. Copper snapped a three-day losing streak, rising 0.7 percent. Oil increased 0.8 percent to $101.56 a barrel.
China, which holds the world’s largest currency reserves, can provide help through avenues including the central bank and its sovereign wealth fund, said People’s Bank of China Governor Zhou Xiaochuan. The nation is willing to get “more deeply” involved in helping Europe deal with its debt crisis, Premier Wen Jiabao said yesterday. The leaders of Greece’s two biggest political parties will provide written commitments to budget cuts, according to a government official in Athens.

“China could make Europe’s problems go away,” said Peter Jolly, head of market research at National Australia Bank Ltd. in Sydney. “They have the funds. To the extent that China will participate in the European solution, it takes away some of the flight to quality in Treasuries.”