U.S.-listed Chinese stocks moved higher in pre-market trading after Bloomberg News reported that China is considering raising its 2023 budget deficit and adding a new round of stimulus measures. Stock index futures this morning are slightly higher on the prospects for additional Chinese stimulus, which would be favorable for global growth after Bloomberg reported that China is preparing to unleash a new round of stimulus to support its economy. Stock gains were limited by ongoing Middle East turmoil and the IMF’s cut in its global 2024 GDP forecast and hike in its inflation forecast.