Global stocks rally, safe-haven currencies drop, on China plan to cut tariffs
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NEW YORK (Reuters) - World equity markets rallied for a fourth day on Thursday, with key stock indexes touching fresh peaks, as news that China plans to cut tariffs in half on some U.S. goods buoyed risk sentiment and pushed safe-haven currencies lower.The yield on Germany's benchmark 10-year Bund touched its highest in almost two weeks and U.S. Treasury yields rose as investors bet China's efforts to contain the deadly coronavirus would mitigate its impact on the global economy.The death toll..