Hopes for U.S.-China trade progress push global stock index to record high
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NEW YORK (Reuters) - MSCI's global stock index hit a record high on Thursday and the U.S. dollar gained along with U.S. Treasury yields after reports the United States has reached in principle a "phase one" trade deal with China. Citing two people familiar with the trade negotiations, Reuters reported that the United States had offered to cut existing tariffs on Chinese goods by as much as 50%, and to suspend new tariffs due to kick in Sunday with an aim to securing a deal.While the U.S...