European shares rose to within striking distance of their highest levels in more than a year on Friday while the dollar was buoyant as investors cheered upbeat Chinese trade data and hopes of business-friendly tax cuts in the United States.
President Donald Trump said on Thursday that in coming weeks he would announce something “phenomenal” in terms of tax although he offered no further details.
Renewed speculation that Trump’s economic policies will help boost economic growth and inflation pushed U.S. Treasury yields higher and lifted the dollar.
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