New York — US stocks rose along with Treasury yields on Friday, the last day of a choppy trading week, as investors awaited Donald Trump’s presidential inauguration later in the day. The dollar, which has lost some of its momentum in recent weeks, was off 0.03% against six major currencies. There has been a pause in the post-election market rally in risky assets such as equities amid questions over how Trump’s administration will carry out ambitious campaign promises of lower taxes, more government spending and looser regulations. The MSCI all world stock index was up modestly by 0.38% but was poised for a weekly decline. Caution ahead of the former reality TV star’s impending inauguration speech offset better-than-expected economic data from China and comments from Federal Reserve Chair Janet Yellen, in which she sounded less hawkish than the previous day. "All eyes will be on the content and style of Trump’s inauguration speech," Morgan Stanley strategists led by Hans Redeker wrot...
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