New York — World stocks climbed, along with the US dollar and bond yields on Friday, as investors anticipated US President Donald Trump could make progress on his fiscal plans after the US Senate approved a budget blueprint that paves the way for tax cuts. US Republican senator Rand Paul appeared to back the administration’s sweeping tax cut plan, saying he was "all in" for enormous tax cuts, even as the Senate passed a key budget measure without his support one day earlier. Equities rose on Wall Street, with financials — expected to benefit from the administration’s proposed policies — up 1% as the best performer of 11 major S&P sectors. But gains were curbed by declines in healthcare stocks, off 0.1%, and General Electric, which lost 2.1% after its third-quarter results and forecast cut. "Investors need to see more than some progress, investors need to see a higher degree of certainty that there is a tradable narrative underpinning the market," said Peter Kenny, senior market stra...
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