The US stocks climbed on Thursday as traders awaited the latest twists on global trade and digested Treasury yields approaching their highest level this year. The dollar remained under pressure. The Stoxx Europe 600 Index gained along with U.S. futures and most equities in Asia as China was said to be planning to cut the average tariff rate it charges on imports from the majority of its trading partners as soon as next month. The yield on 10-year Treasuries was steady, holding well above the 3 percent mark after approaching its highs for the year on Wednesday. Equity markets have so far remained resilient in the face of rising bond yields, suggesting investors are comfortable with the outlook for corporate earnings and global growth even as borrowing costs rise along with trade tensions. Read more:
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