Trump tax cut talk, China data spur risk rally

By Saqib Iqbal Ahmed NEW YORK (Reuters) - A key index of global equity markets rose to a 20-month high on Friday, with Wall Street shares hitting records for a second straight day, as investors continued to bask in the afterglow of U.S. President Donald Trump's promise of tax reform. The dollar hovered near an 11-day high against a basket of major rivals, as Trump and Japanese Prime Minister Shinzo Abe opened two days of talks looking to cement a decades-old alliance. The MSCI's world index , wh