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Stocks depressed, dollar up on Fed taper talk
[Reuters] - Global equities headed for their biggest two-week drop since June and the dollar hit 5-year highs against the yen on Friday amid concern the U.S. Federal Reserve could start scaling back its stimulus as early as next week. Stronger-than-expected U.S. retail sales data the previous session, coming after last week's forecast-beating jobs report, has increased speculation the Fed will start winding down its bond purchases soon. That would reduce the stimulus that helped to drive global equities in recent months.
http://us.rd.yahoo.com/finance/news...ares-frozen-fed-headlights-yen-073323333.html
[Reuters] - Global equities headed for their biggest two-week drop since June and the dollar hit 5-year highs against the yen on Friday amid concern the U.S. Federal Reserve could start scaling back its stimulus as early as next week. Stronger-than-expected U.S. retail sales data the previous session, coming after last week's forecast-beating jobs report, has increased speculation the Fed will start winding down its bond purchases soon. That would reduce the stimulus that helped to drive global equities in recent months.
http://us.rd.yahoo.com/finance/news...ares-frozen-fed-headlights-yen-073323333.html
