Scoreboard: Taper angst

An upbeat Beige Book and strong growth in US jobs and housing sent taper fears through global markets.

The bad news is that stocks fell again overnight and once again moves were decent. In Europe the major indices were off between 0.3 per cent and 0.9 per cent, while on Wall Street we are looking at falls around the 0.5 per cent mark with an hour left to trade.

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