World markets head lower as Federal Reserve taper fears realised

Jerome Powell, chairman of the Federal Reserve

Jerome Powell, chairman of the Federal Reserve. The Fed’s meeting notes showed that officials agreed on slowing the pace of bond purchases later this year. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

European markets declined on Thursday morning in London, pulling back after anxiety shook Wall Street about the potential tapering of bond purchases. 

The FTSE (^FTSE) was down 2.1% by 9.40am, Germany’s DAX (^GDAXI) was down 1.7% and the CAC (^FCHI) was almost 2.8% lower. 

Over the…


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