Stocks bounce despite Fed minutes hinting at tapering

Stocks bounce despite Fed minutes hinting at tapering

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UK and European stocks are bouncing back a little this morning despite minutes from the US Federal Reserve’s April meeting that hint it could begin discussing a plan to taper its asset purchasing program “at some point.”

The market sell-off yesterday seemed to be due to a sharp decline in crypto currencies. Equities appear to be more resilient today as there has been a further fall in crypto.

US weekly jobless numbers are released today, a closely followed metric that can provide clues regarding the pace of economic recovery.

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