Skip to content
Subscriber Only

Bonds Fall, Euro Trims Drop as Tapering Bets Roil Global Markets

  • ECB may gradually wind down bond buying before QE ended
  • Most Asian futures track U.S. stock losses; yen declines
Video player cover image

Juckes: Pound's Fall All About Psychology at This Point

Updated on

Fresh reminders that central banks may be starting to map their retreat from extraordinary stimulus measures sent a shock wave through markets, roiling bonds, currencies and equities.

Global bonds declined, the euro rebounded from its lows of the day and stocks came under renewed pressure after Bloomberg News reported the European Central Bank is likely to gradually taper asset purchases as it ends quantitative easing. Officials who asked not to be identified didn’t exclude that the program could still be extended past the current end-date of March 2017 at the full pace of 80 billion euros ($90 billion) a month. Oil also retreated.