World markets head lower as Federal Reserve taper fears realised

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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 ImagesEuropean 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 last week, economic data from the US, Europe and China has all suggested that the rate at which major economies have been recovering in recent months is slowing.Alongside this, research was released on Wednesday which suggested that people who become infected with the Delta variant of COVID even after being fully vaccinated may still pass the virus on.The research showed levels of the virus could be just as high in people who get COVID despite having both jabs as in those who haven't been vacc
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