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After a poor first half due to poor weather and a weak yen. Fingers crossed, everybody, that today will be the end when we have to the end of time when we can stop talking about taper. Set taper gossip giving away to cold, hard facts when the feds twoday meeting concludes. The fass dak being up at a 15year peak on tuesday, u. S. Treasuries up for the fifth day in a row and the nikkei up on an eightweek high. Investors appeared calm by the prospects of a modest scale back of stimulus. But what if recent data turns paper light into paper zero . Get a look at some of the estimates for more. Cnbc. Com. Right now for more we have our own inhouse expert here in london. Karen has all the details. These are the estimates to how much the fed will taper. We have got first up let me run you through the numbers. Warptants expect 14. 5 billion to be taken off the table, up absolutely from the Previous Survey which averaged just over 12 billio ....
This is todays Worldwide Exchange. Im ross westgate. European stocks plunge as the prospects of political gridlock in italy sends jitters through the market. Italian banking stocks leading the way lower. The center Left Coalition win tess lower house, but no one has secured an obvious majority in the senate. Sylvia berlusconi has hinted he could be open to an alliance. Japans big exporters like sony and rico take it on the chin. And ben bernanke heads to capitol hill today to try to provide some soothing words about fed policy and calm investors fears about weak global growth. Youre watching Worldwide Exchange, bringing you Business News from around the globe. Welcome to todays program. Were over an hour of trade in europe. The voft majority of the dow jones ....