Tapering talk is back
European stock markets are trading higher during the early hours of trading. Investors have congregated their momentum from the Asian trading session where all of the indices closed up for another day. The tapering talk picked up its steam once again after last night when the FOMC member Lockhart confirmed that the incoming data is not sufficient enough for Fed to trigger the button on tapering in their next September meeting. However, he confused the investors later by saying that the tapering could take place in any of next three FOMC ‘s meeting and blamed this is due to the bumpy nature of the economic data index.