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Turkeys central bank hiking all of its key Interest Rates. Policymakers ignoring the warning if it is Prime Minister as they battle to defend the overnight lending rates. That was a much sharmer move thats economists have been forecasting. Also the imfs top financial counselor says the recent volatility in World Markets is due to problems in particular world countries and is not linked to the feds decision to start tapering. The imf officials argue that the fed is acting prudently. And speaking of the u. S. Central bank, fed is wrapping up its twoday meeting this afternoon. This as Ben Bernankes final meeting as chairman. That policy announcement is due at 2 00 p. M. Eastern time. Will they or wont they taper the taper . That is the question today. The u. S. Equity fu ....
To miss expect ages. And concern over emerging market volatility takes center sage at the World Economic forum in dalia. Philippines looks poised to ride out the storm for now. A very good morning to you. We kick off with the ia global report for august. Global supply down by 570,000 barrels a day because of rising tension over syria and a mere total cut in libyan production which sent oil futures higher. Global supply, they say, is estimated to just over 91 Million Barrels a day. With both opec and nonopec nations registering declines. The russian proposal on syria tries to gain traction. The agency, a little bit more positive about supply increases in the fourth quarter. Antwaan house, the editor of the world Market Report will be on european closing bell tonight at 7 35 cet. Brent currently trading at 111. 67. We did ....