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EUR Surges On Report ECB Near Consensus To Taper QE Before Its End

It has been a rollercoaster ride for stocks so far, and just as ES was ramping back to intraday highs, moments ago Bloomberg blasted a headline which surprised market watchers, according to which none other than the ECB may follow the BOJ in tapering its QE next. ECB SAID TO NEAR CONSENSUS ON NEED TO TAPER QE BEFORE IT ENDS ECB QE TAPERING SCENARIOS SAID TO INCLUDE SLOWING BY EU10B/MTH ECB TIMING ON TAPERING SAID TO DEPEND ON ECONOMIC OUTLOOK As Bloomberg notes, there is an informal consensus among ECB policy makers is that QE will need to be wound down gradually when decision is taken to end the program, say people familiar with the matter.
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