Can you taper up? Oil Prices rebounded after a big fall in part because of a misunderstanding. Apparently you can taper up as well as taper down in what I guess you can call the tale of the taper.
Traders have a number of economic reports to watch for next week including GDP, pending home sales and personal spending reports.
The yen climbed the most in almost three months versus the dollar as risk appetite shrank, with Japanese stocks tumbling after a technical signal that they had gained too much, too fast.
Canada vowed to escalate a dispute with the U.S. over plans to impose stricter country-of-origin labeling rules for meat.