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Stocks Fall After Fed Minutes Show Willingness to Taper in June

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  • The Australian dollar has had a swift, hard fall and now Goldman Sachs is predicting it could fall to as low as $0.80.

  • More fund managers are growing increasingly bearish on the outlook for China, believing "a hard landing" for the economy and a "commodity collapse" are currently the biggest tail risks facing markets, a monthly survey by Bank of America/Merrill Lynch show

  • Japan surpassed expectations in the first quarter, expanding at its fastest pace in a year, but an important pillar of growth was missing.

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