GLOBAL MARKETS-Fed taper concern boosts dollar, weigh on stocks
* MSCI World Index on track for worst 2 weeks since June
* Dollar hits 5-year high versus yen
By Toni Vorobyova
LONDON, Dec 13 (Reuters) - Global equities headed for their
biggest two-week drop since June and the dollar hit 5-year highs
against the yen on Friday amid concern the U.S. Federal Reserve
could start scaling back its stimulus as early as next week.
Stronger-than-expected U.S. retail sales data during the
previous session, coming after last week's forecast-beating jobs
report, have increased speculation the Fed will start winding
down its bond purchases soon. That would reduce the stimulus
that helped to drive global equities in recent months.
"It's a tighter one than we originally thought. The data,
especially the employment data and the retail sales, has been so
strong that there is a reasonable probability of them actually
making a taper and actually doing something in December," Alan
Higgins, chief investment officer, UK, at Coutts.
Such concerns saw U.S.-based funds pull $6.51 billion out of