Short-sellers are again at the short end

the latest signals from the US Federal Reserve have reassured equity markets that the central bankwill not act rashly with its tapering objectives. Disappointing US job creation numbers has resulted in further caution, while the Delta variant of the coronavirus could cause further disruption over the Northern winter.

The Fed’s message was that monthly bond purchases may be reduced at year-end, but it will be gradual and must not be seen as indicative of any