European markets set to drop sharply at the open following U.S. sell-off

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European markets set to drop sharply at the open following U.S. sell-off
France Dernières Nouvelles,France Actualités
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European stocks are expected to open sharply lower on Thursday following losses stateside Wednesday.

The Fed's plan to reduce the number of Treasurys and mortgage-backed securities it holds comes as it is already tapering its bond purchases and is set to hike interest rates after the taper concludes.

Major indexes on Wall Street fell sharply following the release of the minutes, with the S&P 500 dropping 1.94% to 4,700.58. The Dow Jones Industrial Average fell 392.54 points to 36,407.11 while the tech-heavy Nasdaq Composite plunged 3.34% to 15,100.17. U.S. stock futures were muted in overnight trading Wednesday.

Data releases in Europe on Thursday include German industrial orders for November and euro zone producer prices for the same month.Sign up for

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