European markets seen lower after Fed announces faster-than-expected tightening

European bourses are set to open lower on Thursday after the U.S. Federal Reserve announced a 25 basis point rate increase and opened the door to three hikes next year.

The FTSE 100 is seen 18 points lower at 6,945, the German DAX should start 4 points lower at 11,262 and the CAC should be unchanged at 4,774.

The announcement of a rate hike in the U.S. sent the dollar to a 14-month high but led Wall Street to close lower.

In Europe, Centrica, Petrofac and RusHydro are presenting their latest corporate figures on Thursday.

Also on Thursday’s calendar, the Bank of England monetary policy committee is presenting its latest interest rate decision, with the publication of its latest minutes.

European leaders are gathering in Brussels for a summit where they will discuss relations with Russia and how to organize negotiations for the Brexit process.

Source: CNBC