European stock markets fell sharply at the start of the session (-0.8% in the Dax, -0.98% in the Cac40, -0.85% in the Ftse100 and -1% in the Ftse Mib in Milan). Wall Street futures are trading just below par (-0.02% on the Dow Jones and -0.08% on the S & P500) after a more hawkish-than-expected Fed.