Europe Markets: European stocks open sharply lower after Fed minutes

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European stocks opened Thursday with heavy losses, as overseas traders had their first opportunity to react to minutes from the last Federal Reserve interest-rate setting committee.

The Stoxx Europe 600
SXXP,
-1.42%

slumped 1.2% at the open, losing ground after the Fed minutes showed the central bank may start winding down its $8.9 trillion balance sheet soon after rates start being hiked.

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