* European stock futures down 1%
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EUROPE IN THE RED AFTER HAWKISH FED (0528 GMT)
The European stock futures fell as Wall Street and Asian
stock markets showed a significant adverse reaction to last
week's Federal Reserve sudden hawkish turn.
Investors brace themselves ahead of Fed speakers due this
week after St. Louis Fed President James Bullard spooked markets
on Friday by saying a faster tightening of monetary policy is a
"natural" response to economic growth and quicker inflation.
A correction of equities doesn't come as a surprise after
their strong run for such an extended period, with analysts
flagging that, as of now, market action is not disorderly.
(Stefano Rebaudo)
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