Leading shares are set to start the session weaker, hit by heavy falls on Wall Street overnight, as the Fed signalled more interest rate hikes are on the way, dealers said. According to CMC, the FTSE 100 will open 19 points lower at 5,094 after closing yesterday at 5,113.2. Meanwhile, New York suffered hefty falls after the Federal Open Market Committee ordered yet another quarter-point rate hike and disappointed investors by indicating more increases are on the way. Stock market players were resigned to the quarter-point increase, one of nine straight rate hikes in a row. But some had hoped that the Fed would drop strong hints that the tightening cycle will end soon. Instead, the market seized on a remark that monetary policy will remain accommodative -- a reference to the likelihood of more rate hikes. And in Asia, Japan's Nikkei ended the morning up 63.09 points at 11,647.10, while the Hang Seng was closed for a public holiday. Back in London, on the economic front, investors will look to June manufacturing PMI to provide some further direction, and the the fact oil is now trading below 57 usd a barrel should continue to offer a degree of support essentially across the board.