US STOCKS-Futures slightly higher ahead of Fed minutes

miércoles 20 de mayo de 2015 07:35 GYT

* Futures up: Dow 5.25 pts, S&P 0.75 pts, Nasdaq 0.07 pts

By Tanya Agrawal

May 20 (Reuters) - U.S. stock index futures were slightly higher on Wednesday, a day after the Dow closed at a record high for the second straight day and ahead of the release of minutes from last month's Federal Reserve meeting.

* Investors will keep a keen eye on the minutes for any clues on the timing of an increase in interest rates. The minutes are expected to be released at 2:00 p.m. ET (1800 GMT).

* Economic growth slowed to a crawl in the first quarter and the Fed has said it will raise rates only when data suggests that the economy is strengthening.

* Recent data has painted a mixed picture. Consumption, business spending and manufacturing data has suggested the economy is struggling, but housing starts data was strong.

* A rate hike is not likely to be appropriate until early 2016, Chicago Fed President Charles Evans said.

* The Dow Jones industrial average closed at a record high for the second straight day on Tuesday. Earlier in the session, it hit an all-time intraday high of 18,351.36.

* The euro slid to a two-week low and a rally in European shares stalled on Wednesday after a Greek official said the country may not make an upcoming repayment to the International Monetary Fund.   Continuación...