REFILE-US STOCKS-U.S. futures inch up with Yellen conference in focus

miércoles 17 de junio de 2015 07:42 GYT

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* Futures up: Dow 36 pts, S&P 3.5 pts, Nasdaq 3.25 pts

By Tanya Agrawal

June 17 (Reuters) - U.S. stock index futures inched up on Wednesday but investors remained cautious ahead of a Federal Reserve statement that could provide hints on the timing of a rate hike.

* Investors will scour the statement after a U.S. Federal Reserve meeting for any signs of when the Fed is likely to begin raising interest rates and the pace of any subsequent hikes.

* The Fed statement is due at 2:00 p.m. ET (1800 GMT), followed by Chair Janet Yellen's news conference half an hour later, with analysts expecting her to focus on signs the economy is recovering after a bumpy start to the year.

* U.S. stocks closed higher on Tuesday following back-to-back daily declines, with merger activity offsetting market concerns as Greece struggles to avoid a default on its debt.

* Relations between Greece and its creditors have become increasingly acrimonious in recent days, leaving little hope that a meeting of EU finance ministers on Thursday will make any progress.

* Athens needs fresh funds to avoid defaulting on a 1.6 billion euro ($1.8 billion) debt repayment to the International Monetary Fund on June 30, which could drive it towards the euro zone exit.   Continuación...