US STOCKS-Futures fall as China weighs; Fed minutes awaited

miércoles 19 de agosto de 2015 07:23 GYT

* Futures down: Dow 57 pts, S&P 5 pts, Nasdaq 11 pts

By Tanya Agrawal

Aug 19 (Reuters) - U.S. stock index futures fell on Wednesday as Chinese stocks had another roller coaster ride and as investors await the minutes from last month's Federal Reserve meeting for clues on when interest rates will be increased.

* While the health of the U.S. economy appears to be stabilizing, the effect of the yuan devaluation and other macro factors are playing on investor's minds. The Fed minutes will be released at 2 p.m. ET (1800 GMT).

* Economists believe the Fed will probably raise rates twice this year, with the first hike coming in September. Investors are still not fully convinced of a September hike, but most are betting a rate hike will occur by the end of year.

* Chinese stocks reversed sharp declines and ended higher after the central bank injected more funds into the financial system for a second day in a bid to calm panicky markets.

* The People's Bank of China devalued the yuan last week, triggering an avalanche of selling by investors globally who feared Beijing wanted to engineer a much sharper decline to support weak exports.

* The Chinese market gyrations kept commodity prices under pressure, with oil and copper near six-year lows.

* Other data due Wednesday is expected to show consumer prices rose 0.2 percent in July, less than the 0.3 percent rise in June. The Consumer Price Index data is due at 8:30 a.m. ET.   Continuación...