US STOCKS-Futures fall as oil weighs, Fed notes global growth fears
* Futures down: Dow 127 pts, S&P 15 pts, Nasdaq 32 pts
By Tanya Agrawal
Aug 20 (Reuters) - U.S. stock index futures fell sharply on Thursday, a day after minutes from the latest Federal Reserve meeting highlighted concerns over the state of the global economy and as oil prices hit their lowest since 2009.
* U.S. policymakers continued to express broad concerns about lagging inflation and the weak world economy even as the job market improved further.
* Traders scaled back bets the Fed would raise interest rates in September after the minutes. They now see a 35 percent chance of a rate hike next month, down from 46 percent on Tuesday.
* The dollar index fell after the minutes were released on Wednesday. Wall Street briefly turn positive after the minutes, but closed lower, weighed down by oil prices and a fall in materials and energy stocks.
* The Dow Jones industrial average is poised to stay below its 200-day moving average for the 13th session in a row. The last time this happened was in August-September 2011, when the index stayed below its 200-day average for 59 sessions.
* World bourses were trading lower too. Shares in Asia hit a two-year low, German stocks were on track for their worst month in over three years, and British stocks slumped to their lowest since January.
* Fears of slowing growth in China, which carried the global economy following the 2008 international financial crisis, has also affected commodities. Continuación...