US STOCKS-Futures fall on China worries, N.Korea nuclear test

miércoles 6 de enero de 2016 07:58 GYT
 

* Futures down: Dow 261 pts, S&P 32.5 pts, Nasdaq 78.25 pts

By Tanya Agrawal

Jan 6 (Reuters) - U.S. stock index futures were sharply lower on Wednesday as China allowed its currency to weaken further and oil prices fell to their lowest in more than 11 years.

* North Korea's announcement that it had successfully conducted a test of a hydrogen bomb added to geopolitical worries stirred by a row between Saudi Arabia and Iran.

* The People's Bank of China on Wednesday set the yuan's official midpoint rate at its weakest level in 4-1/2 years, while a PMI survey showed services sector activity expanded at its slowest rate in 17 months in December in the country.

* U.S. stocks closed slightly higher on Tuesday, stabilizing after a weak start to the new year, though investor nervousness stayed high.

* The year was off to a shaky start after poor economic data from China reignited fears of a global economic slowdown and as the dip in oil prices show no signs of abating.

* Investors will also keep an eye out for a host of U.S. data scheduled to be released during the day. The Federal Open Market Committee issues minutes from its meeting of Dec. 15-16, where it raised interest rates for the first time in nearly a decade.

* The ADP National Employment Report for December is likely to show an addition of 192,000 jobs. The data, expected at 8:15 a.m. ET (1315 GMT), comes ahead of a more comprehensive non-farm payroll report on Friday.   Continuación...