US STOCKS-Wall St set to open lower ahead of Fed meet

martes 14 de junio de 2016 08:52 GYT

* May retail sales rise 0.5 pct vs est. 0.3 pct

* German bond yields fall below zero

* Baidu falls after lowering current-quarter forecast

* Indexes down: Dow 51 pts, S&P 6.5 pts, Nasdaq 15.75 pts (Adds details, comments, updates prices)

By Yashaswini Swamynathan

June 14 (Reuters) - Wall Street was set for a lower opening for the fourth straight day as investors awaited the Federal Reserve's policy meeting and a referendum on Britain's European Union membership.

The Federal Open Market Committee (FOMC) will commence its two-day meeting on Tuesday to decide whether the U.S. economy has recovered enough to be able to absorb an interest rate hike.

While traders have discounted a hike this month, they will parse Fed Chair Janet Yellen's speech at a conference on Wednesday for clues on the health of the economy and the trajectory of hikes.

Yellen, who had been dropping hints last month of a rate hike in the near term, toned down her comments after a dismal May employment report set off fresh concerns of the strength of the economy.   Continuación...