US STOCKS-Futures higher as near-term rate hike chances dim

miércoles 15 de junio de 2016 07:18 GYT
 

* Futures up: Dow 51 pts, S&P 4.75 pts, Nasdaq 11.25 pts

By Yashaswini Swamynathan

June 15 (Reuters) - U.S. stock index futures were higher on Wednesday, snapping a four-day losing streak, as investors see little room for the Federal Reserve to be able to raise interest rates in the near term.

* The Federal Open Market Committee (FOMC) will release its policy statement at 2:00 p.m. ET (1800 GMT). Fed Chair Janet Yellen is scheduled to hold a press conference at 2:30 p.m. ET.

* Yellen had hinted at higher chances of a rate hike than the markets had priced in, but weak May jobs data and the repercussions of Britain's possible exit from the European Union forced her to take a dovish stance last week.

* Investors, who see a slim chance of a hike this month, are eager to see whether the FOMC would stick to its plan for two rate hikes this year.

* The Fed raised its key overnight lending rate in December for the first time in nearly a decade, but backed away from further policy tightening this year largely due to a global economic slowdown and financial market volatility.

* Traders see a less than 40 percent chance of an interest rate increase until December, according CME Group's FedWatch tool.

* Wall Street closed down lower for the fourth straight day as worries of Brexit seeped deeper into market psyche and drove investors towards safe-haven assets such as gold and the Swiss franc.   Continuación...