US STOCKS-Futures at one-month lows after Fed minutes; banks drop

jueves 13 de octubre de 2016 07:31 GYT
 

* Futures down: Dow 93 pts, S&P 11.5 pts, Nasdaq 28.25 pts

By Yashaswini Swamynathan

Oct 13 (Reuters) - U.S. stock index futures were trading at one-month lows on Thursday as Deutsche Bank weighed on financial stocks, while the Federal Reserve's minutes revealed a stronger resolve to raise interest rates soon.

* Deutsche Bank's Frankfurt-listed stock fell 2.5 percent after sources told Reuters that the bank was introducing a hiring freeze as it seeks to cut costs amid a deep strategic overhaul.

* The bank's U.S. shares were down 2.6 percent in heavy premarket trading, dragging down Citigroup, Goldman Sachs and Bank of America.

* Chinese data showed that exports fell sharply in September, reviving concerns about the health of the world's second-biggest economy.

* The Fed on Wednesday released the minutes of its last rate-setting meeting, which showed that several policymakers felt a rate hike was warranted "relatively soon" if the U.S. economy continued to strengthen.

* Traders have ruled out the possibility of a rate increase during the Fed's November meeting, which falls days before the Nov. 8 U.S. presidential election. However, the odds for a December move are at 70 percent, according to the CME Group's FedWatch tool.

* Fed Chair Janet Yellen could offer more insight into the central bank's latest thinking when she speaks in Boston on Friday.   Continuación...