Wall Street looked set to open flat on Wednesday, as the market rout continued in Asian and European stock markets.
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The minutes from the Federal Open Market Committee (FOMC)'s meeting in September will be the main point of interest on Wall Street, and are out at 2 p.m. ET. They come after a global risk sell-off on Tuesday that saw the S&P 500 fall 1.5 percent to clock up its sixth worst day of the year.
"The market may well have got ahead of itself following September's meeting that saw the "dots" point to a more hawkish Federal Reserve and suggestions that rate hikes might come sooner and be more frequent than was previously thought," said Angus Campbell, a senior analyst at FxPro, in a note on Wednesday.
Also, Wednesday will see Alcoa unofficially kicking off third-quarter earnings season, with numbers out after Wall Street closes.
"We think company analyst estimates have not fully adjusted to a stronger U.S. dollar and weaker international economic conditions," said Barclays equity strategist Jonathan Glionna in a note.