GLOBAL MARKETS-Global stocks slip as concerns about China mount, US futures flat

Investors were waiting for minutes from the Federal Reserve’s July meeting, due out later on Wednesday. “Much of the decline is explained by continuing concerns surrounding the economic slowdown in China, as well as rising tensions with the U.S.,” said Thomas Gehlen, senior market strategist at Kleinwort Hambros. China’s new home prices fell for the first time this year in July, data showed on Wednesday.