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Private payrolls processor ADP is expected to
report that private firms added more jobs in April than in March
and the numbers will serve as an early snapshot into the larger
U.S. employment situation ahead of more comprehensive data on
Friday.
The data is expected at 8:15 a.m. ET.
Federal Reserve Chair Janet Yellen will speak at a conference
later in the day and markets will be sensitive to any cues on
the timing of a rate hike.
European equity indexes rebounded in choppy trade on Wednesday
as strong euro zone services data and corporate results offset a
sell-off in the region's government bonds and a rise in the
euro.
U.S. stocks finished sharply lower on Tuesday after a
surprisingly wide March U.S. trade deficit raised concerns that
the economy shrank in the first quarter.
MoneyGram soared 23.3 percent to $9.62 in premarket trading
after Bloomberg reported that Western Union <WU.N> was
considering buying its smaller rival.
Herbalife <HLF.N> jumped 14.3 percent to $45.81 after the
weight-loss and nutritional products maker raised its full-year
profit forecast.
Synageva BioPharma soared 41 percent to $134.98 after Alexion
offered to buy the company at a 135.7 percent premium to
Tuesday's close. Alexion was down 1.98 percent at $165.21.
MetLife, Prudential and TripAdvisor are scheduled to
report results after the bell.
Data expected on Wednesday also includes the U.S. non-farm
businesses productivity numbers for the first quarter at 8:30
a.m. EDT.
Futures snapshot at 7:16 a.m. EDT:
S&P 500 e-minis were up 4.5 points, or 0.22 percent, with
143,226 contracts traded.
Nasdaq 100 e-minis were up 1.5 points, or 0.03 percent, on
volume of 28,830 contracts.
Dow e-minis were up 46 points, or 0.26 percent, with
25,694 contracts changing hands.
(Reporting by Tanya Agrawal; Editing by Savio D'Souza)
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