US STOCKS-Futures higher ahead of private sector job numbers

  • Reuters
  • Stock Market News
US STOCKS-Futures higher ahead of private sector job numbers
Credit: © Reuters.

* Futures up: Dow 46 pts, S&P 4.5 pts, Nasdaq 1.5 pts

By Tanya Agrawal

May 6 (Reuters) - U.S. stock index futures were higher on Wednesday, set to rebound from a sharp fall on Tuesday and ahead of private employment data for April.

* 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 (1215 GMT).

* 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. ID:nL5N0XX23N

* 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 MGI.O soared 23.3 percent to $9.62 in premarket trading after Bloomberg reported that Western Union WU.N was considering buying its smaller rival. ID:nL4N0XW4TK

* Herbalife (NYSE: HLF ) HLF.N jumped 14.3 percent to $45.81 after the weight-loss and nutritional products maker raised its full-year profit forecast. ID:nL4N0XW4HG

* Synageva BioPharma GEVA.O soared 41 percent to $134.98 after Alexion ALXN.O offered to buy the company at a 135.7 percent premium to Tuesday's close. Alexion was down 1.98 percent at $165.21. ID:nL4N0XX37G

* MetLife MET.N , Prudential (LONDON: PRU ) PRU.N and TripAdvisor TRIP.O 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 (1230 GMT).

Futures snapshot at 7:16 a.m. EDT (1116 GMT):

* S&P 500 e-minis ESc1 were up 4.5 points, or 0.22 percent, with 143,226 contracts traded.

* Nasdaq 100 e-minis NQc1 were up 1.5 points, or 0.03 percent, on volume of 28,830 contracts.

* Dow e-minis 1YMc1 were up 46 points, or 0.26 percent, with 25,694 contracts changing hands.

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