Stock index futures around the globe soared on Wednesday, despite disappointing jobs data in the U.S. A new report from ADP, the payroll service, showed that for the first time since January, private sector employment in the U.S. fell – a drop of 10,000 jobs, despite an average analyst estimate of 15,000 added jobs.
The ADP figures are a preview, although not necessarily an accurate one, of the Labor Department’s Friday payroll report – in the past six months, it has been as within 2,000 jobs of the official figure and off by as many as 200,000 jobs.
However, manufacturing growth in China and Australia led to buoyant stock markets in Asia and the Pacific Rim, and European shares rose as well.
Dow Jones Industrial Average index futures gained 114 points to 10,120 at 9:45 a.m. EST, while S&P 500 futures rose 13.2 points to 1,061.5 and Nasdaq 100 futures were up 25.5 points to 1,792.
The FTSE 100 futures rose 89 points to 5,290, and in Hong Kong, Hang Seng index futures rose 154 points to 20,474.
In Brazil, Bovespa index futures soared 565 points to 66,350.
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