Stock Futures Waver Ahead of Earnings, Data

ADP’s jobs report for July is due before the opening bell.

U.S. stock futures paused ahead of another wave of corporate earnings updates, a private-sector employment report and services data.

S&P 500 futures traded flat and futures tied to the Dow Jones Industrial Average traded broadly flat. Changes in futures don’t necessarily predict market moves after the opening bell.

European stocks advanced Wednesday for a three-session winning streak. The Stoxx Europe 600 rose 0.5% in morning trade, and is at its highest level in a year. Materials and energy sectors led gains while the utilities sector lost ground.

The U.K.’s FTSE 100 gained 0.4%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 added 0.4%, the U.K.’s FTSE 250 climbed 0.2% and Germany’s DAX gained 0.7%.

The euro and the British pound strengthened 0.1% against the U.S. dollar and the Swiss franc was mostly flat against the dollar, with 1 franc buying $1.11.

In commodities, international benchmark Brent crude fell 0.2% to $72.25 a barrel. Gold was up 0.2% to $1,817 a troy ounce.

German 10-year bund yields were up to minus 0.476% and 10-year U.K. government debt known as gilts yields gained to 0.527%. 10-year U.S. Treasury yields rose to 1.182% from 1.174%. Yields move inversely to bond prices.

Indexes in Asia were mixed as Hong Kong’s Hang Seng added 1.1% after falling as much as 0.7% earlier and China’s benchmark Shanghai Composite climbed 0.8%, whereas Japan’s Nikkei 225 index was down 0.2%.

Traders worked on the floor of the New York Stock Exchange on Tuesday.

PHOTO:MICHAEL NAGLE/BLOOMBERG NEWS