US STOCKS-Wall St to rise at open after 5-day slide

miércoles 7 de enero de 2015 10:09 GYT

* Fed minutes on tap

* J.C. Penney climbs in premarket after sales results

* Futures up: Dow 132 pts, S&P 16 pts, Nasdaq 25 pts (New throughout)

By Rodrigo Campos

NEW YORK, Jan 7 (Reuters) - U.S. stocks were set to rise at the open on Wednesday following data that showed the U.S. private sector created more jobs than expected in December and as deflation concerns in the euro zone were seen pushing the bloc's central bank into action.

European shares gained 1 percent on bets a bigger-than-expected drop in euro zone inflation would trigger a long-awaited bond-buying scheme by the European Central Bank.

"Speculation that that is finally going to cause the ECB to move forward with some aggressive quantitative easing explained the rally in Europe, and U.S. futures rebounded on that as well," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.

U.S. private employers added 241,000 jobs last month, more than the 226,000 expected, while the November number was revised to 227,000 from the previously reported 208,000.

The ADP report "certainly gives people some encouragement going into the official jobs number on Friday," said Jankovskis.   Continuación...