US STOCKS-Wall St bounces back as ECB seen acting, data supports

miércoles 7 de enero de 2015 11:35 GYT

* Minutes from latest FOMC meeting due at 1900 GMT

* J.C. Penney climbs after sales results

* December private payrolls higher than expected

* Dow, S&P, Nasdaq up 0.8 percent each (Updates prices)

By Rodrigo Campos

NEW YORK, Jan 7 (Reuters) - U.S. stocks bounced back on Wednesday after five sessions of losses, following strong private sector jobs data and as deflation concerns in the euro zone were seen pushing the bloc's central bank into action.

European shares gained more than 1 percent on bets the first negative inflation in the euro zone since 2009 would trigger a long-awaited move from the European Central Bank to basically begin to print money.

"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, regarding the early bid on U.S. equities.

Further support for stocks came after data showed 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.   Continuación...