US STOCKS-Wall St set to open higher after pvt sector jobs data

miércoles 5 de agosto de 2015 08:55 GYT
 

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By Tanya Agrawal

Aug 5 (Reuters) - Wall Street was set to open higher on Wednesday after data showed private sector hiring in July rose the least since April, reducing expectations of a strong reading in the government's payrolls report due Friday.

The ADP National Employment Report showed private employers added 185,000 workers in July, below the 215,000 increase forecast by economists surveyed by Reuters.

Some economists have said a softer labor market could prompt the U.S. Federal Reserve to wait until December to increase interest rates for the first time in nearly a decade.

Higher rates increase cost of borrowing for companies, leading to lower profits.   Continuación...