US STOCKS-Futures up as China fears ease; US private jobs data eyed
* Futures rise: Dow 91 pts, S&P 11 pts, Nasdaq 23 pts
By Tanya Agrawal
Sept 2 (Reuters) - U.S. stock index futures rose on Wednesday after fresh intervention from China to support its markets helped calm jittery investors, and ahead of U.S. private employment data.
* Private payrolls processor ADP is expected to report that private firms added more jobs in August than in July. The data, due at 8:15 a.m. ET (1215 GMT), will provide a snapshot of the labor market ahead of Friday's critical non-farm payrolls data.
* Friday's job numbers is the last monthly employment report before the U.S. Federal Reserve meets on Sept. 16-17, when an announcement on interest rates is widely expected.
* The U.S. central bank has said it will raise rates only when it sees a sustained recovery in the economy, with a key focus on labor and inflation.
* But the acute market volatility in the last few days has prompted investors to scale back bets that the Fed will delay raising rates as early as this month.
* Wall Street closed sharply lower on Tuesday, with renewed concerns about China's economy pushing major indexes down almost 3 percent and intensifying fears of a long-term selloff.
* Chinese stocks on Wednesday bounced off from steep losses and ended almost flat as fresh supportive measures from brokerages eased investor fears that Beijing may be intensifying a crackdown on illegal margin financing. Continuación...