* Futures down: Dow 8 pts, S&P 1.25 pts, Nasdaq 1.75 pts
By Yashaswini Swamynathan
June 2 (Reuters) - U.S. stock index futures were little changed on Thursday as investors await the European Central Bank’s decision on interest rates and the release of domestic labor data.
* The ECB is expected to keep interest rates steady, and will likely raise growth and inflation forecasts when it releases its statement at 8:30 a.m. ET (1230 GMT).
* The ADP National Employment report at 8:15 a.m. ET is likely to show U.S. private payrolls increased 175,000 in May, after rising 156,000 in April.
* Initial claims for unemployment benefits are expected to have risen by 2,000 to 270,000 last week. The data, due at 8:30 a.m. ET, provides an early read into the more comprehensive employment report on Friday.
* Data over the past two days have shown encouraging signs that the U.S. economy is firming, which could prompt the Federal Reserve to raise rates as soon as this month.
* However, the uncertainty over Britain’s continued membership in the European Union and weak factory data globally has reigned in the chances of a rate hike in June.
* Traders are now pricing in a 20 percent chance of a hike this month, significantly lower than their expectations on Monday, while chances of a hike in July have increased to 48 percent, according to CME Group’s FedWatch tool.
* Wall Street eked out minor gains on Wednesday as stronger-than-expected U.S. factory data helped negate crude oil prices that oscillated due to concerns about whether or not the OPEC would cap output.
* Oil prices were flat the OPEC meet to decide on output got underway.
* Oracle was down 3.1 percent at $39 premarket after it was sued by a former senior finance manager who claimed she was terminated in retaliation for complaining about improper accounting practices.
* Cloud storage provider Box slumped 12.2 percent to $11.25 after the company reported a slowdown in billings growth in the first quarter.
Futures snapshot at 6:50 a.m. ET:
* Dow e-minis were down 8 points, or 0.04 percent, with 14,934 contracts changing hands.
* S&P 500 e-minis were down 1.25 points, or 0.06 percent, with 106,194 contracts traded.
* Nasdaq 100 e-minis were down 1.75 points, or 0.04 percent, on volume of 11,844 contracts. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Savio D‘Souza)