U.S. Futures, Global Markets Mixed; U.S. Jobs Data Eyed

U.S. Futures and global markets were mixed as expectations of Federal Reserve rate cuts solidified on the back of lower-than-expected ADP payroll data Wednesday. Markets continue to bet on an interest-rate cut in December, pricing in a 85% probability of a 25-basis-point cut, according to LSEG.

— U.S. Futures for the Dow Jones Industrial Index was up 0.1% and the S&P 500 rose 0.02%, while the tech-heavy Nasdaq fell back slightly, down 0.04%, extending gains from the prior session. Federal jobless claims data will release at 1330 GMT, giving investors a further indicator of the U.S. employment picture ahead of next week’s rate-cut decision.