Fed, Employment Outlooks Lift Wall Street Pre-Bell; Asia, Europe Up

06:15 AM EST, 12/03/2025 (MT Newswires) -- Wall Street futures pointed modestly higher pre-bell Wednesday as traders continued to expect easing from the Federal Reserve and await a report on the nation's employment scene.

In the futures, the S&P 500 rose 0.2%, the Nasdaq added 0.1% and the Dow Jones was up 0.2%.

Trading-floor denizens await the private-sector November ADP Employment report at 8:15 am ET, something of a placeholder for the still-delayed official national employment bulletin. Pundits project tepid job growth in the month, which would lean on the Federal Reserve to ease on rates.

Investors anticipate a near nine-in-10 chance the US central bank will cut rates on Dec. 10, according to the CME FedWatch tool.

Asian exchanges traded mostly higher on overnight Wall Street cues, although China-based exchanges lagged.

European bourses tracked moderately north midday on the continent.

Salesforce (CRM) and Snowflake (SNOW) plan to report earnings pre-bell, among others.

On the economic calendar, in addition to the ADP report, is the weekly MBA mortgage applications survey at 7 am ET, and the import and export prices release from Washington for September.

The industrial production and capacity utilization bulletin for September logs at 9:15 am, followed by the S&P Global US composite purchasing managers index (PMI) report for November at 9:45 am. The ISM Services PMI for November posts at 10 am.

The weekly EIA petroleum status report posts at 10:30 am.

In premarket action, Bitcoin traded at $93,042, West Texas Intermediate crude oil traded higher at $59.42, and 10-year US Treasuries offered 4.08%. Spot gold traded for $4,202 an ounce.

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