US STOCKS-Futures little changed ahead of ADP employment report
* ADP employment, Fed Beige Book on tap
* Futures: Dow off 7 pts, S&P up 0.4 pts, Nasdaq off 1.5
NEW YORK, Dec 2 (Reuters) - U.S. stock index futures wereflat on Wednesday as investors awaited a private-sectoremployment report and the Federal Reserve's Beige Book ofregional economic conditions.
Investors may look to the ADP National Employment privatesector survey for clues ahead of Friday's non-farm payrollsreport. Analysts expect the number of private-sector job lossesto shrink to 155,000 from 203,000 in October. The ADP report isdue to come at 8:15 a.m. EST (1315 GMT).
"Right now the biggest factor in the Christmas season isemployment," said Rick Meckler, president of LibertyViewCapital Management in New York.
"We've come back a long way, but the key also is the marketis no longer just looking for steady and constant unemployment.They are looking for indications that hiring is at leastbeginning."
The Federal Reserve periodic Beige Book survey of regionalU.S. economic conditions is scheduled for release at 2 p.m. EST(1900 GMT)
S&P 500 futures SPc1 added 0.4 points and were slightlyabove fair value, a formula that evaluates pricing by takinginto account interest rates, dividends and time to expirationon the contract. Dow Jones industrial average futures DJc1dipped 7 points, while Nasdaq 100 futures NDc1 shed 1.5points.
Nokia (NOK1V.HE)(NOK.N), the world's largest cell-phonemaker, said it expects handset market volumes to grow about 10percent next year. For details, see [ID:nGEE5B10M5] U.S. listedshares fell 0.7 percent to $13.41 in premarket trading.
U.S. crude futures CLc1 fell nearly 1 percent to below$78 per barrel after industry data showed a surprise build inU.S. crude stocks, raising doubts over demand recovery.[ID:nSP426870]
General Motors Co's [GM.UL] board of directors fired ChiefExecutive Fritz Henderson on Tuesday, saying it wanted to charta new course as the U.S. automaker pushes ahead with itsrestructuring. [ID:nN01370062]
European shares were little changed after their biggestone-day gain in more than 4 months in the previous session, asa decline in banking stocks offset gains in pharmaceutical andfood shares. [ID:nGEE5B10UH]
Asian stocks rose as investors chased higher returns,confident that Dubai's debt woes will be contained.[ID:nSP422329]
On Tuesday, the Dow Jones Industrial average closed at itshighest level in 14 months as a weak dollar boosted shares ofnatural resource companies and economic data reinforced hopesfor a sustainable recovery. [ID:nN01517685]
(Reporting by Chuck Mikolajczak; editing by JeffreyBenkoe)
((Charles.mikolajczak@thomsonreuters.com; +1 646 223 5234;ReutersMessaging:rm://Charles.mikolajczak.reuters.com@reuters.net))
((Multimedia versions of Reuters Top News are now available for: * 3000 Xtra: visit topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News: topnews.reuters.com))
Source: Reuters
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