* March private sector jobs addition top expectations
* Panera Bread jumps after agreeing to $7.16 bln buyout
* Futures up: Dow 48 pts, S&P 4 pts, Nasdaq 1.5 pts
(Adds details, comments, updates prices)
By Yashaswini Swamynathan
April 5 U.S. stock index futures rose on
Wednesday after solid private employment data underscored the
strength of the economy, helping partially offset investors'
worries on President Donald Trump's ability to deliver on his
The ADP National Employment report showed 263,000 jobs were
added in the U.S. private sector in March, far more than
economists' expectation of 187,000.
The report serves as a predecessor to a more comprehensive
nonfarm payrolls report due Friday.
The gains in the index futures gains come in a week when
U.S. stocks have been trading in a tight range ahead of a highly
anticipated meeting between Trump and Chinese President Xi
The meeting, starting Thursday and which Trump expects will
be a "very difficult one", is likely to focus on trade between
the two countries and reining in North Korea's arms program.
Also weighing on investors' minds is Trump's ability to
deliver on tax reform and other pro-business promises after
recent setbacks in pushing reforms through Congress.
"There is a growing lack of confidence in the administration
and that is creating hesitation among investors," said Andre
Bakhos, managing director at Janlyn Capital in Bernardsville,
"There are a few uncertainties on earnings, the meeting on
Friday with President Xi and the jobs data, which are raising
some doubt today."
Wall Street has rallied on Trump's promises, with analysts
saying the expectations of tax cuts have been priced in. The
lofty market valuations will be in sharp focus with the
first-quarter earnings season around the corner.
Dow e-minis were up 48 points, or 0.23 percent at
8:31 a.m. ET, with 21,409 contracts changing hands.
S&P 500 e-minis were up 4 points, or 0.17 percent,
with 130,135 contracts traded.
Nasdaq 100 e-minis were up 1.5 points, or 0.03
percent, on volume of 22,711 contracts.
The Federal Reserve will release at 2:00 p.m. ET (1800
GMT)the minutes of its March meeting, where it raised interest
rates. The minutes could reveal how policymakers view the rate
hike trajectory for the year and their thoughts on Trump's
Among the premarket movers on Wednesday were shares of
Panera Bread. The stock jumped 13.5 percent to $311.05
after JAB Holdings said it would buy the bakery chain for $7.16
Walgreen Boots Alliance slipped 0.8 percent to
$81.85 after the drugstore chain operator reported a surprise
drop in quarterly sales.
Seeds and agrochemicals company Monsanto was up 1.44
percent at $116.50 after reporting a 28.7 percent jump in
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by