Futures for the Dow Jones Industrial Average YMU6, -0.01% rose 11 points, or 0.1%, to 17,845, while those for the S&P 500 index ESU6, -0.07% was flat around 2,094. Futures for the Nasdaq-100 index NQU6, +0.02% climbed 5 points, or 0.1%, to 4,444.50.
“The cautious tone from the FOMC minutes on Wednesday may be giving investors a lift today,” Craig Erlam, senior market analyst at Oanda, said in a note.
“The Brexit vote alone is likely to deter [the Fed] from raising rates until at least the end of the year as they wait to see what the knock-on effects will be, both from an economic and financial markets perspective,” he added.
Economic news: The highlight on the economic calendar on Thursday is the ADP private-payrolls report, due out at 8:15 a.m. Eastern Time.
The report — seen as a precursor for the top-tier nonfarm payrolls report out on Friday — is expected to show 150,000 jobs were added in June, according to FactSet estimates, compared with 173,000 in May.
Analysts at Deutsche Bank pointed out, however, that the May ADP print “severely overstated” the strength of the nonfarm report for the same month. Only 38,000 nonfarm jobs were created in May, a significant miss, compared with expectations. For June, economists polled by MarketWatch expect the nonfarm payrolls report to come in at 170,000 and the unemployment rate to have risen to 4.8% from 4.7%.
Later on Thursday, weekly jobless claims are due at 8:30 a.m. Eastern. Forecasts are for 265,000 Americans to have filed for unemployment benefits last week, down slightly from the 268,000 the week before. See:MarketWatch’s economic calendar
No Federal Reserve members are scheduled to speak publicly today. Minutes from the European Central Bank’s June meeting, due at 12:30 p.m. London time, or 7:30 a.m. Eastern Time, may signal what policy makers are thinking about easing.
Shares of SemiLEDS Corp.LEDS, +17.41% soared 64% ahead of the bell after the LED chips maker late Wednesday said Peter Chiou will buy 577,000 shares of the company’s common stock at $5.00 per share. SemiLEDS shares closed at $3.30 on Wednesday.
In earnings news, PepsiCo Inc.PEP, -0.47% is slated to report results ahead of the bell, while PriceSmart Inc.PSMT, +1.45% and WD-40 Co.WDFC, -2.49% will release earnings after the market closes.
Other markets: Asian markets ended mostly higher following Wednesday’s higher close on Wall Street. However, Japan’s Nikkei 225 index NIK, -0.67% ended down 0.7% as the yen remained stubbornly high.