U.S. stock index futures point to mixed open

* Futures for the Dow Jones industrial average (DJc1: ) rose
0.2 percent, futures for the S&P 500 (SPc1: ) fell 0.4 percent and
the Nasdaq 100 futures (NDc1: ) fell 0.1 percent, pointing to a
mixed open on Wall Street on Wednesday.

* Automatic Data Processing (ADP) releases its April
employment report at 1215 GMT. Economists in a Reuters survey
expect 30,000 jobs were created in April versus a loss of 23,000
jobs in March.

* At 1100 GMT, Mortgage Bankers Association releases Weekly
Mortgage Market Index for the week ended April 30, versus the
prior week. The mortgage market index read 534.5 and the
refinancing index was 2,161.8 in the previous week.

* Major companies announcing results included Time Warner
(TWX: ), Intercontinental Exchange (ICE: ), Prudential Financial
(PRU: ) and CBS Corp (CBS: ).

* Oil (CLc1: ) fell towards $82 a barrel, extending the
steepest one-day percentage loss in three months in the previous
session, on rising oil inventories and a firm dollar.

* Investors dumped U.S. stocks (Read more about the stock market today. ) on Tuesday in Wall Street’s
worst session in three months on the fear that even with a
bailout for Greece, Europe’s debt crisis could spread to other
weak euro zone countries.

* Teams of oil spill workers were set to take to advantage
of at least one more day of calm in the Gulf of Mexico on
Wednesday to keep fighting to contain a huge and growing slick
before winds turn against them. [ID:nN04149055]

* The Dow Jones industrial average (.DJI: ) lost 225.06
points, or 2.02 percent, to 10,926.77. The Standard & Poor’s 500
Index (.SPX: ) fell 28.66 points, or 2.38 percent, to 1,173.60.
The Nasdaq Composite Index (.IXIC: ) dropped 74.49 points, or 2.98
percent, to 2,424.25.

* Greece is likely to grind to a halt on Wednesday as
protests intensify against draconian measures to secure
financial aid, sending global stocks and the euro tumbling and
stoking anxiety about an EU debt contagion.

“Who’s next” was the question weighing on markets
unconvinced that a record 110 billion euro ($142.8 billion)
EU/IMF bailout for Greece would stop its economic woes spreading
to other vulnerable euro zone countries, such as Spain and
Portugal.

* European credit derivatives indexes widened, extending
Tuesday’s slump.

* A multi-billion euro international aid plan for Greece
will determine the future of Europe and Germany’s role within
it, German Chancellor Angela Merkel said on Wednesday.
[ID:nBAT005398]

* Greece’s debt woes give China reason to proceed cautiously
with currency reform but, barring a crisis that shakes Europe,
should not stand in the way of a resumption of appreciation,
government advisers said on Wednesday. [ID:nTOE64402Z]

* Challenger, Gray & Christmas Inc. releases at 1130 GMT its
report on job cuts for April. Challenger reported 67,611 layoffs
in the prior month.

* At 1400 GMT, Institute for Supply Management releases its
April non-manufacturing index. Economists in a Reuters survey
forecast a reading of 56.0 versus 55.4 in March.

* Airspace over Scotland and Northern Ireland will be closed
from early Wednesday because of volcanic ash that closed
airports in Ireland on Tuesday and could threaten summer holiday
travel. [ID:nLDE6430V5]

* Shares of News Corp (NWSA.O: ) reversed course to fall more
than 4 percent in extended trade on Tuesday after the company
reported quarterly results. [ID:nN04111686]

* European shares fell on Wednesday after sharp falls in the
previous session, with banks the major losers, but forecast
beating results from Societe Generale (SOGN.PA: ) and commodity
stocks provided some support. The pan-European FTSEurofirst 300
(.FTEU3: ) index of top shares was down 0.8 percent.

Stock Market Advice

(Reporting by Atul Prakash; Editing by Hans Peters)

U.S. stock index futures point to mixed open