US Markets

Wall Street set for higher open after ADP report tops estimates

Stocks showing signs of steadying

U.S. stock index futures pointed to a higher open on Wednesday as traders digested strong employment data ahead of a meeting between President Donald Trump and Chinese President Xi Jinping.

Private payrolls rose by 263,000 last month, well above a consensus estimate of 185,000. The February number was revised significantly lower, however, from the originally reported 298,000.

At 9:45 a.m., we'll have the final March reading for services PMI; the previous reading was 52.9. Also, at 10 a.m. we'll have the Institute for Supply Management non-manufacturing index results, which is expected to come in at 57, compared to February's 57.6.

The markets closed mostly flat on Tuesday. The Dow Jones industrial average gained about 39 points with Caterpillar contributing the most gains. The S&P 500 ended the day nearly breakeven, with real estate lagging and energy outperforming. The Nasdaq composite also ended roughly flat on the day.

Brain Brainerd | The Denver Post | Getty Images

On the earnings front, Walgreens Boots Alliance reported before the bell. Bed Bath & Beyond and Yum China are due to report after the bell.

In Europe, the pan-European Stoxx-600 index was around 0.04 percent higher on Wednesday. In Asia, the Shanghai Composite in China closed 1.48 percent higher, while the Nikkei in Japan closed 0.27 percent higher.

In oil markets, Brent crude traded at around $54.86 a barrel on Wednesday, up more than 1 percent, while U.S. crude was around $51.68 a barrel, up around 1.3 percent.

CNBC's Patti Domm and Fred Imbert contributed to this report