US stock futures rise after upbeat jobs data

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US stock-index futures climbed on Wednesday on the back of a report showing the labour market continued to brighten last month.

An hour ahead of the opening bell in New York, S&P 500 futures were up 0.2 per cent to 2,361.5.

The tick higher in stock futures came after data on private-sector payrolls for the month of March easily beat Wall Street forecasts, the latest indication of strength in the jobs market.

Treasury yields, which move in the opposite direction of prices, ticked higher. The 10-year yield was up by 1.1 basis points to 2.37 per cent. The more policy-sensitive two-year yield was up by a fraction of a basis point to 1.258 per cent.

The euro gave up its gains against the greenback in recent trading, and was recently down by 0.1 per cent to $1.067.

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