ANKARA
Global markets on Wednesday were focused on the ADP employment report to be released at 1230GMT.
Analysts expect U.S. payrolls to have added 200,000 jobs, up from an increase of 185,000 in July.
Should the report come in below the analyst consensus forecast, it is likely to pressure global markets lower, as sentiment sours on concerns about global economic growth.
On Tuesday, China’s manufacturing Purchasing Managers index for August fell to its lowest level in three years, suggesting that growth for the world's second-largest economy will be sluggish this year.
The news pushed the Dow Jones Industrial Average down 2.8 at the close, the S&P 500 lost 3 percent and the Nasdaq Composite was down 2.9 percent.
While a positive report from ADP employment would improve investor sentiment, it would also suggest that the Federal Reserve might raise interest rates at its meeting in September. Higher interest rates usually push stocks lower, and fears for the effect of a Fed rate hike on emerging markets could have the same effect.
The non-farm payroll report due on Friday from the Labor Department will also be a major factor in the direction of American and global markets.
