CORRECTED-US STOCKS-Futures eke out gains as bond yields tumble on growth fears

(Corrects to say "bond yields", not "bond markets" in paragraph
2)
* Futures up: Dow 0.21%, S&P 0.27%, Nasdaq 0.34%

By Shreyashi Sanyal
July 3 (Reuters) - U.S. stock index futures edged higher on
Wednesday, as benchmark bond yields tumbled on fears of a global
recession and expectations of interest rate cuts by central
banks.
Bond yields around the world slid as trade tensions
continued to simmer despite the recent truce between the United
States and China, with the nomination of IMF chief Christine
Lagarde to head the European Central Bank adding to bets of
monetary easing.
The benchmark U.S. 10-year Treasury yields US10YT=RR
slipped to their lowest since November 2016, while the 10-year
UK gilts yield fell below the Bank of England's main policy rate
for the first time in a decade. US/
Hopes that the Federal Reserve would cut rates to preserve a
decade-long U.S. expansion helped the S&P 500 and the Dow Jones
indexes post their best June performance in decades, with
traders now betting for about a 25% chance the central bank
would cut borrowing costs by half a percentage point at its July
30-31 policy meeting. MMT/
Trading volumes are expected to be thin due to shortened
trading hours on Wednesday ahead of the July Fourth holiday.
At 7:18 a.m. ET, Dow e-minis 1YMcv1 were up 57 points, or
0.21%. S&P 500 e-minis EScv1 were up 8 points, or 0.27% and
Nasdaq 100 e-minis NQcv1 were up 27 points, or 0.34%.
Investors will also turn their attention to the multiple
economic data scheduled to be released, starting with the ADP
National Employment report at 8:15 a.m. ET.
The private survey is often considered a precursor to the
Labor Department's monthly jobs report, and is expected to show
private employers added 140,000 jobs last month, compared to an
addition of 27,000 jobs in May.
A report from the Census Bureau is likely to show
international trade deficit widened to $54 billion in May from
$50.8 billion in April. The data is due at 8:30 a.m. ET.
A Commerce Department report, due at 10:00 a.m. ET, is
likely to show factory orders fell 0.5% in May, after slipping
0.8% in April.
Among stocks, Symantec Corp SYMC.O surged 19.4% in
premarket trading after sources told Reuters that chipmaker
Broadcom Inc AVGO.O is in advanced talks to buy the
cybersecurity firm. Broadcom fell 4.4%. Shares of U.S.-listed gold miners gained as prices of the
precious metal rose on safe-haven bets.