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5 Things You Must Know Before the Market Opens Wednesday

Updated from 5:55 a.m. EST

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Here are five things you must know for Wednesday, Jan. 4:

1. -- U.S. stock futures posted slight gains Wednesday ahead of data on U.S. jobs and the minutes from December's meeting of the Federal Reserve, when the central bank raised interest rates for only the second time in a decade.

The economic calendar in the U.S. on Wednesday includes the ADP National Employment Report for December at 8:15 a.m. EST. Economists surveyed by Bloomberg expect the U.S. private sector to have added 172,000 jobs in December.

The minutes of the Federal Open Market Committee's meeting on Dec. 14 will be released at 2 p.m.

Oil for February delivery rose 0.36% early Wednesday to $52.52 a barrel. West Texas Intermediate crude settled 2.6% lower at $52.33 a barrel on Tuesday, its lowest level in more than two weeks.

European stocks traded lower Wednesday while Asian stocks...