By Barbara Kollmeyer, MarketWatch Markets expected to take a breather from commodity watching

LONDON (MarketWatch) -- U.S. stock futures pointed to a slightly weaker start for Wall Street on Wednesday, ahead of ADP payrolls and other data, which could take some focus off commodity prices.

Futures for the Dow Jones Industrial Average (DJZ4) fell 12 points to 17,850, while those for the S&P 500 index (SPZ4) fell 1.7 points to 2,064.20. Futures for the Nasdaq-100 index (NDZ4) fell 1 point to 4,304.50.

A follow-up to Tuesday's big gains may not be on the cards, though. The S&P 500 (SPX) and Dow industrials (DJI) scored their best one-day percentage gains in roughly a month, lifted by a rebound in energy stocks. Crude-oil prices were again moving higher, along with gold, but analysts said investors are likely to refocus back on the U.S. economic picture.

A peek into payrolls: ADP employment data for November is due at 8:15 a.m. Eastern Time. Private-sector job gains have surpassed the 200,000 level in six of the past seven months. Analysts will be watching the data closely, as it is used to get a feel for the larger government employment report due Friday. See preview

"Forecasts are predicting that this number could be lower than last month's, so the Dow may have trouble this afternoon," said Connor Campbell, financial analyst at SpreadEx. The correlation between those two numbers isn't foolproof, though.

The latest data on productivity will be released at 8:30 a.m. Eastern Time, while the ISM nonmanufacturing survey for November is due at 10 a.m. Eastern. After that, the Federal Reserve's Beige Book is due at 2 p.m. Eastern. The report is a collection of anecdotes from Fed contacts around the country and gives the central bank a feel for overall economic conditions ahead of its next meeting, scheduled for December 16-17.

The European Central Bank also meets this week, on Thursday. The pressure is expected to be on ECB President Mario Draghi and officials to "provide when and how eurozone stimulus will appear tomorrow", given recent disappointing eurozone PMI figures, added Campbell. The composite PMI fell to a 16-month low in November, weaker than the initial estimate.

Stocks for Wednesday: Retailer Abercrombie & Fitch Co.(ANF) is expected to post earnings of 43 cents a share ahead of the opening bell. Guess? Inc.(GES) and Aéropostale Inc.(ARO) are expected to report after the close.

Puma Biotechnology Inc.(PBYI) fell sharply in late trade after the pharmaceutical company delayed its breast-cancer drug application to early 2016. See Stocks to Watch

Other markets: European stocks posted moderate gains across the board despite downbeat eurozone PMI data. The FTSE 100 index was down slightly ahead of Chancellor of the Exchequer George Osborne's Autumn Statement on the government's economic plans. The dollar was mostly flat against the yen (USDJPY) after setting a fresh 7-year high late Tuesday. However, the euro (EURUSD) was at $1.2330, the lowest since August 2012.

January crude (CLF5) was up about 50 cents. American Petroleum Institute data late Tuesday posted a steep fall in U.S. crude inventories. and gold prices (GCG5) were trading higher, just over $1,203 an ounce. T. Boone Pickens predicts $100 a barrel is coming back

Gold prices (GCG5) were trading higher, just over $1,203 an ounce.

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