U.S. stock index futures rose Monday, buoyed by strong Chinese manufacturing data as investors awaited a new batch of economic reports to kick off a week marked by mid-term elections and the Federal Reserve's monetary policy meeting.
* China's factories ramped up production last month and were boosted by an influx of new business, highlighting the strength of the world's second largest economy but also pointing to price pressures.
* The Institute for Supply Management releases its October manufacturing index at 10 a.m. EDT . Economists in a Reuters survey expected a reading of 54.0 versus 54.4 in September.
* Also at 10 a.m., the Commerce Department reports on September construction spending. Economists forecast a drop of 0.5 percent, compared with a 0.4 percent rise in the prior month.
* The Commerce Department will also release September personal income and consumption data at 8:30 a.m. . Economists look for a rise of 0.2 percent in September income and a 0.4 percent increase in spending. In the previous month, income rose 0.5 percent and spending increased 0.4 percent.
* S&P 500 futures rose 6.8 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 51 points, and Nasdaq 100 futures rose 8 points.
* U.S. chipmaker Intel Corp has agreed to make chips for startup firm Achronix Semiconductor Corp, marking the first time Intel has given another company access to its most advanced production processes.
* The amount of potential damages that British private equity firm Terra Firma Capital Partners Ltd could receive has fallen in its case against Citigroup Inc , according to court documents. The case involves music group EMI.
* Resource-related stocks will be in focus as crude oil futures rose nearly 1 percent on expectations the Fed would commit to a new round of monetary stimulus this week and prompt further weakness in the dollar. Key base metals prices also rose 1.3 to 1.9 percent.
* Corning Inc reported quarterly results early Monday.
* Other companies reporting later include Baker Hughes Inc and Simon Property Group Inc
* European shares rose Monday, with miners gaining on higher metals prices after the Chinese data and as the dollar weakened.
* U.S. stocks ended flat Friday, but wrapping up another strong month. (Reporting by Angela Moon; editing by Jeffrey Benkoe)
© 2017 Thomson/Reuters. All rights reserved.