U.S. stock-index futures posted modest gains on Monday, ahead of the publication of January's manufacturing ISM (Institute for Supply Management) index.
The index, which tracks monthly changes in manufacturing activity, will be published at 10 a.m. ET. Economists polled by Reuters forecast the index fell to 56.0 in January, down from 56.5, suggesting continued expansion but at a slower rate than in December.
"This would leave the index slightly below its six-month moving average of 56.4, but would still be firmly in expansionary territory and suggest a solid start to the year for manufacturing activity growth," Barclays analysts Rohit Arora and Aroop Chatterjee in a morning research note.