Futures were higher Monday following some better-than-expected factory output data from China and the euro zone after stocks logged their best third quarter since 2010.
On the economic front, the Institute for Supply Management's September manufacturing index is due at 10am ET. Economists surveyed by Reuters expect the index to rise to 49.7 from 49.6 in August.
In addition, construction spending in August is also due at 10 am ET.
Overnight, Purchasing Managers Index (PMI) data from China and the euro zone showed some signs of stabilization though both remained firmly in contraction mode.
European shares gainedafter the euro zone PMI was revised up to 46.1, up from a preliminary estimate of 46 and from a reading of 45.1 in August. Still, the reading was below 50, which indicates a contraction. The improvement helped the euro stabilize against the dollar.
Meanwhile, investors have been watching to see if Moody's would downgrade Spain's credit rating, but the ratings agency said Spain's bank recapitalizations were credit-positive for the country.
AndChina's official PMI rose to 49.8 in September from 49.2 in August, but it was the seventh straight quarter of slowing growth for the world's second-largest economy.
Goldman Sachs gained after a Barron's article over the weekend said the investment bank's shares could rise 25 percent in the next year as capital markets improve. Meanwhile, Guggenheim initiated coverage of Citigroup with a "buy" rating and a $45 price target.
Nokia edged higher after the Finnish phone maker announced that it will allow Oracle's customers access to mapping services.
Tenet Healthcare rose after the company announced a one-for-four reverse stock split.
On the M&A front, Ceradyne shares surged after 3M said it will acquire the ceramic products manufacturer in a deal worth $670 million.
—By CNBC’s JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)
Coming Up This Week:
MONDAY: ISM Mfg, construction spending, Bernanke speaks, Kraft spinoff
TUESDAY: Monthly auto sales
WEDNESDAY: Weekly mortgage apps, ADP employment report, ISM non-mfg index, oil inventories, H-P analysts mtg; Earnings from Family Dollar, Monsanto, Marriott
THURSDAY: Chain-store sales, Challenger job-cut report, jobless claims, factory orders, FOMC minutes
FRIDAY: Non-farm payrolls, consumer credit
More From CNBC.com: