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ExxonMobil earnings and ISM eyed on Wall Street

U.S. stock index futures pointed to a higher open on Monday, ahead of the last heavy week of earnings season.

Eighty-five S&P 500-listed companies will post quarterly results this week, along with three Dow components.

Exxon Mobil reported earnings that beat expectations but were lower than the year-ago quarter.

Others reporting on Monday include Sysco and Rent-A-Center.

Economic data due out during the day include the ISM Index for January, along with construction spending and personal income and spending.

Asian data out earlier showed that manufacturing activity in China is still contracting. China's final HSBC Purchasing Managers' Index (PMI) fell to 49.7 in January, a touch below its 49.8 flash reading. The 50-point mark separates expansion from contraction.

Greece's new left-wing government began what one analyst called a "charm offensive" on Sunday, in an effort to persuade its euro zone partners to soften the terms of its international bailout. The government has already started to reverse austerity measures unpopular in Greece that were a condition of its current bailout agreement.

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In a budget plan to be unveiled on Monday, President Barack Obama will call for a one-time, 14 percent tax on profits piled up abroad by multinationals, such as General Electric and Pfizer. He will also seek to impose a 19 percent tax on U.S. companies' future foreign earnings.