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Wall Street looks to jobs report after stellar October

U.S. stock index futures pointed to a higher open on Monday, the first trading day in November ahead of a data packed week, with the all-important jobs report on Friday in focus.

Traders will look to non-farm payrolls for hints on the direction and timing of monetary policy. Before that, construction spending data and the ISM index are both due Monday at 10:00 a.m. ET.

Read MoreMarkets to tune out Fed speakers in favor of jobs report

Earnings season is still underway, with Visa, Estee Lauder and Clorox, among other, reporting before the bell.

AIG, Allstate, Avis Budget, Fitbit, AMC Entertainment, Axovant Sciences, Pioneer Natural Resources, General Growth are all due after the bell.

Stocks kick off November on Monday after the best monthly gain in four years. The S&P 500 ended October at 2,079 points, gaining 8.3 percent for the month, but just 0.2 percent for the past week. That was its best month since a 10.7 percent gain in October, 2011.

In Europe, stocks were mostly higher as investors digested key bank earnings from HSBC and Commerzbank.

HSBC's third-quarter earnings showed that pre-tax profit rose to $6.1 billion, up 32 percent from the same period a year ago and higher than expectations of analysts polled by Reuters.

Meanwhile, shares of Commerzbank were trading as much as 6 percent higher after the bank reported better-than expected third-quarter earnings.

Commerzbank beat analysts' expectations for pretax profit as the lender's retail bank thrived, provisions for bad loans decreased and its run-down portfolio of unwanted assets broke even.