Wall St futures point to higher open as data eyed

* The Institute for Supply Management releases its October manufacturing index at 10 a.m. ET. Economists in a Reuters survey expect a reading of 54.0 versus 54.4 in September.

* U.S. computer chipmaker Intel Corp has agreed to make chips for startup firm Achronix Semiconductor Corp, an Intel spokesman told Reuters. The deal with Achronix would be the first time Intel has given another company access to its most advanced production processes.

* Commerce Department releases September personal income and consumption data at 8:30 a.m. ET. Economists in a Reuters survey expect 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. * The amount of potential damages that British private equity firm Terra Firma could receive if a case against Citigroup Inc regarding music group EMI goes its way has fallen, according to court documents.

* At 10 a.m. ET, the Commerce Department releases September construction spending. Economists forecast a drop of 0.5 percent, compared with a 0.4 percent rise in the prior month.

* Resource-related stocks will be in focus as crude oil prices rose 0.6 percent, buoyed by expectations that the U.S. Federal Reserve 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.

* Companies reporting results on Monday include Baker Hughes , Corning and Simon Property Group .

* European shares rose on Monday, with miners gaining on higher metals prices after surprisingly strong Chinese manufacturing data, and as the dollar weakened.

* China's factories ramped up their production last month and were buoyed by an influx of new business, highlighting the strength of the world's second-largest economy but also pointing to price pressures.

* Japan's Nikkei average <.N225> hit a seven-week closing low on Monday, hit by a drop in shares of Honda Motor <7267.T> after its earnings disappointed investors, with the yen's strength near a record high against the dollar put an additional damper on confidence.

* U.S. stocks ended on a flat note on Friday, wrapping up another strong month driven by expectations the Federal Reserve will flood the economy with cash.

(Reporting by Atul Prakash; Editing by Hans Peters)