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*
Growth in China's giant factory sector edged up to a six-month
high in May but export demand shrank again, reinforcing the view
that more stimulus would have to be rolled out in the coming
months.
* The weeks brings with it a spate of U.S. data, culminating
with the job report on Friday, which investors will peruse for
clues on the timing of a rate hike.
* Data on Monday is expected to show that both personal income
and construction spending rose in April. Personal income data is
due at 8:30 a.m. ET (1230 GMT).
* The ISM releases its manufacturing index for May, which is
expected to have increased to 52.0 from 51.5 in April. The PMI
and construction spending data are due at 10:00 a.m. ET.
* Intel shares were up 0.6 percent at $34.68 in premarket
trading on reports that the company was nearing a deal to buy
programmable-chip maker Altera. Altera rose 5.4 percent to
$51.50.
* Citigroup was up 1.5 percent at $54.90 on a Wall Street
Journal report that the bank is expected to close its troubled
Banamex USA unit. Goldman Sachs upgraded the stock to "buy" from
"neutral".
* CTi BioPharma rose 5.7 percent to $2.05 in heavy trading after
the drug developer presented positive data on its blood cancer
drug.
* Molycorp fell 5.7 percent to $0.50 after the WSJ reported the
rare earth miner is expected to skip a loan payment, which might
lead to a bankruptcy filing.
Futures snapshot at 7:47 a.m. ET:
* S&P 500 e-minis were up 8.75 points, or 0.42 percent, with
147,568 contracts traded.
* Nasdaq 100 e-minis were up 25 points, or 0.55 percent, on
volume of 24,581 contracts.
* Dow e-minis were up 90 points, or 0.5 percent, with 24,787
contracts changing hands.
(Reporting by Tanya Agrawal; Editing by Savio D'Souza)
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