Chicago PMI back in positive territory in October

The Chicago purchasing managers' index rose to its highest level since the turn of the year in October, figures released on Friday showed.

According to MNI Indicators, the index rose 56.2 from 48.7 in September compared with analysts' expectations for a 49.4 reading.

"On Monday, we will receive the broader ISM manufacturing index, which will provide a better gauge of the likely trend in US manufacturing," analysts at Barclays said.

"We see ongoing weakness in US manufacturing for some time as past dollar strength continues to weigh on exports."