Morgan Stanley Research previews the US Manufacturing ISM report for the month of September, due on Thursday.

"September manufacturing surveys so far suggest resilient manufacturing activity. Demand remains strong, and labor demand continues to expand. Supplier delivery times have lengthened at a faster pace, while input prices have accelerated sharply," MS notes.

"We expect similar patterns in the ISM. We are tracking the September ISM Manufacturing PMI at 54.5, little changed from 54.6 in August," MS adds.