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Sliding oil and metals prices are seen dragging
on energy and mining stocks. The Select Sector SPDR Energy
exchange traded fund fell 1 percent in light premarket trading.
U.S. crude futures fell 1 percent to $65.52 a barrel and Brent
dropped 0.7 percent to $69.68.
Markit's final November manufacturing Purchasing Managers' Index
for the euro zone was 50.1, its lowest reading since June 2013
and down from a flash reading in mid-November of 50.4, despite
price cuts made possible by tumbling input costs. New orders
declined for a third month.
U.S. manufacturing data is due later in the day, with Markit's
gauge out at 9:45 a.m. (1445 GMT), followed soon after by the
Institute for Supply Management's report.
Early holiday promotions and rising online shopping took a toll
on in-store U.S. sales during the Thanksgiving weekend as
shoppers on average spent 6.4 percent less than they did a year
earlier, according to data released Sunday by an industry group.
Futures snapshot at 7:11 a.m. EST (1212 GMT):
S&P 500 e-minis were down 6.25 points, or 0.3 percent, with
173,462 contracts changing hands.
Nasdaq 100 e-minis were down 4.25 points, or 0.1 percent, in
volume of 27,342 contracts.
Dow e-minis were down 38 points, or 0.21 percent, with
31,548 contracts changing hands.
(Editing by Bernadette Baum)
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