Here are five things you must know for Monday, Dec. 2:
1. -- Stock Futures Rise as China's Manufacturing Expands
U.S. stock futures were rising Monday after a surprisingly strong report on factory activity data in China added to hopes that a near-term trade agreement between Washington and Beijing could be reached before the end of the year.
The Caixin/Markit Manufacturing Purchasing Managers' Index in China index rose to 51.8 in November, a three-year high, from 51.7 in October. The data suggest recent government stimulus and slow-but-steady trade progress with the United States has boosted sentiment and supported output in the world's biggest export market.
The stronger-than-expected reading, however, was offset by concerns linked to an article in China's Global Times that suggested senior officials in Beijing were demanding the rollback of both existing and pending tariffs on China-made goods by the U.S. in order to complete the so-called phase one agreement.
Donald Trump's decision last week, meanwhile, to sign two separate pieces of legislation supporting pro-democracy movements in Hong Kong also remains a risk in the often-stalled trade negotiations.
Contracts tied to the Dow Jones Industrial Average gained 64 points, futures for the S&P 500 were up 6.30 points, and Nasdaq futures rose 13.25 points.
Stocks closed lower Friday in a holiday-shortened trading session but still managed to put in their best monthly performance since June. For November, the Dow rose 3.7%, the S&P 500 climbed 3.4% and the Nasdaq jumped 4.5%.
2. -- U.S. Manufacturing Data Highlight Monday's Calendar
The economic calendar in the U.S. Monday includes Markit Manufacturing PMI for November at 9:45 a.m. ET, the ISM Manufacturing Index for November at 10 a.m. and Construction Spending for October at 10 a.m.
Later in the week reports are expected from Salesforce (CRM) - Get Report , Marvell Technologies (MRVL) - Get Report , Workday (WDAY) - Get Report , Slack Technologies (WORK) - Get Report , Campbell Soup (CPB) - Get Report , Five Below (FIVE) - Get Report , Kroger (KR) - Get Report , Lululemon Athletica (LULU) - Get Report , Dollar General (DG) - Get Report and Zoom Video (ZM) - Get Report .
3. -- Cyber Monday Sales Forecast to Hit $9.4 Billion
Cyber Monday is expected to rack up $9.4 billion in sales, according to a projection from Adobe Analytics, an increase of 18.9% from last year that would make it the fastest-growing online shopping day of the year.
Online sales overall from Nov. 1 through Dec. 31 are expected to reach $143.7 billion - an increase of 14.1% from last year, compared with growth of just 4% for all online and offline sales.
With Thanksgiving falling on Nov. 28, the latest possible date, the peak period for holiday shopping is unusually short this year, with only 22 days between Cyber Monday and Christmas Day. That means retailers are switching up their sales strategy accordingly, offering deals earlier and potentially adjusting how they plan on getting purchases to consumers.
Amazon.com (AMZN) - Get Report , Walmart (WMT) - Get Report and others are locked in a one-day shipping battle this season, with Amazon offering next-day shipping for Prime members and Walmart also offering free next-day shipping for orders over $35. Best Buy (BBY) - Get Report , Kohl's (KSS) - Get Report and others also offer next-day shipping on select items.
Relatively new shopping day "Small Business Saturday" scored a new record of $3.6 billion in online sales, according to Adobe Analytics, an increase of 18% from a year earlier.
Black Friday pulled in $7.4 billion in online sales, the second largest online sales day so far in history, Adobe said.
4. -- Google's Data Collection Practices Probed by EU
Google's collection of data is being investigated by antitrust regulators in the European Union, Reuters reported.
"The Commission has sent out questionnaires as part of a preliminary investigation into Google's practices relating to Google's collection and use of data. The preliminary investigation is ongoing," the EU regulator told Reuters in an email.
The EU's focus, according to a document seen by Reuters, is on data related to local search services, online advertising, online ad targeting services, login services, web browsers and others.
Google has been fined €8 billion ($8.8 billion) over the past two years and was ordered to change its business practices by the European Competition.
5. -- Fiat Chrysler and UAW Reach Tentative Labor Pact
In a statement, the UAW Bargaining Committee said it had agreed to a deal with Fiat Chrysler to add $4.5 billion in investments, equaling roughly 7,900 jobs over the course of four years.
The $4.5 billion comes on top of an earlier pledge of $4.5 billion for a total of $9 billion marked for new investment, said Cindy Estrada, UAW vice president.
The UAW-Fiat Chrysler National Council will meet on Dec. 4 to review the proposed deal. If adopted, the tentative agreement will go to all Fiat Chrysler hourly and salary workers for a ratification vote that will begin on Dec. 6.
The UAW earlier this fall secured a four-year labor contract with General Motors (GM) - Get Report after a 40-day strike that cost the automaker as much as $4 billion for the year and $1 billion in the third quarter.