(Reuters) - Stock futures pointed to a drop on Monday after grim manufacturing figures from China, and as investors braced for economic data expected this week, including key jobs figures. At 4:45 a.m. EST, S&P 500 futures were down 2 percent, Dow Jones futures were down 1.7 percent and Nasdaq 100 futures were down 1.9 percent.
Highlights:
* In the latest sign that China, the world's fourth-largest economy, was being dragged deeper into the global slowdown, data showed on Monday the country's manufacturing industry slumped in November as new orders, especially from abroad, tumbled.
* Economic indicators on tap for Monday include ISM manufacturing data for November and construction spending for October. Monthly auto sales are due on Tuesday and non-farm payroll figures will be released on Friday.
* Mining and energy shares will be under pressure on Monday as oil and metal prices fell. Oil sank 4 percent to below $53 a barrel after OPEC decided to delay a decision on a third supply cut, while copper and aluminum prices dropped on renewed worries over the health of the global economy.
* Speeches from both U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke are scheduled for later on Monday. Paulson will deliver an update on the economy and the markets at the Fortune 500 Forum, at 2000 GMT, while Bernanke will speak before the Austin Chamber of Commerce's Annual Economic Forecast Event at 1845 GMT.
* The board of General Motors Corp
* Consumers made repeat trips to U.S. stores and spent more on bargains this holiday weekend, but the early rush is unlikely to save retailers from a bleak sales season, analysts said on Sunday. Early results from the Black Friday weekend that kicks off U.S. holiday shopping showed that sales grew both in stores and online, fueled by repeat trips, heavier online sales and deep discounts from retailers across the price spectrum.
* Last week, the Standard & Poor's 500 Index <.SPX> had its best week since at least 1980 -- jumping 12 percent in a strong recovery from the previous week when the S&P touched its lowest close since 1997. The Dow Jones industrial average <.DJI> rose 9.7 percent last week and the Nasdaq Composite Index <.IXIC> surged 10.9 percent.
On the year, the S&P is down 39 percent and the Dow Jones industrial average is down 33 percent.
(Reporting by Blaise Robinson; Editing by Greg Mahlich)
