The Department of Commerce is likely to report a slight dip in construction spending for October and automakers will report sales figures for November.

US auto sales are expected to rise above 18 million vehicles on an annualized basis for November, continuing the pace for record sales in 2015.

Investors are keeping an eye on data for clues regarding the health of the US economy that might enable the Federal Reserve to raise interest rates for the first time in nearly a decade.

The main data this week is the November employment report, which is expected to show that the economy added 200,000 jobs during the month. Analysts say a strong report virtually guarantees a rate rise this month.

Investors are also awaiting a European Central Bank meeting tomorrow, when the central bank is widely expected to ramp up its trillion-euro bond-buying program.

Private data showed Chinese factory activity contracted at a slower pace than in October, fuelling hopes the economy may have been bolstered by government support.

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