U.S. stocks fell Friday.
NEW YORK (CNNMoney)
Signs of progress over the weekend, and hopes of new stimulus measures in Japan after weekend elections, could get markets off to a positive start. U.S. stock futures were about 0.3% higher.
Wall Street has been in a funk for weeks as President Obama and lawmakers in Congress remain locked in negotiations over tax hikes and spending cuts set to kick in automatically on Jan. 1. While many expect a last-minute compromise, the latest rhetoric from both sides suggests the talks are far from over.
Still, over the weekend House Speaker John Boehner made another offer to Obama -- this time to raise tax rates on those making at least $1 million. The White House said it didn't go far enough but described the offer as "progress".
U.S. stocks ended lower Friday as concerns about the gridlock continue to eclipse signs of improvement in the global economy.
The New York Fed will release its monthly manufacturing survey ahead of the opening bell.
Fear & Greed Index
Asian markets ended mixed, with Japan's Nikkei index posting the strongest gains after the Liberal Democratic Party's landslide victory in parliamentary elections cleared the way for Shinzo Abe to become prime minister. Abe has promised monetary and fiscal stimulus to rescue the world's third largest economy from recession.
European markets were also mixed in thin trade. Germany was the only major market to post narrow gains. 
First Published: December 17, 2012: 4:02 AM ET
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