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NEW YORK (CNNMoney) -- It's a new week but the same story for U.S. markets, as the focus remains squarely on the fiscal cliff negotiations in Washington.
With the number of negotiating days dwindling, things look grim. Instead of hunkering down and talking in private, key players spent Sunday slinging blame on television -- never a good sign.
U.S. stocks went nowhere Friday, as investors remain sidelined by the political gridlock.
No major corporate results are due Monday, though reports will be released in the morning on construction spending and manufacturing, as well as on November auto sales. Stock futures were in positive territory ahead of the open.
Fear & Greed Index
Fresh positive data on China's manufacturing sector gave Asian markets an early boost. But fiscal cliff fears weighed on markets in the region. The Shanghai Composite lost 1.0%, the Hang Seng declined 0.9% and the Nikkei posted a small gain.
European markets began the day narrowly higher, taking some comfort from the positive news out of China, and signs of an easing of the eurozone crisis as Greece announced details of a debt buyback linked to its revised EU-IMF rescue. The dollar lost ground against the Japanese yen, British pound and euro. 
First Published: December 3, 2012: 3:55 AM ET
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