US futures slip and Asian stocks are mixed, while oil prices surge more than $1 a barrel

Market Overview - Asian shares started the week mixed, with Tokyo's Nikkei 225 falling nearly 2% due to weak factory activity data [1][2] - Oil prices surged more than $1 a barrel, indicating potential volatility in energy markets [1][12] Japan's Manufacturing Sector - The Nikkei 225 declined 1.9% to 49,285.66 following weaker than expected corporate investment data [2] - The S&P Global Japan Manufacturing PMI was at 48.7 in November, slightly improving from 48.2 in October but still indicating contraction for the fifth consecutive month [3][4] China’s Economic Challenges - China's factory activity contracted for the eighth straight month in November, highlighting ongoing economic challenges despite a trade truce with the U.S. [5] - The Shanghai Composite index gained 0.4% to 3,904.90, while Hong Kong's Hang Seng climbed 0.8% [6] Retail Sector Insights - Consumer spending during Black Friday and Cyber Monday was expected to exceed expectations, despite economic uncertainties [7] - Retail stocks showed mixed performance, with Macy's falling 0.3% and Kohl's gaining 1.4% [12] Technology Sector Performance - Nvidia lost 1.8% on Friday, ending the month with a double-digit loss, while Oracle fell 23% in November [10] - Alphabet rose nearly 14% due to excitement surrounding its recently released Gemini AI model [10]