* Retailers hopeful over holiday shopping season
* Lisbon denies report of pressure to seek bailout
* Futures down: Dow 70 pts; S&P 9.8 pts; Nasdaq 16.25 pts
* For up-to-the-minute market news see [STXNEWS/US] (Updates prices, adds analyst quote, Del Monte)
By Rodrigo Campos
NEW YORK, Nov 26 (Reuters) - U.S. stock index futures pointed to a 1 percent drop at the open on Friday ahead of a shortened post-holiday session, as investors fled from risk on worries that euro zone debt problems may continue to spread.
European shares dropped nearly 1 percent after a German newspaper reported that a majority of euro zone members and the European Central Bank were pressuring Lisbon to seek a bailout. Portugal and the European Commission denied the report. For details see [ID:nLDE6AP0F4]
China warned against military acts near its coastline ahead of U.S.-South Korean naval exercises that North Korea said risked pushing the region towards war, further rattling investors. The North shelled a South Korean island earlier this week. [ID:nL3E6MQ058]
Investors will also eye consumer-related stocks as so-called Black Friday kicks off a holiday shopping season that retailers hope will be the strongest in three years. [ID:nNN2529414]
"It doesn't seem the European Union has a defensible solution for this debt crisis and that makes investors very nervous," said Kim Caughey Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.
"The bright side is it seems the American consumer is back with a vengeance. If we are to believe the CEOs of retailers, they feel they can support margins with prices that are attracting consumers."
S&P 500 futures
Resource-related stocks will be in focus as key base metals prices fell, pressured by a rise in margin requirements by the Shanghai Futures Exchange that prompted liquidation of speculative positions. [ID:nL3E6MQ0FH]
Del Monte Foods Co
Volume is likely to be light as U.S. stock markets will close at 1 p.m. EST (1800 GMT) following the U.S. Thanksgiving holiday on Thursday.
On Wednesday, Wall Street rallied as investors put aside worries about swirling global problems and focused on upbeat data on the labor market and consumer spending. (Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)