U.S. stocks looked set to decline at the open on Monday, with global shares hit by the news that Japan had unexpectedly slipped into recession.
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Data out on Monday showed Japan's economy shrank in the third quarter by an annualized 1.6 percent, rather than the forecast 2.1 percent gain.
Japan's benchmark Nikkei 225 index posted its biggest one-day drop since August on the news and settled near a one-week low. The dollar-yen pair hit a seven-year high of 117.04 before retreating to 115.7 later on Monday.