Futures point to falls as recession woes deepen

LONDON (Reuters) - Shares are set to fall on Monday, with futures for the Dow Jones, S&P 500 and Nasdaq down 3, 3.9 and 3.7 percent, respectively, at 5:54 a.m. EDT. * U.S. stocks slumped to a 5-1/2 year low on Friday in a worldwide sell-off with investors cashing out of stocks as signs mounted that the global economic slowdown could be deeper than feared and the corporate profit outlook darkened. * The sell-off continued in Asia on Monday, with Japan's Nikkei 225 falling to its lowest close in 26 years. The FTSEurofirst 300 index of European shares fell 4.6 percent. * The Group of Seven... [read full story]