Data showing Japan slipped into recession in the third quarter raised concerns Monday about global economic health, hitting stocks and the price of oil.
Before recovering slightly, European shares fell, and Wall Street looked set to open lower, according to index futures .
The Nikkei index lost 3 percent, its biggest one-day drop since August, after the news that the world's third-largest economy unexpectedly shrank by an annualized 1.6 percent in the July-September period.