* Dow futures slip after G20 meeting
* Japan slips into recession
* Dollar, yen rise in safe haven bid
* Oil falls 2 percent on economic worry
By Kristina Cooke
NEW YORK, Nov 16 (Reuters) - U.S. stock index futures
slipped, while the dollar and the yen rose on Sunday, after
world leaders pledged rapid action to combat the financial
crisis but fell short of announcing concrete measures or major
regulatory breakthroughs.
The pledges did little to reassure jittery markets,
especially after data showed Japan, the world's second-biggest
economy, was in recession. Japan's Nikkei average <>
opened down 1 percent in Asia on Monday.
The Group of 20 world leaders agreed Saturday to a raft of
fiscal and monetary steps to rescue the global economy, but it
was left to individual governments to tailor their response to
their particular circumstances.
NYMEX crude <CLc1> fell 2 percent in Asian trading amid
worries about the depth of the global economic downturn, while
bonds rose as investors sought out less-risky assets.
"The G20 announcements while reasonable, will take time to
figure out and develop," Andrew Brenner, senior vice president
of MF Global in New York wrote in an emailed note on Sunday.
On Friday, U.S. stocks and crude fell as data showing much
of Europe in recession, along with a record drop in U.S. retail
sales in October, prompted risk aversion on signs of a
deteriorating global economic outlook.
For the week, the Dow fell 5 percent, the S&P 500 shed 6.2
percent and the Nasdaq lost 7.9 percent.
On Sunday, S&P 500 futures <SPc1> fell 6.40 points, Dow
Jones industrial average futures <DJc1> dropped 4 points, and
Nasdaq 100 <NDc1> futures slid 6.50 points.
U.S. crude <CLc1> fell 1.8 percent to $56. London Brent
crude for January <LCOc1> dropped 1.4 percent to $53.48.
The benchmark 10-year U.S. Treasury note <US10YT=RR> rose
1/32 in price for a yield of 3.72 percent. The 2-year U.S.
Treasury note <US2YT=RR> was unchanged, yielding 1.22 percent.
The yen rose across the board. The euro slid to 120.23 yen
<EURJPY=R>, from 124.12 late in New York on Friday, while the
U.S. dollar dropped to 95.90 yen <JPY=>, from 97.49. The
dollar, however, benefited from flows to U.S. Treasuries and
gained to $1.2537 per euro <EUR=>, from 1.2725.
The December gold contract <GCZ8> rose 0.1 percent to
$742.9 an ounce, after having surged 5 percent on Friday.
(Editing by Tim Dobbyn)
