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 * The benchmark S&P index slumped 3.1 percent last week to sit right
at the 200-day moving average support level and is now down 5.2
percent from its record high set on Sept. 18. The declines were
sparked by a cut in the global growth forecast from the
International Monetary Fund and disappointing economy data in
Europe.
* A serious slowdown in the global economy could lead the U.S.
Federal Reserve to delay an increase in interest rates if deemed
serious enough, Fed officials said over the weekend.
* Earnings season will pick up steam this week, with results
expected from Dow components including Intel, Johnson & Johnson,
UnitedHealth, American Express and General Electric as well as
financials Morgan Stanley, Citigroup, Bank of America <BAC.N> and
Wells Fargo.
* Canadian Pacific Railway Ltd has approached CSX Corp about merging
the two North American railroad operators to create a
transcontinental carrier worth more than $60 billion, according to
the Wall Street Journal. CSX shares jumped 8.6 percent in light
premarket trading.
* NetScout Systems Inc said it would buy Danaher Corp's
communications business in a stock deal valued at about $2.6
billion, to expand its IT management and cybersecurity businesses.
* European stocks paused following their steep three-week sell-off,
with shares in airlines bouncing back as oil prices extended their
slide on ample supply.
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* Asian stocks stumbled to seven-month lows as promising trade
numbers out of China failed to allay the worries about faltering
global growth.
Futures snapshot at 7:24:
* S&P 500 e-minis were up 4 points, or 0.21 percent, with 343,163
contracts changing hands.
* Nasdaq 100 e-minis were down 1.5 points, or 0.04 percent, in
volume of 48,270 contracts.
* Dow e-minis were up 22 points, or 0.13 percent, with 45,000
contracts changing hands.
(Reporting by Chuck Mikolajczak; Editing by Lisa Von Ahn)
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