World stocks were set for their seventh straight day of losses on Monday, as investors nervy about the possibility of a prolonged U.S. government shutdown and a worsening global economy opted for the safety of bonds and gold. . . .
“There are a whole number of factors that have triggered this latest risk off climate, including the Fed’s very modest deviation from its (rate hiking) plan and the government shutdown in the United States,” said Investec economist Philip Shaw.