Global Stocks Extend Last Week's Declines

According to Reuters, a global gauge of stocks stumbled heading into a new week.
MSCI’s global gauge of equity markets is set to mark its fifth straight decline, after a tumultuous week.
Over the last week, MSCI's gauge is down about 6-percent, which is its worst streak of losses since February, when equity markets were fluctuating rapidly.
On the day, MSCI’s gauge shed another 1.2-percent.
In Europe, the STOXX 600 index lost 1.9-percent, while US stocks also suffered.
By the afternoon on Dec.