Stocks fell around the world and gasoline rose as Hurricane Sandy threatened U.S. East coast refineries and closed equity trading. Italian two-year notes dropped for a sixth day and the euro weakened.

The MSCI All-Country World Index lost 0.3 percent at 8:40 a.m. in New York. Standard & Poor’s 500 Index futures were 0.7 percent lower and the Stoxx Europe 600 Index fell 0.6 percent as trading volume slumped. Gasoline futures jumped 2.7 percent. Italy’s two-year note headed for or its longest run of declines since May, with the yield increasing seven basis points to 2.35 percent. The euro depreciated 0.3 percent to $1.2897 and a gauge of European corporate credit risk climbed for an eighth day.

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