Markets far from merry as stock losses extend into seventh day

LONDON (Reuters) - 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.MSCI's world equity index , which tracks shares in 47 countries, was 0.15 percent lower on the day and down almost 7 percent in the past seven sessions -- its worst stretch of daily losses since January 2016. The index is also just off its lowest level..