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CAIRO — Egypt’s benchmark stock index closed on Monday up 7.6 percent, its largest single-day gain in nine years thanks to investor optimism following the declaration of a victor in presidential elections, state media said.

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NEW YORK - US stocks tumbled on Monday as investors saw few reasons to buy equities ahead of a European Union summit this week that many fear will not calm the escalating euro zone debt crisis.

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MADRID, Spain — Spain formally requested a banking rescue of up to 100 billion euros ($125 billion) on Monday, kicking off a pivotal week in the battle for the eurozone’s future.

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LONDON - US new-crop corn futures jumped more than 4 percent on Monday to the highest level since early February as hot, dry weather in the key Midwest growing region reduced the outlook for yields.

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The Turkish lira, bonds and shares all weakened on Monday as investor confidence was shaken by Syria’s shooting down of a Turkish jet, which prompted Ankara to call a NATO meeting for Tuesday to agree a response to Syrian President Bashar al-Assad.

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World stocks fell on Monday amid concern that a critical European summit later this week will not yield a deal that might restore confidence in the future of the 17-country euro currency.

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Fitch Ratings downgraded Cyprus’s sovereign ratings on Monday and put them on negative outlook, citing the exposure of the eurozone island’s banks to toxic Greek debt.

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Sugar futures on ICE edged higher on Monday, supported by delays in shipments in top producer Brazil, while arabica coffee traded lower in slim volumes, under pressure from weak financial markets.

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Gold prices edged lower in Europe on Monday, extending last week’s sharp correction as the dollar firmed, but moves were muted ahead of a European Union summit later in the week and further economic data from the United States.

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