Stocks fell, the Swiss franc and yen strengthened and the cost of U.S. default insurance rose to the highest since March 2009 as American lawmakers called off a vote to increase the debt limit. Spanish bonds dropped after Moody’s Investors Service said it may downgrade the country’s debt. The MSCI All-Country World Index lost 0.6 percent at 7 a.m. in New York, extending the biggest weekly retreat in almost a year. Standard & Poor’s 500 Index futures sank 0.6 percent. Five-year credit-default swaps on Treasuries climbed three basis points to 67 basis points. The yen strengthened against all 16 of its major peers, while the Swiss franc approached a record versus the euro. The 17-nation currency weakened 0.7 percent to $1.4241, with the yield on Spain’s 10-year bond jumping three basis points. Oil declined 0.8 percent to $96.70 a barrel.
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