Stocks decline in Europe, Asia markets

Stocks in Europe and Asia declined, extending the MSCI World Index's worst year on record, as concern mounted the deteriorating global economy will curb earnings. US index futures advanced.

Daimler AG and Bayerische Motoren Werke AG sank more than 2 percent after Japan's Toyota Motor Corp forecast its first operating loss in 71 years on plunging North American and European car sales and a surging yen. In Asia, DBS Group Holdings Ltd slumped 4.9 percent after the bank sought capital in a rights offering.

Europe's Dow Jones Stoxx 600 Index dropped for a fourth day, retreating 0.8 percent to 194.87 at 12:11 pm in London. The MSCI Asia Pacific Index decreased 0.5 percent. Standard & Poor's 500 Index futures expiring in March added 0.5 percent.