The pervading mood all round the world (10)
I believe the answer is:
atmosphere
'the pervading mood' is the definition.
(I've seen this before)
'all round the world' is the wordplay.
'all round' becomes 'atmo' (I can't justify this - if you can you should believe this answer much more).
'the world' becomes 'sphere' (I've seen this in another clue).
'atmo'+'sphere'='ATMOSPHERE'
Can you help me to learn more?
(Other definitions for atmosphere that I've seen before include "Air" , "Feeling" , "prevailing mood" , "blue?" , "Feel" .)