Equity markets on course for worse start to year since 2010

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Global equity markets are on course for their worst start to the year since 2010 following the declines sparked by troubles in emerging markets over the last week.

The FTSE All-World index is down 3.7% prior to today's open. A further 0.6% drop today means the index is in danger of exceeding the 4.4% drop seen at the beginning of 2010, according to Bloomberg data. But the index is unlikely to reach 2009's unwanted milestone, when the index dropped 8.8% in January as investors dumped stocks following the collapse of Lehman Brothers. Markets around the globe have felt the squeeze in the last four weeks, with the Japanese Nikkei down 8.4% since the start of the year. Other developed indices have also lost ground, with the Dow off 4.2% and the FT...

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