FTSE suffers longest losing streak in eight years

The FTSE 100 has seen its longest losing streak in eight years as investors continue to sell-off shares amid fears over the state of the eurozone.

London's leading share index closed down 1% or 53.08 points, at 5,153.7, dropping for the eighth day in a row. The sell-off is the longest stretch of losses since January 2003, according to Bloomberg. The index has shed around 7% over the course of the eight days. Markets were rocked earlier today after it was announced a €6bn German government debt auction failed to attract bidders for the entire offer, selling just €3.644bn. Commentators called the sale the worst in recent memory. Banks in the US also came under pressure as the Federal Reserve announced plans to stress test th...