By Marcus Leach

The FTSE 100's bad run continued today (Wednesday) as it hovered at the 5200 mark.

With continued economic difficulties warning traders off bargain buys the FTSE 100 was 11.9 points down at 5194.9, which means it could close at a loss for the eighth straight session.

Elsewhere the Dow Jones Industrial Average in New York was down 5% in the past five days, mainly fuelled by the inability of politicians to agree on deficit reduction plans.

The ongoing uncertainty had initially fuelled fears that the FTSE 100 Index could open as much as 70 points lower.

Thomas Cook shares showed slight signs of recovery after a disastrous day on Monday that saw share prices plummet 65%.

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