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Equities fall after record drop in US home sales
Equities on Wall Street and across Europe fell after a US home sales fell a record 27 per cent in July.
Equities on Wall Street and across Europe fell after a US home sales fell a record 27 per cent in July.
Stocks in the US dropped for a third straight day as a worse-than-expected report on US jobless claims.
The local sharemarket has dived in early trading.
The Federal Reserve has voted to buy US Govt debt in a fresh bid to spur the world's biggest economy.
US equities fell overnight, as house sales, factory orders and consumer spending fell short of expectations.