Share Prices: Us New Homes Slide Blows Roof Off Uk ; Market Report

Summary


London's benchmark index plummeted by nearly 50 points yesterday after US markets nose-dived on the back of dire new home sales figures in the States.

The FTSE 100 dropped 47.5 points, 0.8 per cent, to 6291.9 in the afternoon after Wall Street's lead after news that sales of new US homes fell 3.9 per cent in February to its lowest level in seven years. The Dow Jones was down by 75 points at 12406 as the London market closed after the weaker than expected data rattled investor nerves.

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Share Prices: Us New Homes Slide Blows Roof Off Uk ; Market Report

London's blue-chip share index had been trading in positive territory in the early session, with houseb...

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