Sydney, Aug 1, 2007 (ABN Newswire) - Aussie shares fell this morning after fresh worries about the U.S. sub prime mortgage sector hit U.S. shares. Macquarie Bank had lead the way down locally after it warned that retail investors face losses of up to 25 per cent in two of its investment funds as part of the fall out from the U.S. sub prime mortgage crisis.
At Midday the ASX200 index has fallen 100 points to 6,044 and on the futures market the SPI 200's down 109.
In economic news, the Australian Bureau of Statistics said this morning that retail sales grew 1.4 per cent in June compared to May, seasonally adjusted. The result was lightly better than the 1 per cent expected by analysts as spending recovered after two weak months, heightening the risk of a rise in interest rates
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