U.S. existing home sales fall for second consecutive month in October

Existing home sales in the world's largest economy declined in October falling for the second successive month, however the drop was slightly smaller than originally expected, the National Association of Realtors reported on Wednesday. The report showed that the U.S. existing home sales slid 3.2% year-on-year to 5.12 million units in October following a 1.9% fall to 5.29 million units in the month before.