Forex News and Rumors – Afternoon Update

Oil Holds at $61 as OPEC Members Set to Meet

With OPEC member nations preparing to meet later this week and likely to agree to maintain current production levels, oil prices hover near the $61 a barrel mark. More

Europe, TSX See Increases

European stock markets reversed two days of losses with healthcare stocks leading the way. In Toronto, the TSX was boosted by a run-up in commodities. More

Australia Reinstates Short-Selling

The Australian Securities and Investments Commission has announced that after an eight-month ban, short selling would once again be permitted. Short-selling was banned at the height of last fall’s banking crisis after Lehman Brothers collapsed and other financial firms came under intense pressure as speculators drove down the value of individual stocks through a wave of short-selling. More

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