Forex News and Rumors for September 23rd, 2008 – Afternoon Update

European Services, Manufacturing Contract Further

Europe’s manufacturing and service industries contracted at the fastest pace in almost seven years in September.

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After Record Single-Day Increases, Crude Prices Fall

Despite the pending $700 million buyout, analysts suggest that a recession in the U.S. economy may be unavoidable causing oil futures to fall.

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Nomura Makes It Official

Japan’s preeminent securities broker announced that it has finalized a deal to buy Lehman Brothers equity and mergers division.

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This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.