A ban on short-selling stocks will come into effect Friday in France, Italy, Spain and Belgium in an effort to calm markets still reeling from fears of a spreading sovereign debt crisis and rumours that some of Europe's major banks are in trouble.
REUTERS - A ban on short-selling financial stocks in four European countries including France takes effect on Friday, a coordinated attempt to restore confidence in a market hit by rumours and higher borrowing costs.
What is short-selling?
Short-selling is when an investor borrows shares and sells them on the expectation their price will fall and they can be bought back at a cheaper price.
Date created : 2011-08-12