European shares recover on big Wall Street gains

BRUSSELS (AP) — Bank stocks recovered their poise Friday and helped European stock markets push higher as investors assessed the impact of a short-selling ban on financial shares in four eurozone countries. The advance in Europe follows big gains on Wall Street Thursday, which helped support most markets in Asia. However, wild swings over recent days, with shares often changing direction every few hours, highlight how volatile trading is at the moment amid concerns over the global economy and the levels of debt in both the U.S. and Europe. In Europe, London’s FTSE 100 was up 1.1 percent at 5,221 points, while Germany’s DAX was 1.9 percent higher at 5,908. The CAC-40 in France was 1.2 percent…

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European shares recover on big Wall Street gains

Posted by on August 12, 2011. Filed under News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.