European markets swing higher in mid-morning trade

European stocks markets have moved upward trend as the latest move to restore market order - a ban on short-selling of some financial shares - takes effect. Ban on short selling reduce selling pressure in stock market.

Overnight, four eurozone countries - France, Italy, Spain and Belgium - banned short-selling of some stocks in an attempt to stabilise markets.

After initial selling pressure, London's FTSE 100 and Paris's Cac indexes were gained about 2%. Frankfurt's Dax was up almost 3%.

Earlier, Asian stocks were mixed as global trading remains nervy.

Short-selling involves investors selling stocks they do not own in the expectation they will drop in price before buying them back and pocketing the difference.

The last time major Western countries made a similar move was in 2008 after the collapse of Lehman.

Both countries' market authorities said they had no plans to introduce another ban.

European shares plunge as sell-off continues

European share values are Continue to fall rapidly, following similar sell-offs in the US and Asia.

London's FTSE 100 index lose 4.1%, Germany's Dax is also drop 5.7% and France's Cac has fallen by 2.4%.

Invester remain on edge after a severe loss of confidence caused by a downgrading of US debt and further strife in the eurozone.

Banking sector share dropped adversely like RBS down 10%, Barclays falling 7.5% and HSBC 6.9% lower.

On the other way the bond markets, the yield on both Spanish and Italian government bonds fell further.

The European Central Bank (ECB) is intervening in the markets to try to keep the cost of borrowing down for the two countries, which are struggling to avoid a Greece-style bail-out by the authorities.

Worries about the level of US debt caused its credit rating to be downgraded from the top triple A grade - a move that lead to severe falls on Monday of between 3%-5% for European share markets and a 5.6% fall for the US Dow Jones index - its biggest in three years, with bank shares leading the way down.

Bank of America closed down 20% in US trading, banking sector hits adversely.

On Tuesday, Asian markets suffered their second day of steep falls, although Asian Markets  had recovered around half of their overnight losses by the close.

The Nikkei finished fall 1.7%, South Korea's Kospi dropped 3.64%, and Hong Kong's Hang Seng down 2.8%.

Fear grips global markets again

World stock markets have continuously suffering heavy losses last week in the first day of trading since rating agency Standard & Poor's downgraded the US late on Friday.

The main Wall Street index, the Dow, was down 2.5% due to weak US economy.The UK's FTSE was 2.9% dowm, and Germany's Dax had fall 4.3%.
But yields on Spanish and Italian bonds fell sharply after intervention by the European Central Bank (ECB).
The ECB said it intended to buy up eurozone government bonds to address concerns that the eurozone debt crisis was spreading to those two countries.
The yield on Spanish 10-year bonds is announced - it indicate of the risk cocerned with lending Spain money down from more than 6% to about 5.2%. Yields on Italian bonds fell by a similar amount.
Tobias Blattner, a former economist at the European Central Bank, said the ECB's intervention had done little to help the crisis of confidence boosting up the share markets.
"This reflects the fundamentals that growth is in a very bad situation on both sides of the Atlantic and this is why the ECB's interventions will not alter anything.
"We can't get much positive momentum out of it, but for the bond markets it was a good sign."
Earlier, Asian  stock shares had lose due to the US downgrade.

Japan's Nikkei and Hong Kong's Hang Seng indexes fall 2.2%, while South Korea's Kospi fell 3.8%.

These added to the significant falls seen last week when trillions of dollars were wiped from the value of global markets, with the Dax losing about 13% of its value, the FTSE 100 falling almost 10% and the Dow ending the week 5.8% lower.