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Brussels blog by some wire service journalists

European shares recover on big Wall Street gains

By GABRIELE STEINHAUSER

BRUSSELS –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.

READ FULL STORY HERE.

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