Market regulators in Spain, Italy, and France all extended bans on short selling today, with previous bans set to expire after trading ends on Friday, Bloomberg reports
.
While this still does not constitute a euro-wide short selling ban -- Germany, at least, is not participating -- it is a coordinated move that belies fears that speculators will wreak havoc in European markets.
Greek regulator ESMA and Belgian regulator FSMA will also extend their short selling bans, even though bans imposed previously were not set to expire this week. Bans in Spain and Italy are set to end September 30, while France's ban will last through November 11. All regulators emphasized that they will lift bans when the markets allow. Some experts, however, see no end in sight….
Find out more at http://www.bloomberg.com/news/2011-08-25/german-stocks-sink-amid-speculation-of-extended-european-short-sale-bans.html
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