1. Markets

    European Countries Ban Short Selling

    Stock traders work at the German stock exchange in Frankfurt, central Germany, Friday, Aug. 5, 2011. Europe's debt crisis and fears over the U.S economy battered markets once again Friday, challenging vacationing European leaders to find a way to keep the turmoil from pushing Spain and Italy to financial collapse before a strengthened bailout fund can be put in place to help them. (AP Photo/dapd, Martin Oeser)

    Martin Oeser / AP Photo

    France, Italy, Spain and Belgium banned some short-selling overnight in an attempt to stabilize stock prices. The practice was last banned in the U.S. and the U.K. shortly after the collapse of Lehman Brothers in 2008. U.K. and European stocks fell at the open, after news that the French GDP was stagnant for the last quarter. After the dip, markets rose sharply, with the London FTSE up 3 percent, or 157 points, to 5,320. In Germany the Dax climbed 200 points, and in Paris the Cac rose 4 percent.

    Read it at BBC