Shares fall on shorting ban fears; Bund futures up

LONDON, May 20 (BestGrowthStock) – European stocks fell late on
Thursday morning on persistent concerns that other European
countries may follow Germany’s footsteps to ban short-selling in
some financial instruments, traders said.

“There is a rumour of the short selling ban being extended
in the euro zone,” a trader said.

However, French Economy Minister Christine Lagarde confirmed
earlier that France would not be following a German move to ban
the naked short-selling of sovereign debt.

German government bonds turned positive as stocks fell, with
the June Bund futures ( FGBLc1: ) up 9 ticks on the day at 127.56,
while cash yields fell.

At 1054 GMT, the FTSEurofirst 300 (.FTEU3: ) index of top
European shares was down 0.6 percent at 990.81 points.

Stock Market Money

(Reporting by London markets team)

Shares fall on shorting ban fears; Bund futures up