Higher swing for European markets in mid-morning trade

European stocks have moved higher as the latest move to restore market order - a ban on short-selling of some financial shares - takes effect.

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

After initial falls, London's FTSE 100 and Paris's Cac indexes were 1% higher, while Frankfurt's Dax was up 2%.

Earlier, Asian stocks were mixed as global trading remains highly volatile.

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 Brothers prompted the US and the UK to curb the practice.

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

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