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Market Update

Europe: Shares Rise After Weak Opening

Stocks in Europe seesawed early Friday, opening negative but paring losses later, with financial stocks witnessing buying after a short-sales ban was introduced by several countries to curb volatility.

At the time of writing, Britain's FTSE rose 0.5%, France's CAC was flat while Germany's DAX was trading 0.8% higher.

Barclays, Deutsche Bank, Lloyds Group and Royal Bank of Scotland gained 1.8% to 3.3%, as four countries, including France, announced a ban on short-selling bank stocks.

In news-driven stocks, ThyssenKrupp AG fell 1.4% following its quarterly earnings declaration.

Elsewhere, Asian shares mostly edged up, tracking a positive close on Wall Street overnight.

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