FTSE, CAC and DAX closed on a lower note

[gnutrade.satya]

The European stocks, namely the FTSE, DAX and CAC closed on a lower note on wednesday as banking shares were down as investors became jittery following Germany's move to ban naked short sales of a range of financial assets.
Bill McNamara, analyst at Charles Stanley in Sweden said: "The markets never like governments interfering in what they regard as the efficient running of markets. A ban on short selling tends to have the adverse effects of sending traders looking for other methods of shorting the market. It just doesn't settle the nerves in the way politicians seem to think it will. Investors should continue to expect high levels of volatility."
FTSE, CAC and the DAX fell 2.7 to 2.9 percent.