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Ahead of the Fed announcement European bourses opened Fall

European shares eased on Friday (26 / morning, adding to losses the previous session, but the extension of ban on short selling financial stocks and derivatives appear to support banking shares.

Citing Reuters, Volume, however, remained thin ahead of a speech the U.S. Federal Reserve Ben Bernanke at Jackson Hole central bank meeting, where he seems to stop briefly to announce the third round of the Fed purchases of bonds. European FTSEurofirst 300 index fell 0.7 percent to 918.57. This index has risen about 4 percent since falling to their lowest level two years earlier this month. “It has undergone a technical rebound, but there is also a strong regulatory dimension to this recovery,” said Vincent Ganne, technical analyst at TradingSat.

“The government wants to stop the bleeding at all costs by the ban, but will it really work?”

Bank stocks rose, with Societe Generale rose 1.2 percent and UniCredit was up 0.3 percent.

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