European stocks rise again after the largest two-day drop since 2008, as investors believe that politicians can take action to support the markets after Brexit.

Today in Brussels starts a two-day summit of EU leaders, during which they discuss Britain's decision to leave the Union. British Prime Minister David Cameron will only take part at the first day of the summit.

Investors will also keep an eye on the comments of Fed Yellen. At present, the markets expects with greater confidence that in the foreseeable future, the Fed will not raise rates. In addition, futures on interest rates point to 18 percent chance of lowering rates at the September and November meetings. Up to the British referendum there were zero chance of lowering rates and 52% chance of a rate hike at the September meeting.

According to Goldman Sachs estimates, the eurozone GDP will grow in the next to years by an average of 1.25 percent against the 1.5 percent expected before the vote. As for the US economy, Goldman Sachs is now expecting that GDP growth in the second half of 2016 will amount to 2 percent compared with the previous forecast of 2.25 percent.

Meanwhile, J.P. Morgan experts warn that Britain's exit from the EU will encourage the ECB to ease monetary policy more than expected. According to the analysts, in September, the ECB will implement additional easing by lowering interest rates on deposits by 0.10% and the extension of QE program until 2018.

The composite index of the largest companies in the region Stoxx Europe 600 grew 2.4%.

Italian banks, including Mediobanca SpA, show the greatest increase among the euro area creditors after the vice-president for European Policy Valdis Dombrovskis said that the European Commission is in contact with the Italian authorities on possible support measures after the recent sales. Shares of Greek and Spanish banks also becoming more expensive.

G4S Plc cost jumped by 8.7 percent, reaching the highest level since October 2011, after analysts at Credit Suisse Group AG raised the stock rating to "buy" from "neutral," citing the benefits of a weaker pound and the stability of their business.

Redrow Plc shares rose 2.9 percent. The company said that the amount of the annual profit may exceed analysts' forecasts.

Ocado Group Plc shares rose 8.6 percent as analysts Goldman Sachs Group Inc recommended buying the shares after the retailer reported a further increase in sales.

At the moment:

FTSE 100 6,128.96 +146.76 + 2.45%

CAC 40 4,091.45 +106.73 + 2.68%

DAX 9,474.31 +205.65 + 2.22%