European stocks traded with a moderate increase. Positive impact on the dynamics of trade had statements by the new British Chancellor Philip Hammond. He said he would do whatever is necessary to stabilize the economy and give confidence to the financial markets after the British voted for withdrawal from the European Union structure. In addition, Hammond said that the country does not need an emergency budget, adding that the government will monitor the economic situation during the summer before the announcement of the fiscal plans in the autumn statement.

At the same time, investors are gradually shifting their focus from political risk to the prospects for corporate reporting. Alcoa Inc. in the US and European companies, including Daimler AG and Burberry Group Plc reported better than expected financial results, signaled the start of a strong earnings season.

Today's oil prices rebound after yesterday's fall of more than 4 percent as improved market sentiment, pushing at the European energy companies to the highest level since November 4 last year.

The composite index of the largest companies in the region Stoxx Europe 600 rose 1 percent, cutting the losses suffered after the British announcement of the referendum results, to 2.1 percent.

All 19 industry groups of Stoxx Europe 600 index show an increase. automakers and mining companies are at the head of growth.

The cost of recruiting company Hays Plc jumped 10 percent after the statements that the amount of profit in 2016 may exceed the expert evaluation.

SEB AB quotes climbed 1.3 percent after the lender said second-quarter profit beating analysts' forecasts.

Shares of insurance company Storebrand ASA rose 5.8 percent, as the company reported an increase in premiums and net profit in the 2nd quarter.

At the moment:

FTSE 6,741.34 +70.94 + 1.06%

CAC 4,387.54 +52.28 + 1.21%

DAX 10,081.53 +150.82 + 1.52%