European stocks rose for a second day, slowly recovering after a collapse on the background of the referendum on Britain's membership of the EU. Support to the markets was expectations that central banks will take additional stimulus measures to limit the impact of Brexit, as well as the rise in oil prices.

EU summit warned Britain that its decision is final, and called of the government of the country as soon as possible begin the formal exit procedures and discuss future relations. Financial markets are expected to remain volatile while the UK will try to resolve the issues with the EU.

However, market participants believe that the risks are now weaker than in the period of the bankruptcy of Lehman Brothers, which led to the global financial crisis, and as compared with the peak of the European debt crisis. "People are beginning to realize that the problem is more about a country and does not affect other markets, yet it does not pose a significant risk for the global economy." - Said Andrew Sheets, Morgan Stanley analyst.

The composite index Stoxx Europe 600 of the largest 600 companies in the region grew by 2.1 percent. Among the 19 industry groups shares of mining companies and energy producers grew the most.

Capitalization of GAM Holding AG rose 7.3 percent after the acquisition of Cantab Capital Partners LLP, a firm that uses mathematical models to determine when and which securities to buy and sell.

The cost of the tour operator TUI AG dropped 3.8 percent against the backdrop of coordinated terrorist attacks in Istanbul airport.

Shares of Deutsche Lufthansa AG fell 2.8 percent after the company announced plans to launch a internet satelite on board the short-haul flights, starting in October.

At the moment:

FTSE 100 6,294.28 +153.89 + 2.51%

CAC 40 4,196.98 +108.13 + 2.64%

DAX 9,626.13 +178.85 + 1.89%