As a result of yesterday's trading session, European stock markets closed with a steady increase amid rising oil prices.

The composite index of the largest enterprises in the region Stoxx Europe 600 rose by 1.8% to 330.14 points.

The British FTSE 100 indicator grew by 2.3%, the German DAX - by 1.6%, the French CAC 40 - by 1.25%, the Italian FTSE MIB - by 1.91%, the Spanish IBEX 35 - by 1.28%.

Oil was actively rising last night. On Wednesday, traders also evaluated the financial statements of several European companies.

Ericsson shares rose by 4.6%. The world's largest manufacturer of equipment for wireless networks has confirmed its target financial indicators, noting only the limited impact of the new coronavirus on its results.

 

The price of Akzo Nobel securities increased by 7.9%. The chemical company reported profit growth in the 1st quarter.

Shares of the Swiss pharmaceutical company Roche Holding rose by 2.7%. In the 1st quarter, the company's revenue amounted to 15.14 billion Swiss francs ($15.61 billion) against $14.82 billion a year earlier. Roche confirmed its forecast for the current year and announced that it plans to increase dividends.

The capitalization of the Dutch Randstad decreased by 1.4%. The company announced a reduction in management premiums due to an "unprecedented decline" due to an outbreak of coronavirus.

UniCredit (MI: CRDI) stock quotes rose by 1.9%. The Italian bank said it is increasing its reserves to cover potential loan losses by 900 million euros ($977 million). Also, UniCredit predicts a 13% drop in Eurozone GDP this year due to a pandemic. According to the bank's forecast, in 2021, the region's economy will grow by 10%.

Shares of the Irish producer of building materials CRH went up by 6.7%. The company's sales increased by 3% in the first quarter. CRH intends to pay dividends of EUR 0.63 per share but has postponed a share repurchase program.

The data released yesterday by the UK Office of National Statistics (ONS) showed that consumer prices in the country rose by 1.5% in annual terms in March 2020. Thus, inflation slowed down in comparison with the February data of 1.7%.