European stock indexes rose on Wednesday to 1-1,5% for positive corporate reports, reports Bloomberg.

Dow Jones Stoxx 600 jumped-up bid for 1.02%, after falling during the first two days of the week.

value of the shares of German energy group E. ON jumped to 5.4%. The company increased its profit in the first half of 2009 to 4% by improving the generation of electricity in connection with the expansion of operations in Italy, France and Spain.

In addition, E. ON had improved the profit outlook for the current year, and expects it to decline 5-10%, whereas the previously projected 10% reduction.

Papers Balfour Beatty, Britain's largest construction company, went up by 8.3% after reporting an increase in its pretax profit in the first half by 14%.

price of shares Nobel Biocare, a leading global manufacturer of products for dentistry, soared 14%. Net profit of the company during the second quarter grew by 16% - to 28.2 million euros, surpassing analysts' average forecast of 22 million euros.

Companies have done a good job of reducing costs, and therefore, their statements presented to us pleasant surprises - notes manager Royal London Asset Management, Jane Coffey. - You can expect the economic recovery, but her recovery will be difficult.

Nestle Shares

cheaper by 4%. Net profit of the largest world producer of food products decreased during the first half of 2009 for the first time in 6 years and amounted to 5.07 billion Swiss francs ($ 4.7 billion). Nevertheless, the figure exceeded the consensus-forecast of analysts, which was 4.82 billion Swiss francs.

profits Stoxx 600 index, published reports on the results of the last quarter, declined by an average of 36%. At the same time, financial performance, less than half of them exceeded the forecasts of the market.

The value of securities

Lanxess AG dropped by 3.6%. The German chemical company reduced its net profit for the second quarter by 69%.

According to Deutsche Bank strategist Jim Reid, the rally in European stock market correction is in the bear trend and you can expect the fall of quotations of shares by the end of this year.

evidence that the global economy recovers and investors' confidence grows, increases, - said the expert. - Nevertheless, there is still a risk that we maintain caution, particularly given the recent strong rally and high stock quotes .

price of shares in companies Stoxx 600 Index to their profits at theend of last week was 40.1, which is the highest level since September 2003.