Hopes on the Federal Reserve to reduce interest rates on Wednesday offset concerns about the Italian budget and helped Western Europe indexes rise.
The main index of the region STOXX 600 added 0.42 percent, to 374.24 after the promise of the head of the U.S. central bank Jerome Powell to act "properly" in combating the growing risks of a trade war.
The pan-European stock index in May showed its worst monthly result for the last three years against the background of trade tensions between the United States and China, which have no signs of weakening.
Investors perceived this as a departure from the “patient” approach taken by the Fed in recent months, and an impetus for a likely revision of the European Central Bank’s policy on Thursday, when low inflation provides grounds for greater stimulus.
The attention of market participants was riveted on Italy as local newspaper reported that Brussels could begin a disciplinary procedure against the country due to non-compliance with EU budget rules.
The FTSE MIB index in Milan was trading in a flat near the level of the previous close of 20,228.69. Italy's banking sector went down by 0.86 percent.
The British FTSE 100 rose 0.29 percent, to 7,235.46;
The German DAX added 0.43 percent, amounting to 12,022.09;
The French CAC 40 increased by 0.54 percent, to 5,296.70;
The Spanish IBEX 35 rose 0.43 percent, and was near 9,956.50.
The capitalization of the French aviation company Dassault Aviation rose by 4.57 percent after Goldman Sachs upgraded its stock rating to “purchase”, citing capital flexibility and a low-priced rating.
Some more companies, that showed a jump in shares on Wednesday: Norsk Hydro (+3.59), British American Tobacco (+3.36), Prudential (+3.70), Carnival (+3.10), Glencore (+2.40), Vodafone (+2.68), Tesco (+2.40), CRH (+2.47), Rolls-Royce (+2.51), Associated British Foods (+2.56), Legal & General (+2.86), Ferguson Plc (+2.32), IAG (+5.25), Ashtead Group (+4.99), Mondi (+2.03), 3i Group (+2.05), Burberry Group (+4.24), Antofagasta (+2.66), Schroders (+3.34), TUI (+4.99), Persimmon (+4.97), Ds Smith (+2.95), RSA (+3.00), ITV (+3.76), St. Jamess (+2.48), Barratt Developments (4.38), Kingfisher (+2.83), Easyjet (+6.69), Berkeley Group (+5.18), Fiat Chrysler (+3.08), Exor (+3.45), Telecom Italia (+3.24), Moncler (+4.26), Prysmian (+4.68), Saipem (+7.14), Salvatore Ferragamo (+3.96), Mediaset (+2.60), Banca Generali (+4.14), Azimut Holding (+3.75), BASF (+4.45), Daimler (+4.08), Continental (+3.81), Linde (+3.38), Wirecard (+3.06), Deutsche Bank (+3.72), Thyssenkrupp (+4.22), Lufthansa (+3.13), LVMH (+3.42), ArcelorMittal (+4.67), Renault (+4.91), Peugeot (+3.50), Michelin (+3.34), Stmicroelectronics (+3.86), Accor (+2.43), Atos (+2.70), Valeo (+5.85) and etc.