European stock indexes rose on Wednesday, the second consecutive day following the lifting of quotations of shares of commodity companies, resulting from higher prices for oil and metals, reports Bloomberg.

cost of oil during the auction exceeded the $ 71 mark per barrel for the first time in seven months, copper, lead, nickel and aluminum also went up.

We continue to appreciate in market prospects and believe that he will be able to climb further in the next few months - said managing director of SVM Asset Management Colin Maclean. - We are more inclined to companies that would benefit from rehabilitation China's economy, as well as from higher prices for metals recovery and other emerging markets .

cost of BHP Billiton shares jumped as a result of trades at 4%, Rio Tinto - at 7.3%.

Total Paper

went up by 1,5%, BP - on 1,2%, Repsol - 3%.

Shares Inditex SA, owns the largest network in Europe, clothing, rose in price on 5,4% after the company reported an increase in growth of revenue in the first few weeks of the second financial quarter. Its revenues for the period from 1 May to 7 June, increased by 9% in the first quarter increased by 8%.

The value of securities

Royal Philips Electronics has increased by 2,5% against the backdrop of statements by Heads of Gerard Klyaysterle the fact that Philips well positioned to benefit from economic recovery.

Price

Fiat shares jumped to 5.2%, after Chrysler announced that Fiat and its partners completed the acquisition of assets of American automakers. The combined entity will become the sixth largest in the world automotive.

Papers Siemens went up by 2.4%. European industry group has confirmed the projections of profit and sales for the current fiscal year.

Seventeen of the eighteen stock indexes in Western Europe rose on Wednesday, the exception became the Portuguese indicator.

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