Stock indices in Western Europe are rising during trading on Wednesday, investors are analyzing company reports for the second quarter. Improvement in sentiment on European stock exchanges is also associated with the recovery of the American stock market after a large-scale sale on Monday. The focus of traders this week is the meeting of the European Central Bank (ECB), the results of which will be announced on Thursday. At the same time, the situation with the spread of a new strain of coronavirus in the world and its consequences for the world economy remains the main cause for concern of traders in the stock markets. The composite index of the largest enterprises in the region Stoxx Europe 600 by 11:30 Moscow time rose by 1.34% and amounted to 452.61 points. As of 12:05 Moscow time, the British FTSE 100 indicator increased by 1.46%, the German DAX – by 0.73%, the French CAC 40 – by 1.27%. Italy’s FTSE MIB and Spain’s IBEX 35 added 1.50% and 1.97%, respectively. Novartis AG shares are up 0.9%. The Swiss pharmaceutical company increased net income and revenues in the second quarter of 2021, but the first figure fell short of analysts’ expectations. ASML Holding NV shares are up 3.5%. Europe’s largest chip maker boosted second-quarter net income and improved its annual revenue forecast, and announced a stock buyback program of up to € 9 billion by the end of 2023. Daimler AG shares are up 0.8%. The German automaker has confirmed its financial forecast for 2021, but has lowered its estimate of car sales due to a continuing chip shortage. The leaders of growth among the components of the Stoxx Europe 600 index are shares of the British retailer Next PLC, which are up 8.9%. The company improved its full-year earnings forecast on the back of better-than-expected revenues in the second quarter. At the same time, the shares of the Dutch food and biochemical company Corbion NV are the leaders in the decline in quotations, losing 7.5% in price. German SAP SE shares are down 2%. The world’s largest manufacturer of enterprise management software reduced operating profit and revenues in the second quarter, but increased net income and raised its target for the current year, anticipating accelerated growth in revenue from cloud services. Source: FINMARKET.RU