European stocks rise, in mirror Asia gains (AFP)

London (AFP) - the stock European markets rose Wednesday after gains across Asia and before the quarterly earnings of U.S. bank JPMorgan Chase, but concerns persisted over the nuclear crisis in the Japan.

Traders Meanwhile await publication of the US Federal Reserve Beige Book periodic assessment Wednesday regional economies.

Benchmark FTSE 100 in London added 0.97% to 6,022.64 points in noon trade, DAX 30 Frankfurt increased 1.03% to 7,176.29 points and in Paris, the CAC 40 won 0.81% to 4,008.72.

The Stoxx 50 of the largest companies in the euro area index acquired 0.72% to 2,953.47 points.

For the foreign exchange markets, the euro climbed back above $1.45 Wednesday declining expectations the Federal Reserve would soon follow the European Central Bank, by increasing interest rates to combat high inflation.

"Next to the Atlantic, reports United States season continues, with analysts expect that JPMorgan will report an increase of more than 50 percent in the first quarter profit before the opening bell," said trader selling IG Index Will Hedden.

"The Fed Beige Book is also because felt release today and it is the Central Bank of the anecdotal roundup will have more importance than usual view of the serious concerns about inflationary pressures in the markets."

Asian markets have increased in the same time on Wednesday as dealers sought bargains after two days of big losses, but investors remained cautious in the ongoing uncertainty over the nuclear crisis in the Japan.

Tokyo rose 0.90%, as a weaker yen support for exporters, while Hong Kong won 0.66%, added Sydney 0.25%, Seoul jumped 1.56% and Shanghai increased by 0.96.

However, sentiment was tempered by a decision of the Japan Tuesday to raise the level of crisis at the Fukushima Daiichi nuclear power station in the same way of Chernobyl in 1986, after a series of forts replicas of earthquake on March 11.

Asian markets were sent tumbling after earthquakes Monday and Tuesday, which has renewed concerns about the economic prospects of the Japan.

"The situation in the Fukushima plant will keep drawing the attention of the market," said analyst of the Bank of Tokyo - Mitsubishi UFJ Teppei Ino.

Despite the concerns TEPCO, which operates the troubled plant, ended 11.55 percent higher at 502 yen after a report that other Japanese utilities may be called upon to assist the company in compensation. However, TEPCO has lost about 80 percent since March 10.

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