(Reuters] European shares rose Wednesday on positive earnings reports from European food and beverage businesses. But, gains were limited by worries regarding the Ukraine war, slowing economic growth, and rising yields.

The pan-European ticked up 0.5%, as banks and food & beverage stocks rose 1.3% each.

During this time, the stockpiles of oil and mining fell by 0.8% and 0.5% respectively.

Danone jumped 7.2% after the French food group posted stronger-than-expected first-quarter sales growth and maintained its 2022 targets.

Heineken (OTC) NV rose 3.3% following a stronger rise in its first quarter beer sales, as European bars reopened. This allowed the company to stick to their 2022 forecast.

Credit Suisse The SIX: fell 1.9% following statements by the Swiss Bank that it expected a net loss in its first quarter and greater negative effects from Russia’s invasion.

Despite the fact that German producer prices increased by 30.9% in March compared to the previous year, this was due to the impact of the Ukraine conflict, according data released Wednesday.