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1/26, 12:29 PM (Source: TeleTrader)
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European stocks rally ahead of Fed decision

European stocks extended gains from earlier in the session as investors awaited the United States Federal Reserve's latest monetary policy decision.

The DAX rallied 1.97% or 300 points at 12:27 pm CET. Siemens, Covestro and Airbus led the gains as their stocks soared more than 5%.

The FTSE 100 climbed 1.55% at 12:28 pm CET with IAG surging 6.83%.

The CAC 40 jumped 2.04% at 12:27 pm CET. The best performers were Renault and Alstom, up 5.43% and 5.04% respectively.

Baha Breaking News (BBN) / NP