European stocks rally ahead of Fed decision

Wednesday, 26. January 2022 12:29

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.

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