European stocks rally ahead of Fed’s rate decision

The European markets finally ended four-straight sessions of consolidation and broke to the upside this Wednesday, as markets adjust their positions heading into the US interest rates decision due later in the American afternoon today.

Moreover, the moods amongst the traders were lifted on a bunch of upbeat earnings reports from the Euro are economies, with shares of the companies such as  LVMH Moet Hennessy Louis Vuitton SE and and Rightmove Plc trading with size-able gains.

Furthermore, amid a data-quiet European session, markets cheered upbeat UK second quarter GDP figures, with focus now shifting towards the Fed decision.

Currently, Germany's DAX 30 index now jumps +0.85% to 10,335, while the UK's FTSE index trades +0.33% higher at 6,746. Among other European indices, the French CAC 40 index rallies +1.47% to 4,458, while the pan-European Euro Stoxx 50 index advances +1% to 3,010 points.