DE30: European stocks surge higher as investors brace for Fed decision

• European indices trade higher on Wednesday
• DE30 approaches local support at 15,500 pts
• RWE (RWE.DE) to build Denmark’s largest offshore wind farm

European indices launched today's session higher, currently major indexes gain approx. 2% on average as investors prepare for a key US Fed monetary policy decision later in the day. Markets want to see whether the FED will maintain its hawkish rhetoric despite recent  downward correction which hit several markets. Also geopolitical tensions are likely to remain in focus after U.S. President Joe Biden said he would consider personal sanctions on President Vladimir Putin if Russia invades Ukraine. 

DE30 launched yesterday's session lower, however buyers managed to regain control in the afternoon and erase most of the early losses. Index bounced off the psychological support at 15 000 pts which is marked with lower limit of the 1:1 structure and is currently approaching local resistance at 15 500 pts which coincides with 200 SMA ( red line). Source: xStation5

Company news:

RWE (RWE.DE) has signed a concession agreement with the Danish Energy Agency for the right to construct and operate the Thor offshore wind farm for 30 years.

RWE (RWE.DE) stock fell sharply this week, however buyers manage to halt declines around major support zone at €34.40 which is marked with 23.6% Fibonacci retracement of the upward wave launched din March 2020, lower limit of the ascending channel and 50 SMA (green line). If bulls will manage to uphold momentum, then another upward impulse towards recent highs at €36.80 may be launched. On the other hand, should break below the aforementioned support occur, the next target for sellers is located at €32.43 and coincides with 200 SMA ( green line) and lower limit of the 1:1 structure. Source: xStation5

Asset manager Allianz  Global Investors, part of insurer Allianz (ALV.DE), announced today it had set up a new unit focused on 'impact' investing in private markets, as part of a sustainable investing drive.

Lufthansa (LHA.DE) announced partnership with the parent group of MSC Cruises in order to buy a majority stake in Italy's ITA Airways, the company created from the ashes of former Italian flagship airline Alitalia.