European stocks rocketed

European stocks are bouncing for a second consecutive day on Thursday after the US Federal Reserve left interest rates on hold on Wednesday, giving stocks a leg up.

In tandem with the Bank of Japan's decision on Wednesday morning to leave its rates unchanged and tweak its existing stimulus, the Fed's hold — and its signal of a possible hike in December — has helped to boost risk appetite in Europe's markets during early trading, with all major bourses higher by more than 1% on the day.

Near the top of the pile on Thursday is the DAX 30, Germany's blue-chip index, up more than 2.2%, with every single stock on the index up more than 0.5% following the Fed's decision. No individual shares are standing out, although RWE, a utilities company tops the index, 4.2% higher.

Elsewhere, Italy's FTSE MIB was higher by 1.73%, led upwards by a continued rebound in banking stocks. The MIB was Wednesday's largest gainer.

Here is how it looked:

FTSEMIB1

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In Britain, the FTSE 100 once again lagged behind its cross-channel peers, but was still up more than 1.14%, with mining stocks topping the index. Gold miner Fresnillo, the best performing share so far in the UK's top index, up more than 5%.

Elsewhere in the markets, oil is higher after a surprise third consecutive weekly U.S. crude inventory draw tightened the market. As a result, US WTI crude is higher by 2.05% to $46.27, while Brent is up 1.37% to $47.47 per barrel.

Gold is up by around 0.74% to trade at $1,341 per ounce.

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