European Markets Rally on Fed Rate Cut and Tech Stock Surge

European stock markets closed higher today, buoyed by the U.S. Federal Reserve’s decision to cut interest rates and a surge in tech stocks fueled by Nvidia’s $5 billion investment in Intel. Frankfurt’s DAX index led the gains, climbing 1.35%, followed by a 0.87% rise for the CAC 40 in Paris. London’s FTSE 100 saw a more modest increase of 0.21%.