European Stocks Gain on Fed-Cut Bets; FTSE 100 Rises on Budget

European stocks followed global markets higher as traders raised bets on a December interest-rate cut by the Federal Reserve. UK stocks advanced as investors responded positively to the long-awaited budget.

The FTSE 100 Index gained 0.9% at the close. UK Chancellor Rachel Reeves’s budget delivered larger-than-expected fiscal headroom, pushing bond yields lower and supporting rate-sensitive sectors such as banks, insurers and real estate.