London, June 28 (BridgeNews) - European markets moved higher in late-afternoon trading after taking direction from a strong U.S. opening after investors digested the latest quarter point cut made by the Federal Reserve. The U.K.'s FTSE-100 index was up 30.5 points at 5,592.1 and Germany's Xetra DAX-30 was up 116.07 points, or 1.99%, at 5,836.17.