European equities poised to open higher as UK economy flatlines
CNBC·2025-09-12 06:43
Corporate News - Spanish lender Sabadell's board unanimously recommended shareholders reject a hostile takeover bid from domestic peer BBVA [3] - Ryanair CEO Michael O'Leary indicated the budget airline is prepared to cut an additional 1 million tickets to Spain due to ongoing disputes over the country's taxation policies [3] Economic Data - The U.K. economy recorded zero growth in July, following a 0.4% expansion in June, which may influence the Bank of England's upcoming monetary policy decisions [2] - U.S. core inflation rose to 3.1% on an annual basis in August, setting the stage for a potential 25-basis-point rate cut by the U.S. Federal Reserve in their upcoming meeting [4]