European stocks set to rise as UK economy stagnates
European Market Outlook: European stocks are expected to open higher, with futures for major indices like the Stoxx 50, FTSE 100, DAX, and CAC 40 all up by 0.3%.
U.K. Economic Data: The U.K. economy showed no growth in July, following a 0.4% increase in June, which may influence the Bank of England's upcoming monetary policy decisions.
Corporate Developments: Spanish bank Sabadell's board has recommended that shareholders reject a hostile takeover bid from BBVA, while Ryanair's CEO indicated plans to cut 1 million tickets to Spain due to tax disputes.
U.S. Federal Reserve Expectations: Investors are anticipating a 25-basis-point rate cut from the U.S. Federal Reserve during its meeting on September 16-17, following a rise in core inflation to 3.1% in August.
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