[MARKET ANALYSIS] European bourses helped by lower energy prices; RBI AV refutes Grizzly's short position

European bourses are firmer across the board, helped by lower energy prices, while the rebound in fixed income is also lifting equities. For the FTSE 100 specifically, focus will be on the BoE decision, with a hold expected at 3.75%.  Sectors have a clear positive bias. Travel & Leisure top the sector pile, with Industrials and Telecoms following closely behind. Only sectors in the red are Optimised Personal Care, Real Estate and Construction. Key movers include: Bilfinger (-19.9%), cuts its FY26 outlook citing geopolitical concerns; Raiffeisen Bank (-8%), Grizzly Research is short the name; UBS (+0.9%), Upper Court lawmaker withdraws motion to send the Banking Bill back to the Federal Court; Next (+1.3%), H1 revenue and PBT beat estimates and raises its FY26 PBT guidance.  US equity futures have steadily bid higher throughout the European morning, with the ES completely reversing the downside following the hawkish FOMC announcement. To recap,  the Fed hiked rates by 25bps to 3.75-4.00%, in a surprise unanimous decision. The median projection saw another hike by year-end before rates remain on hold throughout 2027, although 8 participants see an additional hike in 2027.