European Movers: Bunzl (BNZL LN) +1.8%, Michelin (ML FP) -2.0%, Hermes (RMS FP) -2.1%, STOXX 600 Basic Resources -3.0%, STOXX 600 Technology -2.4%, ASML (ASML NA) -3.8%, STMicroelectronics (STMPA FP) -5.4%
Newsquawk Staff ·
- Bunzl (BNZL LN) +1.8%: Upgrades 2026 outlook.
- Michelin (ML FP) -2.0%: Global OEM Tire Market -8% Y/Y
- Hermes (RMS FP) -2.1%: Downgraded to Hold from Buy at HSBC
- [EARNINGS CALL] Lam Research (LRCX) says its preliminary CY27 wafer fabrication equipment outlook exceeds USD 200bln (exp. CY26 USD 150bln), driven by DRAM, NAND and foundry/logic demand
- US Market Wrap: Stocks gain as tech earnings begin
- Lam Research (LRCX) Q1 2027 (USD): Adj. EPS 2.20 (exp. 2.18), Revenue 8.22bln (exp. 8.13bln),
- Newsquawk Daily US Earnings Estimates - 22nd October 2026: BX, LMT, VLO, PG, UNP, WDC, NEM, SPOT
- US EQUITY OPEN: Indices in the green underpinned by SPCX & SMCI as Mag-7 earnings await after-hours
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