European Pre-Market Summary 16th October 2026: European bourses set for a stronger open; NDX1 GY jumps after a lift in guidance
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European Pre-Market Summary 16th October 2026: European bourses set for a stronger open; NDX1 GY jumps after a lift in guidance
Chinese Finance Minister met with the EU Economy Commissioner Dombrovskis, ECB President Lagarde and Eurogroup President Pierrakakis
Notable FX Option Expiries for today's NY cut: 16th October 2026
On the Newsquawk feed at , 20 minutes before this page.
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Stories
- UK Banks: UK Chancellor Healey is to reportedly raise taxes on banks at the Autumn Budget, Bloomberg reports.
Earnings
- Wise Group (WISE LN): Reported Q2’27 results, which saw Net Revenue and Cross Border Volume rise from the prior. Co. also guides FY27 net revenue growth in the upper half of its 15-20% medium-term target.
- Nordex (NDX1 GY), +9%: Reported Prelim. Q3’26, which saw revenue and EBITDA top expectations, whilst also raising its FY EBITDA margin.
- Schneider Electric (SU FP), +4%: Reported a beat on its Q3’26 revenue figure, and lifted its FY Adj. EBITA Organic Growth guidance.
- Brunello Cucinelli (BC IM): Reported Q3’26, where Revenue marginally topped expectations; Co. raised its FY26 revenue growth.
Broker Moves
- Lloyds (LLOY LN): downgraded to Sector Perform from Outperform at RBC
- Nestle (NESN SW): upgraded to Overweight from Neutral at JPMorgan
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