European Pre-Market Summary 16th October 2026: European bourses set for a stronger open; NDX1 GY jumps after a lift in guidance

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