European Equity pre-Market Summary - 16th September 2026: European bourses point to a firmer open as markets await for the Fed decision

Stories Babcock (BAB LN) - Affirms FY26 outlook and medium-term guidance. Renault (RNO FP) - Announces a new BRL 2bln investment in Brazil with Geely to produce a new Renault vehicle. Intesa Sanpaolo (ISP IM), BMPS (BMPS IM) - Italy's competition authority opened an investigation into the bid by Intesa Sanpaolo to take over BMPS. UK Gambling - FT reports that Chancellor Healey is reportedly considering raising gambling taxes, with officials looking at ways to increase machine gaming duty in a way that targets betting shops and AGCs. Broker Moves BMW (BMW GY) +1.4% - Upgraded to Buy from Hold at Berenberg. Soitec (SOI FP) +7.6% - Upgraded to Overweight from Neutral at JPMorgan. Stellantis (STLAM IM/STLAP FP) - Downgraded to Hold from Buy at Berenberg. Norsk Hydro (NHY NO) - Downgraded to Sector Perform from Outperform at RBC. The numbers after the Co. & ticker are the pre-market indication via Tradegate