Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Today the calendar kicks off with weight. Nestlé reports this morning, the Swiss food giant carrying a market cap near $250bn. Schneider Electric follows shortly after, with $162bn at stake.
Also today, Regions Financial posts its quarterly numbers. The Alabama-based bank is one of the larger US regional lenders. Swedish investment group Avanza Bank also reported early this morning.
The week's biggest draws come later. General Motors reports Monday 20 October. German car registrations, a dataset that leads GM revenue by 15 days with a strong fit, are running 133% above the same quarter last year across all three months. That reading is a strong backdrop heading into the print.
Tesla follows on Tuesday 21 October. The same German car registration data leads Tesla revenue by 43 days. It is running 269% above year-ago levels, three months in a row.
On the index front, Fabrinet faces mounting pressure. Its MSCI World deletion probability jumped from 8% to 49% overnight. The ranking cut-off is Monday. If it exits, index trackers face $826M of forced selling, equal to 2.4 days of normal volume.
No IPOs are confirmed in the next seven days.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
