Big Week for Autos, Pharma and Banks

Over 1,200 companies report this week. Today kicks things off with Roche posting results. The Swiss pharma giant carries a $379bn market cap. Rentokil Initial and Sasol also report today.

Thursday brings the most watched auto prints. Volvo Car reports alongside Renault. ORTEX alt data offers a mixed read for both. Austrian car registrations are running 6% above last year, pointing modestly higher for Renault revenue. Dutch registrations are down 19%, a counterweight. For Volvo Car, Finnish registrations are tracking 9% below the same quarter last year. India registrations point the other way, up 9%.

Also Thursday, Maruti Suzuki reports in India. India registration data, which leads Maruti revenue by 58 days, is running 31% above last year.

Mercedes-Benz and Volkswagen follow later in the week. Dutch registrations, a strong leading indicator for Mercedes revenue, are down 6% year on year. VW faces Austrian registrations down 6%.

No IPOs are scheduled in the next seven days.

On the index front, PBF Energy sits on the knife-edge between the Russell 1000 and Russell 2000. The 30 October rank date decides. A swing either way could force between $411m and $1.1bn of tracker flows.

Taiwan export orders hit a record $114.2bn in September, up 62% year on year. That context matters for any tech supplier reporting this week.