Big Tech, Autos and a Record Taiwan Signal

The week's biggest print lands Tuesday after the close. MSFT reports on October 28, with GOOGL following the same day. Together the two carry a combined market cap above $5.9 trillion. APH and CDNS also step up mid-week in the connector and EDA software spaces.

Today brings ROP, BFH and GRCO to the stand. Monday sets the tone for industrials and financials before the tech heavyweights arrive. KO and SPGI follow on Monday, each watched as proxy reads on consumer spending and capital markets volumes.

In Europe, VOLCAR B reports Thursday. Finnish car registration data leads Volvo Car revenue by 22 days with a moderate fit, and is currently running 9% below the same quarter last year across three months of data. India registrations show the reverse, up 9% year-on-year on the same lead. The two signals pull in opposite directions heading into the print.

MBG reports Wednesday October 28. Dutch car registrations, a strong-fit leading indicator for Mercedes revenue, are running 6% below last year through a full three months. That is a modest drag heading into the print.

Taiwan export orders hit $114.2bn in September, up 62% year-on-year and the largest September on record. That tailwind sits behind the semiconductor supply chain as chip-exposed names report through the week.

No IPOs are scheduled in the next seven days.