Big Week: Autos, Banks and Tech Report

Today brings a broad sweep of confirmed earnings. Swedbank reports this morning, one of the largest Nordic banks at $44.8bn market cap. Sandvik also posts today. In Europe, Schindler and Rentokil Initial are out now.

Thursday sees the auto sector take centre stage. Volvo Car reports on 23 October. Finnish car registration data leads Volvo Car revenue by 22 days and is running 9% below the same quarter last year, per ORTEX Alt Data. India registrations, another leading dataset, point 9% higher year-on-year. The two signals are pulling in opposite directions heading into the print.

Also Thursday, Tata Motors and Maruti Suzuki report in India. India registrations data, which leads Maruti revenue by 58 days, is tracking 31% above last year's quarter.

Later in the week, Mercedes-Benz posts on 28 October. Dutch car registrations, a strong-fit leading dataset for Mercedes revenue, are running 6% below year-ago levels.

No IPOs are scheduled in the next seven days.

The Russell 1000 cut-off falls on 30 October. 10x Genomics needs just a 0.5% rise to cross into the index, triggering an estimated $443m of forced buying, per ORTEX Index Rebalance Radar. Vaxcyte sits just above the line. Both stocks face a binary outcome at month-end.