Big Week: Autos, Banks, and a Record Print

Earnings season hits full stride this week. Dow Inc. reports today, kicking off a stretch of major industrials results.

In Europe, Sartorius Stedim Biotech and Schindler Holding both post numbers today. Skandinaviska Enskilda Banken also reports, adding to a busy day for European financials.

The auto sector dominates Thursday and beyond. Volvo Car reports on 23 October. ORTEX alt data shows Finnish car registrations running 9% below year-ago levels. India registrations, a leading indicator for the company's revenue, are running 9% ahead of last year. The two signals pull in opposite directions heading into the print.

Mercedes-Benz follows on 28 October. Dutch car registrations, a dataset with a strong historical fit to Mercedes revenue, are running 6% below last year. Finnish registrations show a brighter picture, up 36% year on year.

No IPOs are scheduled in the next seven days.

On the index front, the Russell 1000 December cut-off falls on 30 October. 10x Genomics needs just a 0.5% gain to cross the entry line, which would trigger an estimated $443M of forced buying by index trackers.

Taiwan's September export orders hit a record $114.2bn, up 62% year on year. That backdrop gives tech-exposed names reporting this week a favourable demand environment to report into.