Heavy Week for European Autos as Big Tech Reports

Today brings confirmed earnings from MUSA Murphy USA, AvalonBay Communities and Telenor, with the European auto sector dominating the days ahead.

Mercedes-Benz reports today. Dutch car registration data, a leading indicator for Mercedes revenue, is running 6% below the same quarter last year. Finnish registrations tell a different story, up 36% year-on-year. The two signals pull in opposite directions, making this print harder to call.

Volkswagen follows on Thursday. Austrian car registrations, which lead VW revenue by 18 days, are also down 6% on last year's quarter. That points to further pressure on the group's top line.

Renault reports Thursday too. Dutch registrations, a leading indicator for Renault revenue, are running 19% below last year. Austrian data is slightly positive at plus 6%, offering a partial offset.

Friday sees Kia Corporation post results. Austrian registrations lead Kia revenue by 45 days and are running 9% above last year, a mild positive signal.

No IPOs were found scheduled in the next seven days. The Russell 2000 ranking cut-off falls on Thursday, with Twist Bioscience sitting 1.7% above the Russell 1000 entry line. A confirmed move would trigger an estimated $529 million of forced buying.

Ferrari rounds out the week on 3 November. Austrian registrations, a weak-fit leading indicator, are running 75% below last year's quarter, though Ferrari's order-driven model limits the read-across from broad registration data.