Autos in the Dock as Earnings Week Arrives

Tomorrow kicks off a busy earnings stretch. Ferrari reports on Tuesday, 3 November. Polestar follows on Wednesday.

The backdrop for both is difficult. India recorded just 85,038 new car registrations in October 2026, the smallest October on record since 2017, according to ORTEX Alt Data. That matters for suppliers and volume makers alike. For Ferrari, Austrian car registrations lead revenue by 22 days and are running 75% below the same quarter last year, three months in.

Polestar faces a split signal. Dutch registrations, which carry a strong leading fit, are running 37% below the same quarter a year ago. German registrations, also a strong fit, are running 32% above. The net effect is uncertain, but the weak Dutch trend is the more closely tracked series.

Later in the week, Honda reports on Thursday, 6 November. Japanese car registrations lead Honda's revenue by 65 days with a strong fit. They are running 10% below the same quarter last year, three months in.

Renault also reports on Wednesday. Dutch registrations, a moderate leading indicator, are running 19% below year-ago levels. Austrian registrations are roughly flat, up just 6%.

No IPOs are scheduled to price in the next seven days.

On index watch, the MSCI World November review announces on 11 November. Xero sits just 2.3% above the deletion line, with a 52% exit probability. Forced selling would reach $522M if it crosses the threshold, equivalent to 12.5 days of normal volume.