Autos, Luxury and Index Drama Fill a Busy Week

Today brings confirmed earnings from MONC (Moncler), luxury goods bellwether, and L (Loews Corporation) in the US. ABDN (Aberdeen Group) also reports in London. No IPOs are scheduled in the next seven days.

The busiest day is Wednesday, when the automotive sector dominates. RACE (Ferrari) reports Tuesday, with Austrian car registration data running 75% below the same quarter last year, a dataset ORTEX Alt Data measures as leading Ferrari revenue by 22 days. HMC (Honda Motor) is due Thursday, where Japanese car sales are running 10% below the prior-year quarter, a strong-fit leading indicator for revenue.

PSNY (Polestar) reports Wednesday. Dutch car registrations, a strong-fit leading indicator, are running 37% below last year's quarter, though German car data is pointing 32% higher. The mixed signals make the print hard to call. RNO (Renault) also reports Wednesday.

Away from earnings, the MSCI World November review looms. Xero sits just 2.3% above its exit line, with $522M of forced selling flagged if it is removed. The announcement falls on 11 November. For Russell 2000, LTH and UMBF face 90% deletion odds, with announcement expected 13 November.

No new listings are expected on US exchanges this week.