Autos Dominate a Busy Week Ahead

Ferrari opens the week today. Austrian car registration data, which leads Ferrari revenue by 22 days, is running 75% below last year's quarter. That is a weak-fit signal, but it points to caution heading into the print.

Grab Holdings also reports today. Southeast Asia's super-app trades at an $11.7bn market cap. Singapore visitor arrivals from China hit a six-year September high of 218,674, per ORTEX alt data. That points to a supportive consumer backdrop for Grab's home region.

The auto sector dominates the rest of the week. Renault and Polestar both report Wednesday. German car registrations, a strong-fit leading indicator for Polestar revenue with a 50-day lead, are running 32% above last year. Dutch registrations tell a different story, down 68% on the same period. The two signals pull in opposite directions.

Honda reports Thursday. Japanese car registrations lead Honda revenue by 65 days with a strong fit rating. That series is running 10% below last year's quarter across all three months. It is one of the cleaner reads on the week's auto calendar.

Mahindra & Mahindra also reports Wednesday. India domestic vehicle sales rose 24% year-on-year in October, the third straight monthly gain, per ORTEX alt data. M&M is one of India's largest automakers and stands to benefit directly from that trend.

No IPOs are scheduled in the next seven days.