Auto Week: Carmakers Dominate a Busy Earnings Slate

The auto sector owns this week's earnings calendar. From Tokyo to Mumbai, carmakers report in the next four days against a backdrop of sharply mixed registration data.

Ferrari kicks off today. Austrian car registration data, a leading indicator for Ferrari revenue, is running 75% below last year's comparable quarter. That is a notable signal heading into the print.

Honda reports Thursday. Japanese car sales data, which has a strong historical fit as a revenue lead, is running 10% below the same quarter last year. Polestar, also reporting Thursday, faces a split read. Dutch registrations point 68% lower year-on-year. German registrations point 32% higher. The divergence makes the print hard to call.

Renault reports Wednesday. Its Austrian registration signal is up 6% on last year. Dutch figures point the other way, down 21%.

Grab reports today. The Southeast Asia super-app carries an $11.7bn market cap into results. Singapore visitor arrivals from China hit a six-year September high, a tailwind for the region's consumer economy.

Away from autos, MSCI index changes loom. Moderna holds an 88% probability of rejoining the MSCI World index, with a potential forced buy of $5.9bn. The announcement lands 11 November. Flutter Entertainment and Textron face 70% and 69% deletion odds respectively, with forced selling of $786m and $1.1bn estimated.

No IPOs are scheduled in the next seven days.