Earnings Heavy Week Ahead, Led by Autos and Semis

Today delivers a packed slate. AMGN reports after the US close, a $251bn biotech that will set the tone for pharma bulls. GRAB also posts today, with the Southeast Asian super-app market watching for signs of profitability.

Tomorrow, Wednesday, ALL releases numbers. The $66bn insurer comes after a period of heavy catastrophe exposure. COR holds its earnings call Wednesday morning. CPAY and MLM round out a busy Wednesday.

Thursday brings HUM before the open. The $49bn health insurer has faced Medicaid margin pressure all year. MCHP and AKAM both report Thursday afternoon.

The auto sector dominates later in the week. HMC reports Thursday. ORTEX leading indicator data from Japanese car registrations, which lead Honda's revenue by 65 days, is running 10% below the same quarter last year across all three months of the period. PSNY also reports Thursday. German car registrations, which lead Polestar's revenue by 50 days with a strong fit, are tracking 32% above year-ago levels.

RNO posts Wednesday. Austrian car data, a leading indicator for Renault's revenue, is running 6% ahead year-on-year across all three months.

No IPOs appear on the calendar in the next seven days.