Automakers, Autos and a Busy Thursday Ahead

Today is packed with earnings. Nintendo reports Thursday, the gaming giant carrying a market cap above $60 billion into its print. Heidelberg Materials also reports today, as does French pharma firm Ipsen and Spanish fragrance group Puig Brands.

The automotive theme dominates the week. Polestar reports today. ORTEX alt data tracking Dutch car registrations, a leading indicator for Polestar's revenue, shows volumes running 68% below the same quarter last year. German car data offers a partial offset, running 32% ahead year-on-year across three full months.

Renault also reports today. Its Austrian registration data, a moderate-fit revenue lead, is tracking 6% above last year across three full months, though Dutch data points 21% lower.

Honda Motor reports Friday. Japanese car registrations, a strong-fit leading indicator, are tracking 10% below the same quarter a year ago across three full months.

Nemetschek, the German construction software group, posts today with a near-$10 billion market cap. UK kitchen supplier Howden Joinery reports on the same day.

No IPOs are scheduled in the next seven days.

Index watchers should note the MSCI World November review announcement arrives Wednesday. ORTEX Index Rebalance Radar forecasts around seven deletions. Xero is closest to the exit line and can fall just 2.3% before hitting it. Moderna is the largest expected addition, with an estimated $6.9 billion of forced buying.