Automakers, Healthineers and a Defence Giant Face the Week

Today brings a heavy European slate. Siemens Healthineers reports with a market cap of $55.9 billion. Rheinmetall, Europe's biggest defence contractor at $52.4 billion, also posts today. Swiss reinsurer Swiss Re ($55.9 billion) rounds out a trio of major prints on Thursday.

The automaker theme runs hot. Polestar reports today. ORTEX alt data tracking Dutch car registrations leads Polestar's revenue by 60 days with a strong fit, and German registrations are running 32% above last year on the same quarter. Dutch registrations are running 68% below, a split picture heading into the print. Renault also reports Thursday, with Austrian car data running 6% ahead year-on-year across all three months of the quarter.

Honda Motor posts tomorrow, Friday. Japanese domestic car data leads Honda's revenue by 65 days with a strong fit. That series is running 10% below last year, three months into the quarter. Mazda also reports Friday, with German car data running 32% above year-on-year.

No IPOs are confirmed in the next seven days.

Index watchers have two events close. The MSCI World November review announces on 11 November, four sessions away. Xero is the most vulnerable deletion candidate, sitting just 2.3% from its exit line. Moderna is the largest expected addition, with $6.9 billion of forced buying. SharkNinja's probability of S&P 500 inclusion jumped to 64% overnight, with $4.1 billion of potential tracker demand behind it.