Auto Earnings Drive Friday's Global Calendar

The week opens with a wave of automotive results. Five major carmakers report today, Friday, making it the busiest single day for the sector in this earnings season.

Honda Motor reports today alongside Mitsubishi Motors, Mazda, Isuzu and Mahindra. ORTEX leading indicator data, drawn from Japanese car registration trends, shows Honda's revenue indicator running 10% below the same quarter last year. That points to pressure on the top line, though it is a reading, not a forecast of the final print.

Mazda's German car registration data tells a different story. That indicator, which leads revenue by 30 days with a strong fit, is running 32% above the year-ago quarter across all three months of the period.

Looking ahead to Monday, Nissan reports on 10 November. Its Japanese car registration indicator, also a strong-fit lead, is tracking 21% above last year's quarter.

Polestar follows on 12 November. Its Dutch car registrations indicator is running 68% below the same quarter last year. Short interest in Polestar stands at 3.9% of free float, with a cost to borrow of 184%. Availability of shares to short sits at just 11%.

On the index front, the MSCI World November review announcement lands 11 November. ORTEX Index Rebalance Radar forecasts around seven deletions. Flutter Entertainment and Textron carry the highest exit probabilities. No IPOs are scheduled in the next seven days.