Automakers, Accor and Nintendo Headline a Busy Friday

Today brings a heavy slate of earnings across Asia and Europe. Nintendo Co. ($64.6bn market cap) tops the billing in Japan. Honda Motor also reports today. ORTEX alt data tracking Japanese car sales leads Honda's revenue by 65 days with a strong fit, and that leading indicator is running 6% above the same quarter last year, pointing to a steady print.

Also on the Japan roster: Mitsubishi Motors, Mazda, and Isuzu all report Friday. Mazda is particularly interesting. German car sales, a leading indicator with a strong fit for the company's revenue, are running 32% above last year with all three months of the quarter now in.

In Europe, Accor SA ($12.9bn) posts results today. Banco BPM ($23.5bn) and Metlen Energy & Metals ($7.6bn) are also on the board.

Looking ahead to next week, Polestar Automotive reports on 12 November. Its cost to borrow stands at an eye-catching 268%, reflecting heavy short-side interest. Dutch car registrations, a leading indicator for Polestar with a strong 60-day lead, are running 68% below last year for this quarter. German registrations tell the opposite story, up 32% year on year.

No confirmed IPOs are scheduled in the next seven days.