Automakers and Index Calls Set the Week's Tone

Friday brings a heavy batch of earnings from Japan's big carmakers. Honda Motor reports today alongside Mitsubishi Motors and Isuzu. ORTEX alt data shows Japanese car sales running 6% above year-ago levels over the period that leads Honda's revenue by 65 days, a moderate tailwind for the print. Isuzu faces a tougher backdrop. India registrations, which lead its revenue by 69 days, are running 21% below the same quarter last year.

Nintendo also reports today. The gaming giant carries a market cap of $64.6 billion. European names are equally busy. Vinci SA ($70.3bn), Amadeus IT Group ($28.1bn) and Banca Monte dei Paschi all publish results on Friday.

Polestar Automotive reports on 12 November. Dutch car registrations, which lead Polestar's revenue by 60 days with a strong statistical fit, are running 68% below the same quarter last year. German registrations offer a sharper contrast, up 32% year-on-year across all three months of the quarter.

No IPOs are scheduled in the next seven days.

Index watchers have a separate focus. The MSCI World November review announces on Monday. Around eight deletions are expected. Flutter Entertainment sits at 78% deletion probability. Moderna, at 88% odds, would trigger $6.4 billion of forced buying if confirmed.