The S&P 500 was down 0.2% shortly after the open, paring some of the early losses.
Here are some insights from companies on the broader macroeconomy:
- McDonald’s global sales +1.9% versus +2.35% expected
- Coca-Cola turnover: 11.3 billion versus 11.01 billion expected
- KO said: Unit case volume increased by 1%. Developed markets remained stable, while developing and emerging markets grew in the low single digits, driven by growth in Brazil, the Philippines and Nigeria. Asia-Pacific volumes -2%
- Comp sales restaurant brands +4.6% versus +3.4% expected
- Restaurant Brands Canada offsetting sales +7.5%
- Molson Coors net sales increased 10.1% in constant currencies
- Total PayPal payment volume increased by 14%
Overall, there are no signs of real weakness here, but I’ll be waiting for more comments during the conference calls.
This article was written by Adam Button at www.forexlive.com.
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