Watch for comments on the global economy and FX:
Several mega-cap multinationals report in the days ahead, with the economic calendar generally light, earnings could be the driver.
Tuesday:
- SAP (not specified) - May have some insight on IT spending
- Canadian Pacific (before market open) - a good view on Canadian rail traffic and oil
- Yum brands (after market close) - Occasionally offers a comment on China
- Yahoo! (after market close) - Not particularly insightful but an interesting company and has insight on China via Alibaba)
Wednesday:
- Boeing (before market open) - Orders numbers could offer insight but generally not a market mover
- DR Horton (before market open) - major homebuilder
- Coca-Cola (before market open) - Not particularly chatty on economy but touches every consumer economy in the world
- Facebook (after market close) - not a big market mover but could have some insight on consumers
- Las Vegas Sands (after market close) - Consumer spending highly correlated to gambling
- Qualcomm (after market close) - a great view on IT. Tech belwether
Thursday is a massive day for earnings:
- Caterpillar (before market open) - One of the best barometers of global growth.
- General Motors (before market open) - Doesn't typically offer too much but with company-specific issues largely in the past, GM can focus on expanding in hotter markets.
- Proctor & Gamble (before market open) - Solid economic insight
- Pepsi (before market open) - A confirmation for what Coca-Cola might have said
- Amazon (after market close) - watch for comments on the US consumer and/or seasonal slowdown.
- Google (after market close) - not a big one for the broader markets but worth keeping an eye on. Ad revenue a possible view on the US consumer.
- Microsoft (after market close) - Often comments on effects of FX
- Newmont mining (after market close) - View on Australia key
Friday:
- Siemens (time not supplied) - The German industrial behemoth will have a early verdict on QE and the cheap euro.
