What today’s corporate earnings reports say about consumers

The S&P 500 is down 0.2% shortly after the open, paring some of the early loses.

Here are some indications from corporates on the broader macro-economy:

• McDonald’s global comp sales +1.9% vs +2.35% expected
• Coca-Cola revenues 11.3B vs 11.01B expected
• KO said: Unit case volume grew 1%. Developed markets were flat, while developing
  and emerging markets grew low single digits, driven by growth in Brazil,
  the Philippines and Nigeria. Asia-Pacific volumes -2%
• Restaurant Brands comp sales +4.6% vs +3.4% expected
• Restaurant Brands Canada comp sales +7.5%
• Molson Coors net sales grew 10.1% on a constant currency basis
• Pay Pal total payment volume increased 14%

Overall, there isn’t any sign of real weakness here but I’ll look for more comments in conference calls.

This article was written by Adam Button at www.forexlive.com.