Big Tech Earnings Dominate a Packed Week

Today brings the first major prints of the week. CDNS releases Q3 numbers this afternoon. CLS follows after the close.

Tuesday steps up with KO and SPGI reporting before the open. Coca-Cola faces scrutiny over consumer spending trends. S&P Global reports at 7:15 am Eastern.

Wednesday is the week's centrepiece. MSFT, the world's largest listed company at roughly $3.9 trillion, posts results after the bell. AMPH holds its earnings call at 1 pm. CMG and ALGN also report Wednesday after the close.

Thursday brings AMZN and INTC together after the bell. Amazon's print will be watched for cloud growth signals. Intel reports the same evening. BMY holds its call Thursday morning.

In Europe, MBG reports Wednesday. Dutch car registration data, which leads Mercedes revenue by 26 days with a strong fit, is running 6% below the same quarter last year. That is a soft signal going into the print.

VOW3 and RNO both report Thursday. Austrian car registrations, a moderate leading indicator for Volkswagen revenue with an 18-day lead, are also running 6% lower year on year. For Renault, Dutch registrations lag 19% on the same period.

There are no IPOs in the ORTEX calendar for the next seven days. The Russell 2000 December ranking cut-off falls Thursday, with 121 names still in contention and eight stocks sitting within 2% of the entry line.