The author is a Reuters Breakingviews guest columnist. The opinions expressed are his own.
from Morning Bid with David Gaffen:
No fewer than 30 S&P 500 companies report results on Wednesday, from names as varied as Coca-Cola to American Express to Tractor Supply Co. It's true to say that so far this has not been a great earnings season - 69 percent of companies have exceeded earnings expectations and only about 40 percent on revenue - but with just 65 names reporting as of early Tuesday, it's also correct to say it's early days, given the heavy action we'll be seeing over the next couple of trading sessions.
The latest euro zone flash purchasing managers' indexes may have surprised slightly on the higher side, but many are still not convinced that better economic growth is coming later this year.