The official PMIs from China are due at 0100GMT.

  • Manufacturing expected 44.8% m/m, prior 35.7%
  • Non-manufacturing expected 42.0% y/y, prior 29.6%
  • Composite prior 28.9

China went into the crisis earlier and have begun to emerge earlier. March data should begin to show improvement, February data is a low hurdle to clear.

Analysis I've seen on daily tracking of economic indicators from China are (slowly) showing a return to better activity. I won't say 'normal', but activity is much better than in February.