If you are carrying positions over the weekend here is a risk event to be aware of

China official manufacturing and non-manufacturing PMIs are due out over the weekend

  • At 0100GMT on May 1 (that's 9pm Saturday US eastern time)

Manufacturing PMI,

  • expected 50.3, prior 50.2

Non-manufacturing PMI,

  • prior 53.8

The big round of stimulus we've had from China in the past few months is giving the economy a boost (at least in the short-term), hence the expectation for an expansionary read for the manufacturing PMI


As a note, the private PMIs (Caixin / Markit) are due on May 3