Official manufacturing, services and composite PMIs are due at 0100GMT.

  • Manufacturing, expected 50.5, prior 50.5
  • Non-manufacturing, expected 55.0, prior 54.8
  • Composite, prior 51.0

The Caixin/Markit manufacturing PMI follows at 0145GMT:

  • expected 50.9, prior 50.8

Via TD:

  • China's March data dump broadly beat expectations, and revealed that stimulus measures were kicking in.
  • April will likely maintain this constructive tone, with further signs of stabilisation.
  • "Forward-looking components of the March CPI such as manufacturing new orders and expected production moved higher. Separately, US and China continue to edge towards a trade deal. The upturn in electricity output and increased lending, also suggest some improvement in manufacturing activity and sentiment.

Westpac note that in addition to the manufacturing PMI managing to get above in 50 in March 'services remained 'robust'.