Daily Market Analysis Snap – Monday, May 1

Here’s what to watch out for today.

12:30 PM GMT Core PCE Price Index

At 12:30 PM GMT Core PCE Price Index figures come out of the United States, expected to be -0.1% for the month of March. A number higher than that could be good for the US stock markets, while a lower-than-expected number could be slightly negative.

1:45 PM GMT Manufacturing PMI

At 1:45 PM GMT, Manufacturing PMI numbers come out of the United States. Expected to be 52.8 for the month of April, a number higher than that could be bullish for US stock indices, while a lower-than-expected number could be negative.

2 PM GMT ISM Manufacturing PMI

At 2 PM GMT, ISM Manufacturing PMI numbers come out for the month of April, which of course will have a massive effect on US stock indices as well. Expected to be 56.4, a number higher than that should help, while a lower-than-expected number will hurt. This should have a similar effect on the US dollar as well.

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