Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Lot many economic dockets to be released today, focus is on manufacturing PMI across regions. However, volume and volatility might remain low with holiday in UK.
Data released so far -
- Australia - Building permits grew at significant pace, 23.6% in March from a year ago. Permits increased 2.8% m/m in March.
- China - HSBC manufacturing PMI came at 48.9, down from 49.2 in March.
- Spain - Manufacturing PMI for April registered 54.2, down from 54.3 in March.
Upcoming -
- Switzerland - PMI to be released at 7:30 GMT. Prior 47.9
- Italy - Markit manufacturing PMI to be released at 7:45 GMT. Prior 53.3
- France - Manufacturing PMI scheduled at 7:50 GMT. Prior 48.8
- Greece - PMI to be released at 8:00 GMT. Prior 48.9
- Euro zone - Markit manufacturing PMI is scheduled at 8:00 GMT, followed by Sentix investor confidence at 8:30 GMT. Improved dockets would provide boost to European equities.
- US - ISM New York index is to be released at 13:45 GMT, followed by factory orders at 14:00 GMT. Two Fed governor are scheduled to speak today. Evans at 16:25 GMT and Williams around 19:00 GMT.
- Australia - AIG performance of services index to be released at 23:30 GMT.
- Auctions - US will auction 3 and 6 month bills at 15:30 GMT.
