Markets are closed in the UK, Hong Kong and mainland China on Monday. Traders will focus, throughout the day, on the PMI activity indices for the month of April.
“Off” day in London, PMI activity indices elsewhere | Photo credits: New China/Sipa
Several major financial centers will keep their doors closed on Monday, in the weekend crowd. This will be the case in particular for the City, in London, for May Bank Holiday. Markets are also closed in Hong Kong and mainland China for Labor Day. They will be there until May 4 inclusive in China.
Attention will therefore be focused on the statistics that will punctuate the session in Europe and the United States. They will focus on the S&P PMI indices of activity in the manufacturing sector for the month of April, mid-morning on the Old Continent and at 3:45 p.m. across the Atlantic.
ISM more than PMI
At 4 p.m., we will learn of this same evolution of manufacturing activity in April according to the ISM indicator, more closely followed by American operators. It is at the same time that the construction expenditures for March will be revealed.
No big name in corporate publications, it will be necessary to wait the following days for the prominent announcements within the Cac 40 (BNP Paribas, Societe Generale, Agricultural credit, Airbus, Great, ArcelorMittal and Stellantis). We will content ourselves with the results of the first quarter of DBV Technologies and third-quarter 2021-2022 revenue of Bonduelle.