Here’s what we are looking for in tomorrow’s economic reports (May 02, 2017).

1. Caixin China PMI Mfg. (21:45 NY Time) No Trade — Chinese data is hard to predict.

2. RBA Cash Rate Target (00:30 NY Time) No Trade — We do not trade rate decisions.

3. GE and EZ Mfg. PMI Revisions (3:55 and 4:00 NY Time) No Trade — Revisions are hard to predict but changes will be market moving.

4. UK PMI (4:30 NY Time) Bearish GBP — Potential for downside surprise given major deterioration in CBI index.