Markets Are Doing Nothing

Good morning!

It's very quiet. Futures aren't moving much, and most of Europe is closed on account of May Day.

Last night, Chinese manufacturing data came in weaker than expected.

We may be having a "calm before the storm" moment as tomorrow we're going to get a torrent of manufacturing data (Global PMI day) and US Non-Farm Payrolls.

In the meantime, like we said, quiet.