According to the estimates of analysts at TD Securities, China’s official April manufacturing PMI to increase to 50.9 from 50.5 in March.

• China’s March data dump broadly beat expectations and revealed that stimulus measures were kicking in. April will likely maintain this constructive tone, with further signs of stabilization.
• Forward-looking components of the March CPI such as manufacturing new orders and expected production moved higher. Separately, US and China continue to edge towards a trade deal. The upturn in electricity output and increased lending, also suggest some improvement in manufacturing activity and sentiment.