Group 1 - The ISM Manufacturing PMI for May and the April construction spending month-on-month rate are set to be released shortly [1]

Core Viewpoint - The ISM manufacturing PMI provided some reassurance to the market, indicating that orders have not collapsed despite ongoing trade tensions [1] Group 1: Market Reactions - The USD/JPY exchange rate returned to the 145 level for the first time since April 8, following the PMI announcement [1] - Analysts noted that manufacturers are at the center of the trade war, and the ISM survey results have improved market sentiment [1] Group 2: Economic Outlook - There are signs that the sentiment regarding the tariff war is improving, with companies expressing optimistic comments during Q1 earnings releases [1] - The upcoming non-farm payroll report is expected to cause some volatility, but there are currently no widespread discussions about layoffs among companies [1]

Core Viewpoint - The ISM Manufacturing PMI for April in the United States is reported at 48.7, which is below the expected 48 and the previous value of 49, indicating a contraction in the manufacturing sector [1] Summary by Relevant Categories Economic Indicators - The ISM Manufacturing PMI decreased to 48.7 in April, down from 49 in the previous month, suggesting a decline in manufacturing activity [1] - The actual PMI figure of 48.7 is lower than the market expectation of 48, reflecting weaker performance in the manufacturing sector [1]

Group 1 - The ISM Manufacturing PMI for April and the March construction spending month-on-month rate are set to be released shortly [1]