NewsWare’s Trade Talk: Monday, May 1

S&P Futures are flat to lower this morning, lack of morning volatility is due to holidays in Asia and Europe. Over the weekend China released weak Purchasing Managers index data which is causing oil prices to slide this morning. JP Morgan has agreed to buy First Republic Bank. Astellas Pharma is taking over Iveric Bio in a $5.9 billion deal. Later today the ISM Manufactuing index data is scheduled for release.