What to Watch -

Crypto:

May 5, 3 a.m.: IOTA’s Rebased network upgrade starts. Rebased moves IOTA to a new network, boosting capacity to as many as 50,000 transactions per second, offering staking rewards of 10%-15% a year and
May 5, 11 a.m.: The Crescendo network upgrade goes live on the Kaspa (KAS) mainnet. This upgrade boosts the network’s performance by increasing the block production rate to 10 blocks per second from 1 block per second.
May 6: Casper Network (CSPR) launches its 2.0 mainnet upgrade, introducing faster transactions, enhanced smart contracts, and improved staking features to boost enterprise adoption.
May 7, 6:05 a.m.: The Pectra hard fork network upgrade will get activated on the Ethereum (ETH) mainnet at epoch 364032. Pectra combines two major components: the Prague execution layer hard fork and the Electra consensus layer upgrade.

Macro

May 2, 8:30 a.m.: The U.S. Bureau of Labor Statistics releases April employment data.

May 2, 9 a.m.: S&P Global releases Brazil April purchasing managers’ index (PMI) data.
- Manufacturing PMI Prev. 51.8
May 2, 11 a.m.: S&P Global releases Mexico April purchasing managers’ index (PMI) data.
Manufacturing PMI Prev. 46.5

May 5, 9:45 a.m.: S&P Global releases (Final) U.S. April purchasing managers’ index (PMI) data.
- Composite PMI Est. 51.2 vs. Prev. 53.5
- Services PMI Est. 51.4 vs. Prev. 54.4

Earnings (Estimates based on FactSet data)