US Balance of Trade (Feb) -57.30B vs. Exp. -59.2B (Prev. -54.5B, Low. -73B, High. -52.1B)
The US Balance of Trade for February came in better than expected, with a deficit of $57.30 billion compared to the expectation of $59.2 billion.
Daily US Equity Opening News - Trump address doesn't calm markets; AMZN in talks to buy GSAT
Rivian (RIVN) delivered 10,365 vehicles during Q1 (exp. 9,678); reaffirming 2026 delivery range guidance of 62-67k vehicles
US Balance of Trade (Feb) -57.30B vs. Exp. -59.2B (Prev. -54.5B, Low. -73B, High. -52.1B)
Blue Owl (OWL): Credit Income Co. received withdrawal requests estimated at 21.9% of the funds shares in Q1; Technology Income Co. received withdrawal requests estimated at 40.7% of fund shares in Q1.
No new bond sales are scheduled for Thursday’s session, via Bloomberg poll of syndicate underwriters; A modest USD 15-20bln of sales is expected next week as many US-based companies head into their earnings blackout periods
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This narrower trade gap could suggest stronger-than-anticipated export performance or weaker imports, which may positively influence GDP calculations. Traders should consider the implications for currency movements and inflation expectations, particularly as this data could influence monetary policy outlooks.
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