US Balance of Trade (Nov) -56.80B vs. Exp. -40.5B (Prev. -29.40B, Rev. From -29.4B, Low. -55B, High. -21.2B)
The US Balance of Trade for November came in much worse than expected, reflecting a significant widening of the trade deficit from the previous month.
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US Balance of Trade (Nov) -56.80B vs. Exp. -40.5B (Prev. -29.40B, Rev. From -29.4B, Low. -55B, High. -21.2B)
Iran has warned ships that it intends to run a drill next on Sunday and Monday that would include live firing in the Strait of Hormuz, AP's Gambrell reports
German Chancellor Merz on FCAS says there will definitely be a joint system if the joint jet remains open
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This larger deficit may suggest weaker demand for US exports and could have implications for GDP growth, complicating the economic outlook as the market weighs inflationary pressures against growth prospects.
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