US: Focus on trade data today – TDS

Analysts at TD Securities point out that the backfill of economic data continues with the release of international trade for November for the US.

Key Quotes

“Originally scheduled for early January, which the market expects to reveal a slight improvement in the deficit to $54.0bn.”

“We will also get preliminary nonfarm productivity and unit labor costs for Q4, although the BEA has cautioned that the release may only have a "limited set of data" due to complications from the government shutdown.”