Global markets: US trade deficit shrinks

By Commodity News Service Canada

WINNIPEG, May 4 – The following is a glance at the news moving markets globally.

US TRADE DEFICIT FALLS IN MARCH
The US trade gap dropped 13.9 per cent to US$40.4 billion in March, according to reports out of the country on Wednesday.

That’s the lowest figure since February 2015, market watchers say.

A stronger US dollar and reduced global demand contributed to the declines.

CANADA’S INTERNATIONAL TRADE SLOWS
Canada’s exports fell 4.8 per cent to C$41.0 billion in March. Export volumes were down 2.9 per cent and prices fell two per cent. Imports declined 2.4 per cent to C$44.4 billion, as prices were down 2.1 per cent and volumes fell 0.3 per cent, Statistics Canada said in a report on Wednesday.

According to StatsCan, Canada’s merchandise trade deficit with the world widened from C$2.5 billion in February to a record C$3.4 billion in March, Statistics Canada said in a report on Wednesday.

INDONESIAN ECONOMY SLOWER THAN EXPECTED
Indonesia’s economic growth in the first-quarter fell behind trade estimates, according to data released on Wednesday.

Indonesia’s economy expanded 4.92 per cent from January to March.

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