While you were sleeping: US trade gap balloons

Tue, 05 May 2015

By Margreet Dietz May 6 (BusinessDesk) - Equities on both sides of the Atlantic fell, while bonds rose, after a report showing the US trade deficit ballooned more than expected added to recent data on consumer sentiment and GDP that point to a slowing of US growth. A Commerce Department report showed that the US trade deficit increased 43.1 percent in March, the largest gain in nearly two decades, to US$51.4 billion, the biggest since October 2008. "It looks like we are going to have negative GDP for the first quarter, just based on t...

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