US: Focus on trade balance and Fed’s Beige Book - TDS

Analysts at TD Securities suggest that for the US economy, February trade balance data will be released on Wednesday, with the market consensus expecting a modest widening of the trade gap to $53.4 billion.

Key Quotes

“In addition, monthly growth in wholesale inventories is expected to slow to 0.3% in February following consecutive +1% m/m prints in Dec-Jan.”

“Lastly, the publication of the Federal Reserve's Beige Book will also garner attention as market participants look for further clues regarding the evolution of economic activity at the end of the March/start of April.”