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Market Impact: 0.35

U.S. Trade Deficit Widens More Than Expected In July

Source: Nasdaq

Economic DataTrade Policy & Supply Chain

The Commerce Department reported that the U.S. trade deficit widened significantly in July, driven by rising imports alongside a sharp drop in exports. This shift points to a deterioration in the trade balance and adds caution to the near-term growth outlook. The data is likely to be a modest headwind for risk sentiment around U.S. macro momentum.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25

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