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American equity markets rise despite mounting trade deficit in US

FXstreet.com (Barcelona) - The US stock market recorded slight gains at the opening Thursday, after the release of trade balance statistics in the United States. The Trade Balance (April) was reported at $-40.29B, against expectations of $-41.0B, and compared with $-37.13B previously.

Beginning with the indices and composites, the NASDAQ rose +0.26% as it settles in region of 3475.08, up +10.29 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1645.30, ascending +5.15 points or +0.31% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 15267.22, presently +0.09% after a movement of +13.19 points.

Sectors are all red at the opening, however the Financial and Consumer non Cyclical sectors have distinguished themselves as the winners thus far, growing +0.60% and +0.39% respectively. In other news, the price of crude is testing USD $93.14/bbl Tuesday.

EUR/CHF muted at 1.2400

EUR/CHF has remained onto the 1.2400 handle since the release of EMU Producer Price Index (YoY) that arrived in at -0.2% in April, vs. expectations of +0.3%.
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AUD/USD prints fresh daily low

The Australian dollar continues to consolidate losses versus the greenback as lower-than-expected US trade deficit gave the USD a mild boost.
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