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April Trade Deficit.........................>

US DATA
US DATA: April Trade Deficit
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- Apr trade deficit narrowed to -$50.8b vs -$50.7b BBG and -$50.8b MNI.
- Mar trade gap revised wider to -$51.9b (prev -$50.0b); annual revisions 
- The NSA trade gap with China widened to -$26.9b in Apr from -$20.7b March 
- The Census goods gap was revised to -$70.9b vs adv -$72.1b
- Ex-petro goods gap narrowed to -$68.8b, petro gap roughly unch from March
- The data suggest a better start to Q1; wider China gap likely to be noticed

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