The U.S. trade deficit in 2013 was the smallest since 2009, even as it ticked up at year’s end, as rising fuel exports and falling imports propelled the world’s biggest economy further toward energy independence.
U.S. employers probably added more than twice as many workers to payrolls in January than the prior month while the jobless rate held at a five-year low of 6.7 percent, data in the coming week may show.
Senator Max Baucus, nominated to become U.S. ambassador to China, told lawmakers he would place top priority on boosting trade while also pressing that nation over computer breaches and crackdowns on dissidents.
U.S. stocks halted a three-day slide as declining German unemployment stoked gains in European shares and bonds. The dollar climbed after the U.S. trade deficit shrank to a four-year low while commodities snapped their longest drop since November, led by gasoline and heating oil.
Asian stocks rose, with the regional benchmark gauge posting the first gain in five days, as the International Monetary Fund said it will raise its global economic growth forecast and the U.S. trade deficit narrowed.
Hong Kong stocks rose, with the city’s benchmark index heading for a second daily gain, as the International Monetary Fund said it will raise its global economic growth forecast and the U.S. trade deficit narrowed.