US trade data in the spotlight this afternoon- S+P 500 futures just off recent lows

There is only one US economic release of any note due for release today. That said, given the current situation, it is a release that sure has taken on a great deal more focus in recent weeks. More usually the markets might pay little attention to the latest monthly trade balance, but that is not the case anymore. That data will be released at 12.30pm GMT and it is expected to show a wider overall trade balance deficit of around $137 billion. That overall deficit stood at $122.7 billion in March, as the goods deficit touched $162 billion. Ahead of this the US equity futures are near session lows and that has seen the S+P 500 price an opening very close to 5,600 earlier. The index closed last night at 5,650.38. The index is currently edging off the lows and right now priced to reopen around 5,612