US equity futures traded higher ahead on Wednesday. The major futures indexes suggest a gain of 0.1% when trading begins. The monthly deficit in goods and services is expected to go high to a record-high $70.5 billion, surpassing the prior record of $69 billion in November.
The global economy is returning to normalcy from the pandemic is growing. The Commerce Department will release the. US trade balance for February. President Joe Biden made a statement that he is bumping up his coronavirus vaccine deadline for states by two weeks, to April 19, to make all adults in the US eligible for shots, reflecting steady progress in the US
The finance officials on Wednesday said that a Group of 20 major economies are poised to back a $650 billion boost in the International Monetary emergency reserves and extend a freeze on debt payments as part of an effort to help developing countries still struggling to combat the COVID-19 pandemic.
The Global 20 gathering will also give the U.S. Treasury Secretary Janet Yellen a chance to press for a global minimum tax on corporate profits.The Commerce Department will release the US trade balance for February. The monthly deficit in goods and services is expected to widen to a record-high $70.5 billion, surpassing the prior record of $69 billion in November.