ADVFN US – Market Content Editor

The Commerce Department released a report on Tuesday showing the U.S. trade deficit unexpectedly shrank in the month of November. The report said the trade deficit narrowed to $63.2 billion in November from a revised $64.5 billion in October. Economists had expected the trade deficit to widen to $65.0 billion from the $64.3 billion originally…

The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to give back ground after moving notably higher over the course of the previous session. Some trades may look to cash in on yesterday’s strong gains amid lingering uncertainty about the outlook for interest rates. While the Federal…

Base metals were weaker, while gold edged higher as market watchers awaited this week’s CPI data for more economic clarity. “Investors are awaiting the inflation print on Thursday, which we expect will bring more volatility to the base metals complex,” Sucden Financial said. Uranium prices could rise even higher on supply tightness , rising demand…

Oil prices gained, with ING saying that if market weakness persisted, it would be difficult to see how OPEC+ would be able to make more meaningful output reductions, given the scale of their cuts already. “What we are more likely to see is a rollover of current voluntary cuts into 2Q24 in order to erode…

Weakening growth, slowing inflation and an uncertain political environment will create the perfect environment for bonds to outperform other assets in the first quarter of 2024, Saxo said. “Bond investors are presented with the opportunity to lock in one of the highest yields in more than 10 years,” it said. “Higher yields do not only…

The dollar’s gains at the start of this year have been modest due to the market’s conviction that the Federal Reserve will cut interest rates this year, ING said. Increasing long dollar positions is now viewed as a “counter-trend trade.” January and February are typically good months for the dollar, but the currency is more…

Stock futures were lower early on Tuesday as a profit warning from Samsung Electronics weighed on the technology sector. Samsung said its fourth-quarter operating profit may fall 35% as weak consumer demand for smartphones hits sales of memory chips.

GSK Buys Asthma-Focused Aiolos GSK said it has bought Aiolos Bio for an upfront consideration of $1 billion, with the potential for an additional $400 million. Tinder Owner Match Draws Elliott Investment The activist has a roughly $1 billion stake and intends to meet with Match to discuss ways to improve the online dating company’s…