HERE COMES THE US TRADE REPORT...

At 8:30 a.m. ET, we'll get the March U.S. trade balance report.

Economists estimate the trade deficit tightened to $40.0 billion in March from $42.3 billion in February.

"The trade deficit likely narrowed sharply in March, settling back to the yearend range," said Citi's Peter D'Antonio. "The February deficit widened out for two temporary reasons: a drop in exports that may have been related to weather and a spike in imports of services due to payments for the Olympics."

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