WASHINGTON (Oct 5): The US trade deficit rose more than expected in August as a rise in imports offset higher exports. The Commerce Department said on Wednesday the trade gap widened 3% to US$40.73 billion. The July trade deficit was revised to US$39.55 billion from a previous US$39.47 billion. US stock futures were trading slightly higher and prices for longer-dated US Treasuries were lower. Imports from China increased 9.5% while the politically sensitive US-China trade deficit widened 11.6% to US$33.85 billion in August.

Source: The Edge Markets October 05, 2016 13:18 UTC