A quick summary:
- The monthly trade gap totaled USD 44.4 billion, higher than the market expectations of -42.6 bln
- The Commerce Department also lowered its estimate of the December trade gap to $38.1 billion, from $38.5 billion previously
- Fuel oil exports slumped and crude oil imports rose
- Analysts do not see it changing the Q1 GDP too much though
meanwhile, back at the ECB the story contnues !