Intermoney | Trade balance data showed that the US trade deficit widened significantly in July to $78.3 billion (from $59 billion in June), exceeding estimates and due to a sharp increase in imports before reciprocal tariffs came into effect for a number of countries that had not yet reached trade agreements. Imports rose 5.9% to $358.8 billion, boosted by imports of goods, which rose 6.9%. Not only did we see…

Singular Bank | According to the ADP report, job creation in the US private sector was limited to 54,000 jobs in August (compared to 106,000 in July), falling short of the consensus estimate of analysts (73,000 jobs). This data once again reflects the signs of deterioration in the labour market, ahead of today’s non-farm payrolls report, and supports the Fed’s expected cut in official interest rates at its meeting this…