US: Focus on the new advance look at merchandise trade - BBH

Research Team at BBH, notes that the US economic calendar includes the new advance look at merchandise trade. 

Key Quotes

“The October shortfall is expected to rise to $59 bln from $56.5 bln in September.  Wholesale and retail inventories for October will also be reported, but are not market moving data.  Markit issues its preliminary estimate for the November US services PMI and composite.  Little change is expected.  With yesterday's US holiday, many will take today off as well.  The US bond market closes early.  There is some speculation that China could announce the long-anticipated the Hong Kong-Shenzhen link later today.”