US trade deficit came in below estimates

The U.S. trade deficit narrowed to $105 billion in September, below the $107.9 billion market consensus, as exports rose 1.9% to $321.51 billion and imports climbed 1.2% to $426.56 billion. The smaller-than-expected gap signals firmer export activity alongside still-resilient import demand, a combination that could modestly support third-quarter growth estimates. The data land as markets weigh the trajectory of U.S. external balances amid tariff policy and currency shifts. Next, watch whether the export gain persists in coming months and how revisions to prior trade figures affect GDP tracking.