Here comes the trade balance ...

At 8:30 a.m. ET, we'll get the latest update on US international trade from the Department of Commerce.

Economists forecast that the trade deficit widened to $42.7 billion in May from $40.9 billion in the prior month.

Here's Barclays, in a note previewing this week's economic events, and looking back at the trade numbers:

"Trade data have been volatile in recent months as a result of the West Coast port strikes that were resolved in mid-February. Imports from the Asia-Pacific region, the primary trade flow through California ports, plunged in January and February before surging in March as backed-up container ships were finally unloaded. At the same time, exports have softened over the past six months on weak international demand and the stronger dollar."

We'll be back with all the details once they cross.

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