The Dow Jones rallied by 0.25% to 23,685 due to the U.S. more-disappointing-than estimate retail sales and the U.S. attempts to hold back Chinese Huawei Technologies using American technology. In the domestic realm, BPS recorded trade balance deficits of USD350 million in April 2020 or much lower than deficits in April 2019. The vicious spread of COVID-19 to slash the global demand and weaken prices of commodities was the major culprit in widening deficits.

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