020 7898 0500Initial jobless claims in the US came in at 218,000 in the week ending 16 June against an expectation of 220,000. It is the fourth consecutive week of decreases in jobless claims and is evidence of an increasingly robust economy. Other than that it was a fairly quiet day, although Trump has bowed to enormous pressure and signed an executive order that will keep families who migrate to the US together.
It has been a turbulent few days for Trump who announced fresh tariffs on Chinese imports and then a further $200 billion of tariffs following China’s retaliatory measures. He was relatively quiet yesterday, but it will be interesting to see whether he does, says or Tweets anything over the weekend.
Like the eurozone, tomorrow we will see the manufacturing, composite and services PMI flash readings for June.
