020 7898 0500US motorcycle manufacturer Harley-Davidson was the subject of a Twitter attack from Trump yesterday, after the company announced it would be moving some of its production out of the US. Trump suggested that the move had nothing to do with the new retaliatory tariffs imposed by Europe and the trade war was being used an excuse.
Given the recent concerns over a global trade war, it is hardly surprising that consumer confidence in the US has dipped. Figures released yesterday showed that CB consumer confidence fell to 126.4 in June from an upwardly revised 128.8 in May. The markets had been expecting a figure of around 128.
Today we will see durable goods orders for May and the goods trade balance for the same month.
