US consumer confidence to pull back slightly in April - Nomura

Analysts at Nomura expect US consumer confidence to pull back slightly in the April reading of the Conference Board’s survey, falling 3.4 index points to 124.3.

Key Quotes

“Consumer sentiment in the preliminary April reading of the University of Michigan’s consumer survey declined somewhat, while remaining elevated, as a number of respondents highlighted concerns about aggressive protectionist policies. As news reports have continued to focus on trade issues between the US and China, this sentiment likely spilled over into the Conference Board’s survey. However, consumer optimism remains firm overall in the face of a low unemployment rate, elevated stock prices and modest tax cuts taking effect.”