US Small Business Sentiment Ticks Down in June 

U.S. small-business confidence slipped in June, as firms overall felt they had too much inventory on hand amid ongoing trade tensions and declining optimism over the outlook for sales.

The National Federation of Independent Business said on Tuesday its Small Business Optimism Index fell two tenths of a point last month to 98.6.

A substantial increase in respondents reporting excess inventories contributed the most to the decline, the NFIB said, with nearly one in eight businesses reporting inventories were "too high" in June, almost double that in May.

At the same time, the survey showed a drop in the share of those expecting improved sales in the next three months, to a net 7% from 10% in May...

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