New York (AFP)

The New York Stock Exchange ended in the green Monday, investors displaying cautious optimism at the start of a week marked by a meeting of the US Central Bank (Fed) and the Nasdaq taking advantage of the advance of Facebook.

The index with strong technological coloration gained 0.62%, to 7.845,02 points, thanks in particular to the progression of 4.24% of the share price of the social network. The latter will reveal Tuesday the details of a project signing its entry into the world of cryptocurrencies.

Wall Street's leading index, the Dow Jones Industrial Average, was up 0.09 percent to 26,122.53 points, while the broad-based S & P 500 index also gained 0.09 percent to 2,889.67 points.

"Investors are waiting to see what will happen with the Fed, the trend is rather restraint," said Christopher Low of FTN Financial.

The Monetary Policy Committee of the institution is scheduled to meet on Tuesday and Wednesday.

If the pressure to lower interest rates has risen a notch in recent weeks from markets like Donald Trump, the Central Bank should not press the trigger Wednesday.

But Wall Street brokers will be on the lookout for the slightest signal of the institution's future decisions; in particular, they are betting on a large majority on a drop in rates in July.

This assumption was reinforced by the latest indicator, the Empire State Monthly Index, which showed manufacturing activity had slowed sharply in the New York area in June.

"It is important to remember that this is the first full month report since trade talks between the United States and China deteriorated in early May," Low said. "We have to see if this regional index is supported by others, but it comes after several other disappointing statistics on manufacturing activity," he added.

Market players also remain behind because uncertainty remains on several other points, noted Patrick O'Hare Briefing.

"What will come out of the G20 meeting and the eventual meeting between Presidents (Donald) Trump and Xi (Jinping)? How will Congress and White House leaders lead the talks? budget and avoid new tensions around the ceiling of the debt? Will the indicators show a slowdown in economic activity?

In the bond market, the interest rate on the ten-year debt rose slightly to 2.088% against 2.080% Friday at the close.

? 2019 AFP