New York (AFP)
The NYSE ended sharply higher on Thursday, reassured by signs of appeasement on the Sino-US trade front.
Its flagship index, the Dow Jones Industrial Average, gained 1.25% to 26,362.25 points.
Nasdaq, with its strong technological color, appreciated by 1.48% to 7,973.39 points, while the broad S & P 500 index gained 1.27% to 2,924.58 points.
US President Donald Trump said in a radio interview on Thursday that US and Chinese trade officials are scheduled to meet during the day.
He also reiterated that the two sides had been in contact last week.
Earlier Thursday, the spokesman of the Chinese Ministry of Commerce had hinted that Beijing may not respond to the latest US customs surcharges on its products, arguing that the trade war was threatening global growth and that a resumption of negotiations was still possible.
"If trade threats disappear, or at least vanish, it promotes a more prosperous economic environment, tariffs affect everyone, China and Europe suffer economically," said Tower Bridge's Marris Ogg. Advisors.
"If this trend were to reverse a little, it would be beneficial to the global economy," she continued.
Sensitive to the relationship between the world's two largest economies, the technology sector had a generally positive session.
The share of Apple, which manufactures and sells a large portion of its products in China, has appreciated 1.7%, while that of the giant microprocessor Intel has taken 2.4%.
The title of Caterpillar, a group considered a gauge of world trade, rose by 2.5%.
In the bond market, the 10-year interest rate on US debt rose to 1.50% around 20:15 GMT, after however, erasing some of the gains made earlier in the day.
"But for a long-term impact, we need concrete actions in the business case," Ogg warned.
© 2019 AFP