New York (AFP)
The New York Stock Exchange was close to balance shortly after the opening on Thursday, supported by hope for progress in trade negotiations between Beijing and Washington after goodwill gestures from both sides.
The Wall Street index, the Dow Jones Industrial Average, retreated at 13:45 GMT by 0.02% to 27,130.60 points after starting in the green, catching its breath after six consecutive sessions of increase.
The Nasdaq, with strong technological color, gained 0.22% to 8187.49 points, and the expanded S & P 500 index rose 0.08% to 3,003.28 points.
Driven by the progress of Apple as well as the hope of new monetary support measures and appeasement on the Sino-US front, Wall Street had already finished in the green Wednesday, the Dow Jones appreciating 0, 85% and Nasdaq taking 1.06%.
The climate is appeasement between the first two world economic powers, Beijing and Washington Wednesday having paused in the escalation of their trade war.
As American and Chinese negotiators resume their negotiations in early October, Donald Trump announced that he was postponing to October 15 the tariff increase of $ 250 billion worth of goods imported from China "as a sign of goodwill."
Beijing, for its part, has been considering the possibility of buying more American agricultural products - dear to the tenant of the White House.
US Treasury Secretary Steven Mnuchin said the administration wanted "substantial progress" in the upcoming negotiations and said Donald Trump was willing to withdraw or increase tariffs on goods from the Asian giant. depending on the outcome of the discussions.
At the same time, "the financial markets are digesting the influx of new monetary support measures from the European Central Bank," commented analysts Charles Schwab.
To stimulate a sluggish economy, the institution has drawn a vast arsenal, between rate cuts, new buybacks of public and private debt, declining interest rate system and giant loans to relieve banks.
The Federal Reserve (Fed) will unveil next week whether it follows suit with its European counterpart by announcing new monetary actions or whether it maintains the status quo.
While the Fed is worried about continued weakness in inflation, investors were watching US consumer price data on Thursday, which edged up slightly in August (+ 1.7% year-on-year). But excluding volatile energy and food prices, they climbed a year to their highest level in thirteen months (+ 2.4%).
In the bond market, the 10-year rate on the US debt was down slightly, moving towards 20:35 GMT to 1.725% against 1.739% the day before closing.
© 2019 AFP