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Wall Street opens up, hoping for progress on the trade front

2019-09-30T14:19:13.585Z

Wall Street opens up, hoping for progress on the trade front



New York (AFP)

Wall Street progressed Monday at the opening, investors wanting to believe in easing Sino-US trade tensions.

Its flagship index, the Dow Jones Industrial Average, rose 0.31% to 26,903.62 points around 13:45 GMT.

The Nasdaq, with strong technological color, took 0.22%, at 7,956.99 points, and the expanded S & P 500 index was up 0.29% to 2,970.48 points.

The New York quotation fell on Friday, weakened by information from the Bloomberg agency that the US administration was considering limiting US investment in China. Over the week, the Dow Jones fell by 0.4%, the Nasdaq by 2.2% and the S & P 500 by 1.0%.

Among the options being considered would be the withdrawal of Chinese companies from US stock exchanges or the imposition of limits on the exposure of public pension funds to the Chinese market, Bloomberg said, citing sources familiar with the matter.

On Saturday, however, a spokeswoman for the Treasury Department said in a tweet that "the (US) administration is not planning to block Chinese companies from US markets at the moment." We appreciate investments in the United States.

US President Peter Navarro's economic advisor questioned Bloomberg's truthfulness in a Monday morning CNBC interview, saying "more than half of the article was extremely inaccurate or just completely false".

For Art Hogan, from National, "it is still difficult to know what is part of the bargaining tactics before the October 10 meeting between US and Chinese trade officials, but it also comes at a time when China has removed its restrictions. for foreign investment in its financial markets ".

The high-level talks between Washington and Beijing are expected to resume on October 10.

Several Chinese stocks listed on Wall Street benefited on Monday at the beginning of the session of the climate visibly quieter between the first two world economies: Alibaba rose by 1.7%, JD.com by 1.4% and Baidu by 0.8%.

In the bond market, the 10-year US debt rate stood at 1.704%, up from its closing on Friday (1.680%).

© 2019 AFP

Source: france24

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