New York (AFP)
The New York Stock Exchange retreated at the opening on Monday, cautiously at the start of a week that will be marked by a new round of trade negotiations between Washington and Beijing.
Its flagship index, the Dow Jones Industrial Average, fell 0.39% to 26,470.86 points, around 13:55 GMT.
The Nasdaq, with strong technological color, yielded 0.33%, at 7,956.04 points, and the expanded S & P 500 index lost 0.40%, to 2,940.25 points.
Wall Street ended sharply on Friday after a report on employment in the United States of rather good performance, thus counterbalancing other disappointing indicators on the health of the US economy published the previous days: on the whole of the week, the Dow Jones lost 0.9% and the Nasdaq appreciated by 0.5%.
"The market is supposedly + nervous + in the run-up to the trade talks to be held this week in Washington, especially because press reports suggest that China may have the intention not to negotiate the global deal that President Donald Trump wishes, "remarks Patrick O'Hare of Briefing.
But, he adds, "all we can really say for the moment about the intentions of China, or the United States for that matter, is that we have to wait for what the officials will say." "At the moment everything is just rumor," he says, predicting jarring exchanges in the coming days.
The White House said Monday that all topics will be on the table this week including the massive subsidies of Chinese state enterprises that Beijing would not wish to discuss.
"Topics for discussion will include forced technology transfer, intellectual property rights, services, non-tariff barriers, agriculture and law enforcement," a statement said.
In the bond market, the 10-year rate on the US debt rose slightly to 1.538% against 1.529% at the close of Friday.
© 2019 AFP