New York (AFP)
The New York Stock Exchange advanced at the opening on Wednesday after press reports that the United States and China remained close to a trade agreement.
Its flagship index, the Dow Jones Industrial Average, rose 0.66% to 27,684.68 points around 14:45 GMT.
The Nasdaq, with strong technological coloration, took 0.50%, to 8,563.48 points, and the expanded S & P 500 index gained 0.54%, to 3,110.00 points.
Mined by fears over world trade and Sino-US relations, Wall Street ended in the red on Tuesday: the Dow Jones had yielded 1.01% and the Nasdaq lost 0.55%.
Market players were particularly concerned about Donald Trump, who had hinted that a trade deal with Beijing could be postponed after the 2020 presidential election in the United States.
But the Bloomberg agency, quoting sources close to the negotiations, said Wednesday that the first two global power were close to a text, which could see the day before the new wave of US customs surcharges scheduled for December 15.
"The flow of information around the negotiations for a + one-phase + agreement between the US and China is a little like the theater of the absurd - it does not take a day without a new article from press does not give the feeling that an agreement is near or that it is very far, "summarizes Patrick O'Hare Briefing.
Among the indicators, job creation in the United States slowed significantly in November, according to the monthly survey of the firm ADP business services. The private sector created 67,000 jobs last month after 121,000 October. Analysts were expecting 175,000 new jobs in November.
"What the market does not need right now is a weakening of consumer data in addition to still low numbers in the manufacturing sector," says O'Hare.
The ISM index for manufacturing activity in November, released on Monday, was down 0.2 percentage points.
In the bond market, the 10-year rate on US debt rose after falling sharply the day before. It stood at 1.741% (against 1.716% at the close on Tuesday).
© 2019 AFP