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The New York Stock Exchange seems to want to start down Thursday, after a positive session the day before, investors being hesitant despite the words of the President of the US Central Bank (Fed) about the rise in interest rates.
The Dow Jones Industrial Average, the leading index of the New York parquet, is expected down 0.24% to 25 282 points according to the futures. The Nasdaq, with strong technological color, fell by 0.63%% before the opening of the markets, to 6875 points. The S & P500, meanwhile, lost 0.33% to 2732.50 points.
Context
The markets gained ground yesterday "thanks to comments from Powell," said David Madden, an analyst at CMC Markets.
US Federal Reserve boss Jerome Powell said on Wednesday that rates were "just below" a neutral level.
Investors, who had been worried for too many months for interest rates to rise too quickly, "have seen this update as a sign that the Fed will pursue a less aggressive monetary tightening policy," said Madden.
The trade war between China and the United States remained one of the central issues on the agenda.
A few days before a meeting between Donald Trump and his Chinese counterpart Xi Jinping, investors continued to scrutinize any indication of trade talks between China and the United States.
"Even though there seems to be a fairly positive advance in the trade war, in the G20 perspective, the market is clearly opting for prudence," said Christopher Dembik, head of economic research at Saxo Bank.
Abroad
The Hong Kong Stock Exchange ended lower on Thursday, despite a positive start early in the session, investors remain cautious before Saturday's meeting between Donald Trump and Xi Jinping on trade. On the Shanghai Stock Exchange, the composite index dropped 1.32%. For its part, the Shenzhen Stock Exchange fell 2.12%.
Two days before a long-awaited meeting between US President Donald Trump and his Chinese counterpart Xi Jinping, investors took little risk, scrutinizing any indication of the turn that will take the trade talks between China and the United States.
The US administration has said Wednesday that China has not made any "proposals to significantly reform" its business practices, deemed unfair by Washington.
Chinese stock markets have failed to keep up the green, despite the reassuring remarks of US Federal Reserve (Fed) Chairman Jerome Powell on the level of interest rates.
"Interest rates (…) remain just below (…) at a level that would be neutral for the economy, that is, without stimulating or slowing growth," he said. he explained.
"Powell's statement on the neutral rate has been interpreted by the markets as a willingness to carry out an accommodative policy. In many ways, it could be said that the Fed chairman has just become the Santa Claus of stock investors, "said Neil Wilson, an analyst for Markets.com.
On the agenda
In the United States, weekly spending on unemployment benefits, household spending and income for October and promises of home sales in the same month are on the agenda.
At the end of the day, investors will discover the minutes of the last meeting of the Fed.
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