PARIS (Reuters) – The New York Stock Exchange opened on a hesitant note on Friday after a week marked by renewed fears over inflation and interest rates and as investors await data on developments next Wednesday. prices in August.
In early trading, the Dow Jones index was stable at 34,521.27 points and the broader Standard & Poor’s 500 rose 0.10% to 4,455.70 points. The Nasdaq Composite took 0.15% or 20.45 points, to 13,769.284.
Inflation for August in the United States is due on Wednesday, an indicator all the more important as this will be the last price data to be published before the Federal Reserve’s monetary policy decision on September 20. .
Investors fear that the indicator could be higher than the consensus, especially after the announcement of stronger than expected activity in services, which could justify restrictive rates for longer or even higher.
“It is certain that this robustness of the labor market continues to worry the Fed on the fact of seeing wages still rising too quickly in relation to the inflation target”, confirm the strategists of LBPAM.
On the stock side, Tesla gained 0.85% after data from the China Passenger Car Association (CPCA) released on Friday showed the automaker’s market share nearly doubled in August from July on the back of further price cuts. awards and new grants.
(Written by Corentin Chapron, edited by Blandine Hénault)
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