PARIS (Reuters) – American stock markets hesitate at the opening on Monday, while bond yields have resumed their rise and ahead of a speech later in the day by the president of the Fed as well as economic indicators during the week .
In early trading, the Dow Jones index lost 66.72 points, or 0.20% to 33,440.78 points and the broader Standard & Poor’s 500 fell 0.11% to 4,283.25 points.
The Nasdaq Composite is stable at 13,217.985 points.
After hesitating in recent sessions, US yields rose again on Monday, the risk of a “shutdown” being ruled out until November.
The 10-year yield returned to its 2007 level, reaching 4.6371% during Monday’s session.
Adding to the caution, several statements from monetary policy makers are expected on Monday, while a host of indicators will help clarify the outlook for the US economy.
Federal Reserve Chairman Jerome Powell and Philadelphia Fed President Patrick Hasker are scheduled to speak at 3:00 p.m. GMT, while Cleveland Fed President Loretta Mester will discuss the state of the economy American later today.
The ISM manufacturing activity index will be released at 2:00 p.m. GMT on Monday, followed by factory orders on Wednesday, new jobless claims on Thursday, and the monthly jobs report on Friday, crucial for the trajectory of monetary policy.
In terms of values, Nvidia takes 1.13%, after an increase in recommendation from Goldman Sachs and declarations from the European competition services, which have not opened a formal investigation into possible abuse of the group’s dominant position in the sector. chips used for artificial intelligence.
(Written by Corentin Chappron, edited by Kate Entringer)
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