PARIS (Reuters) – The New York Stock Exchange opened close to equilibrium on Wednesday in a context of caution after the rebound the day before and before the publication of the minutes of the last monetary policy meeting of the American Federal Reserve (Fed ).

In early trading, the Dow Jones index lost 40.76 points, or -0.10%, to 42,039.61 points and the broader Standard & Poor’s 500 fell 0.02% (-1.01 point ) at 5,750.12 points.

The Nasdaq Composite lost 0.02%, or 3.28 points, to 18,186.20.

All three indices ended higher on Tuesday, rebounding from a sharp decline on Monday following significant sell-offs in new technologies amid a rise in bond yields.

Market sentiment has been fragile since the publication of the monthly US employment report on Friday, which came out stronger than expected, which gave rise to fears of a slowdown in the pace of ongoing monetary easing.

The Fed’s “minutes” scheduled for 6:00 p.m. GMT will in this regard provide an interesting insight into the extent of the debates within the institution’s monetary policy committee while many traders are only betting on a drop of 25 rate basis points in November, compared to 50 previously.

Thursday’s publication of consumer price figures (CPI) in the United States will also confirm whether or not inflationary pressures are easing at a sustained pace. The Reuters consensus expects CPI inflation to be stable at 2.3% in September year-on-year and slowing to 0.1% monthly.

“We expect tomorrow’s FOMC (Monetary Policy Committee) minutes and CPI to be reassuring and calm market nerves about the Fed’s ability to continue cutting interest rates,” writes Ben Laidler, head of equity strategy at Bradesco BBI.

“Data consistent with consensus will calm markets, which are wondering how much the Fed can cut rates,” he added.

In terms of values, Alphabet fell slightly (-0.13%) while the American Department of Justice could ask a judge to force Google, a subsidiary of the group, to separate from certain of its activities, such as Chrome and Android. The “tech” compartment (+0.03%) is practically stable.

Boeing, whose stock has lost more than 40% of its value since the start of the year, lost 3.39% on Wednesday after another failure in salary negotiations between management and the aircraft manufacturer’s main union.

Arcadium Lithium soars by 30.42% after a takeover offer from Rio Tinto for the mining group for an amount of 6.7 billion dollars.

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(Written by Claude Chendjou, edited by Blandine Hénault)

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